Match Group (NASDAQ:MTCH) Receives Hold Rating from Guggenheim

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

Several other brokerages have also weighed in on MTCH. Macquarie reaffirmed an outperform rating and issued a $92.00 target price (up from $74.00) on shares of Match Group in a research report on Thursday, August 8th. Zacks Investment Research upgraded Match Group from a hold rating to a strong-buy rating and set a $78.00 price target for the company in a research note on Wednesday, May 15th. UBS Group downgraded Match Group from a buy rating to a neutral rating and raised their price objective for the stock from $77.00 to $95.00 in a report on Thursday, August 8th. Aegis reaffirmed a buy rating and issued a $105.00 price objective on shares of Match Group in a research note on Wednesday, September 4th. Finally, ValuEngine cut Match Group from a buy rating to a hold rating in a report on Wednesday, September 4th. Twelve investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Match Group currently has a consensus rating of Hold and a consensus price target of $88.24.

Match Group stock traded down $0.71 during 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. Match Group has a 12-month low of $33.30 and a 12-month 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. The stock’s 50 day moving average price is $81.45 and its two-hundred day moving average price is $68.53. The firm has a market capitalization of $21.24 billion, a price-to-earnings ratio of 56.26, a PEG ratio of 2.64 and a beta of 0.23.



Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The company had revenue of $498.00 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, research analysts expect that Match Group will post 1.77 earnings per share for the current year.

In other news, CAO Philip D. Eigenmann sold 7,057 shares of the firm’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 completion of the sale, the chief accounting officer now directly owns 13,133 shares in the company, valued at $1,109,607.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jared F. Sine sold 24,641 shares of Match Group stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $81.58, for a total value of $2,010,212.78. Following the sale, the insider now directly owns 39,649 shares in the company, valued at $3,234,565.42. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of MTCH. Rehmann Capital Advisory Group increased its holdings in Match Group by 44.3% during the 2nd quarter. Rehmann Capital Advisory Group now owns 9,488 shares of the technology company’s stock worth $638,000 after purchasing an additional 2,913 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Match Group by 5.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 21,978 shares of the technology company’s stock valued at $1,478,000 after buying an additional 1,040 shares during the last quarter. Aubrey Capital Management Ltd grew its position in shares of Match Group by 11.3% during the second quarter. Aubrey Capital Management Ltd now owns 93,650 shares of the technology company’s stock worth $6,300,000 after buying an additional 9,500 shares in the last quarter. Barings LLC acquired a new stake in shares of Match Group during the second quarter worth approximately $390,000. Finally, KCL Capital L.P. bought a new stake in shares of Match Group in the second quarter worth $5,382,000. 22.82% of the stock is owned by hedge funds and other institutional investors.

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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