Match Group (NASDAQ: MTCH) has recently received a number of price target changes and ratings updates:

  • 11/14/2018 – Match Group was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Match Group reported stellar third-quarter results. The company enjoys a first mover’s advantage in the online dating market. The company's increase in its average subscriber base, driven primarily by solid contribution from Tinder is a key catalyst.  Robust momentum at Tinder and sturdy synergies from Meetic, Match and PlentyOfFish bodes well for the company. Match Group had rolled out a Tinder Gold subscription package, which has driven incremental ARPU as well as subscriber growth. Notably, shares of the company have outperformed the industry in the past year. However, weaker-than-expected advertising revenue growth trends might dent the company’s financial performance. Further, profits might be affected due to higher investments in Tinder along with higher-than-expected data costs and professional fees.”
  • 11/12/2018 – Match Group was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/9/2018 – Match Group had its price target lowered by analysts at Aegis from $65.00 to $62.00. They now have a “buy” rating on the stock.
  • 11/8/2018 – Match Group had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 11/8/2018 – Match Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/5/2018 – Match Group had its price target raised by analysts at Deutsche Bank AG from $56.00 to $61.00. They now have a “buy” rating on the stock.
  • 10/19/2018 – Match Group was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/17/2018 – Match Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/11/2018 – Match Group is now covered by analysts at Nomura. They set a “buy” rating and a $66.00 price target on the stock.
  • 10/4/2018 – Match Group had its price target raised by analysts at Jefferies Financial Group Inc from $55.00 to $70.00. They now have a “buy” rating on the stock.
  • 9/29/2018 – Match Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 9/26/2018 – Match Group had its price target raised by analysts at UBS Group AG from $52.00 to $66.00. They now have a “buy” rating on the stock.

NASDAQ MTCH opened at $37.92 on Thursday. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 72.92, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74. Match Group Inc has a 52 week low of $27.59 and a 52 week high of $60.95. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.93.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business had revenue of $444.00 million for the quarter, compared to the consensus estimate of $438.03 million. Match Group had a net margin of 21.24% and a return on equity of 60.95%. The company’s revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, analysts anticipate that Match Group Inc will post 1.28 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Tuesday, December 4th.

Several institutional investors and hedge funds have recently made changes to their positions in MTCH. Flagship Harbor Advisors LLC bought a new position in shares of Match Group in the second quarter worth approximately $111,000. Thompson Siegel & Walmsley LLC bought a new position in shares of Match Group in the third quarter worth approximately $116,000. Commonwealth Bank of Australia increased its position in shares of Match Group by 155.6% in the third quarter. Commonwealth Bank of Australia now owns 2,300 shares of the technology company’s stock worth $133,000 after purchasing an additional 1,400 shares during the last quarter. Financial Architects Inc increased its position in shares of Match Group by 410.3% in the second quarter. Financial Architects Inc now owns 3,649 shares of the technology company’s stock worth $141,000 after purchasing an additional 2,934 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of Match Group in the second quarter worth approximately $150,000. Hedge funds and other institutional investors own 23.33% of the company’s stock.

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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