MTCH has been the topic of a number of other reports. Vetr raised Match Group from a buy rating to a strong-buy rating and set a $20.13 target price on the stock in a report on Tuesday, January 17th. Zacks Investment Research lowered Match Group from a hold rating to a sell rating in a report on Wednesday, January 11th. Finally, BMO Capital Markets reaffirmed an outperform rating and set a $21.00 target price on shares of Match Group in a report on Tuesday, December 13th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $18.60.
Match Group (NASDAQ:MTCH) opened at 16.24 on Wednesday. The stock’s 50 day moving average is $16.93 and its 200-day moving average is $17.34. The firm has a market cap of $4.16 billion, a P/E ratio of 25.38 and a beta of 0.86. Match Group has a 1-year low of $10.06 and a 1-year high of $19.74.
Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, January 31st. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $319.70 million for the quarter, compared to analyst estimates of $320.62 million. Match Group had a return on equity of 47.04% and a net margin of 14.02%. Match Group’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. Analysts forecast that Match Group will post $0.88 EPS for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its position in Match Group by 12.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,048 shares of the company’s stock worth $125,000 after buying an additional 800 shares during the period. Gideon Capital Advisors Inc. bought a new position in Match Group during the fourth quarter worth $185,000. Quadrature Capital Ltd bought a new position in Match Group during the third quarter worth $205,000. Cipher Capital LP bought a new position in Match Group during the fourth quarter worth $210,000. Finally, Meeder Asset Management Inc. bought a new position in Match Group during the third quarter worth $224,000. Institutional investors and hedge funds own 17.21% of the company’s stock.
About Match Group
Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services.
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