Match Group (NASDAQ:MTCH) Given “Hold” Rating at Oppenheimer

Oppenheimer reaffirmed their hold rating on shares of Match Group (NASDAQ:MTCH) in a research note issued to investors on Tuesday, TipRanks reports.

Several other equities analysts have also recently commented on MTCH. Nomura boosted their target price on shares of Match Group from $62.00 to $81.00 and gave the company a neutral rating in a research report on Thursday, August 8th. Cowen set a $104.00 price target on shares of Match Group and gave the stock a buy rating in a research report on Wednesday, August 7th. BMO Capital Markets increased their price target on shares of Match Group from $74.00 to $85.00 and gave the stock a market perform rating in a research report on Thursday, August 8th. SunTrust Banks raised shares of Match Group from a hold rating to a buy rating and lifted their price objective for the company from $90.00 to $106.00 in a research note on Thursday, September 5th. Finally, Macquarie restated an outperform rating and set a $92.00 price objective (up from $74.00) on shares of Match Group in a research report on Thursday, August 8th. Twelve investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $88.24.

Shares of NASDAQ MTCH traded down $0.71 during mid-day trading on Tuesday, reaching $74.83. The company had a trading volume of 2,122,535 shares, compared to its average volume of 1,902,009. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 56.26, a PEG ratio of 2.64 and a beta of 0.23. The business’s 50-day simple moving average is $81.45 and its 200 day simple moving average is $68.53. Match Group has a one year low of $33.30 and a one year high of $95.32. The company has a debt-to-equity ratio of 7.63, a quick ratio of 1.32 and a current ratio of 1.32.



Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. The business had revenue of $498.00 million during the quarter, compared to analysts’ expectations of $489.16 million. Match Group had a net margin of 26.51% and a return on equity of 166.69%. Match Group’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. On average, sell-side analysts anticipate that Match Group will post 1.77 EPS for the current year.

In other news, CAO Philip D. Eigenmann sold 7,057 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $84.49, for a total transaction of $596,245.93. Following the sale, the chief accounting officer now directly owns 13,133 shares in the company, valued at $1,109,607.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jared F. Sine sold 24,641 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $81.58, for a total value of $2,010,212.78. Following the completion of the transaction, the insider now directly owns 39,649 shares of the company’s stock, valued at approximately $3,234,565.42. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Oak Wealth Management Inc. bought a new stake in Match Group during the 2nd quarter worth approximately $42,000. NEXT Financial Group Inc increased its position in Match Group by 850.0% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the technology company’s stock valued at $64,000 after acquiring an additional 850 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Match Group during the second quarter valued at $67,000. Cornerstone Advisors Inc. raised its stake in shares of Match Group by 32.5% during the first quarter. Cornerstone Advisors Inc. now owns 1,774 shares of the technology company’s stock valued at $100,000 after acquiring an additional 435 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Match Group by 3,829.8% during the first quarter. Stephens Inc. AR now owns 1,847 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,800 shares during the period. Institutional investors and hedge funds own 22.82% of the company’s stock.

About Match Group

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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