Shares of Match Group Inc (NASDAQ:MTCH) have been given an average recommendation of “Buy” by the twenty-two research firms that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $49.69.
Several equities analysts have weighed in on the company. BidaskClub upgraded Match Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 15th. UBS Group raised their target price on Match Group from $52.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. Jefferies Financial Group raised their target price on Match Group from $55.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Aegis raised their target price on Match Group from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, September 12th. Finally, Nomura assumed coverage on Match Group in a report on Thursday, October 11th. They set a “buy” rating and a $66.00 target price on the stock.
Shares of NASDAQ:MTCH opened at $49.19 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.18. Match Group has a 1 year low of $24.98 and a 1 year high of $60.95. The firm has a market cap of $13.62 billion, a P/E ratio of 50.71, a PEG ratio of 3.17 and a beta of 0.36.
In other news, CFO Gary Swidler sold 105,611 shares of Match Group stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $49.57, for a total value of $5,235,137.27. Following the transaction, the chief financial officer now directly owns 266,010 shares in the company, valued at $13,186,115.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Jared F. Sine sold 27,343 shares of Match Group stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $48.51, for a total value of $1,326,408.93. Following the completion of the transaction, the general counsel now owns 65,022 shares in the company, valued at $3,154,217.22. The disclosure for this sale can be found here. Insiders sold 251,000 shares of company stock worth $12,382,872 over the last quarter. 7.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. CIBC Asset Management Inc increased its stake in shares of Match Group by 12.3% in the second quarter. CIBC Asset Management Inc now owns 9,612 shares of the technology company’s stock worth $372,000 after purchasing an additional 1,056 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in shares of Match Group by 48.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock worth $158,000 after purchasing an additional 1,336 shares during the period. State of Wisconsin Investment Board increased its stake in shares of Match Group by 38.3% in the second quarter. State of Wisconsin Investment Board now owns 10,143 shares of the technology company’s stock worth $393,000 after purchasing an additional 2,810 shares during the period. Janus Henderson Group PLC increased its stake in shares of Match Group by 38.2% in the second quarter. Janus Henderson Group PLC now owns 10,238 shares of the technology company’s stock worth $397,000 after purchasing an additional 2,828 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Match Group in the second quarter worth about $111,000. Institutional investors and hedge funds own 22.29% of the company’s stock.
Match Group Company Profile
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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