Research Analysts’ Weekly Ratings Updates for Match Group (MTCH)

Several brokerages have updated their recommendations and price targets on shares of Match Group (NASDAQ: MTCH) in the last few weeks:

  • 11/12/2019 – Match Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $80.00 price target on the stock. According to Zacks, “Match Group reported stellar third-quarter results. Moreover, both earnings and revenues increased year over year. The company boasts of a robust portfolio of online dating services and enjoys a first mover’s advantage in the space. Increase in its average subscriber base, driven primarily by solid contribution from Tinder, is a key catalyst. Sturdy synergies from Meetic, Match, Hinge, OkCupid and PlentyOfFish buyouts bode well. Increasing adoption of Tinder Gold subscription package is enabling Match Group to bolster ARPU and subscriber growth. Launch of Tinder Lite amid growing Internet penetration in South-East Asia holds promise. Notably, shares of the company have outperformed the industry in the past year. However, higher investments in Tinder, and higher-than-expected data costs and professional fees might limit margin expansion.”
  • 11/11/2019 – Match Group had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $75.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 11/8/2019 – Match Group was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 11/8/2019 – Match Group had its price target lowered by analysts at JPMorgan Chase & Co. from $93.00 to $75.00. They now have a “neutral” rating on the stock.
  • 11/7/2019 – Match Group had its price target lowered by analysts at Barclays PLC from $88.00 to $70.00. They now have an “equal weight” rating on the stock.
  • 11/7/2019 – Match Group had its price target lowered by analysts at Nomura from $88.00 to $81.00. They now have a “buy” rating on the stock.
  • 11/7/2019 – Match Group had its price target lowered by analysts at SunTrust Banks, Inc. to $96.00. They now have a “buy” rating on the stock.
  • 11/7/2019 – Match Group had its price target lowered by analysts at Jefferies Financial Group Inc from $105.00 to $80.00. They now have a “buy” rating on the stock.
  • 11/7/2019 – Match Group was upgraded by analysts at UBS Group AG from a “neutral” rating to a “buy” rating. They now have a $88.00 price target on the stock, down previously from $95.00.
  • 11/6/2019 – Match Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/10/2019 – Match Group was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $89.00 price target on the stock.
  • 10/7/2019 – Match Group was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock, down previously from $93.00.
  • 10/7/2019 – Match Group was upgraded by analysts at Nomura from a “neutral” rating to a “buy” rating. They now have a $88.00 price target on the stock, up previously from $81.00.
  • 10/2/2019 – Match Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/27/2019 – Match Group was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $95.00 price target on the stock.
  • 9/26/2019 – Match Group was given a new $102.00 price target on by analysts at Bank of America Corp. They now have a “buy” rating on the stock.

NASDAQ:MTCH traded up $0.44 during trading hours on Tuesday, reaching $71.53. The company’s stock had a trading volume of 33,599 shares, compared to its average volume of 2,490,090. The firm has a market capitalization of $19.70 billion, a price-to-earnings ratio of 53.78, a PEG ratio of 2.28 and a beta of 0.19. The firm has a 50-day simple moving average of $72.53 and a 200-day simple moving average of $73.94. Match Group Inc has a 1 year low of $33.30 and a 1 year high of $95.32. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.35 and a current ratio of 1.35.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 5th. The technology company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $541.50 million for the quarter, compared to analysts’ expectations of $540.73 million. Match Group had a net margin of 26.41% and a return on equity of 293.15%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Equities analysts anticipate that Match Group Inc will post 1.84 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. bought a new stake in Match Group in the 1st quarter worth $4,333,000. Xact Kapitalforvaltning AB grew its holdings in Match Group by 62.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 6,883 shares of the technology company’s stock worth $463,000 after acquiring an additional 2,640 shares during the last quarter. NEXT Financial Group Inc grew its holdings in Match Group by 850.0% in the 2nd quarter. NEXT Financial Group Inc now owns 950 shares of the technology company’s stock worth $64,000 after acquiring an additional 850 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new stake in shares of Match Group during the 2nd quarter valued at about $348,000. Finally, SeaCrest Wealth Management LLC boosted its stake in shares of Match Group by 79.4% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 3,835 shares of the technology company’s stock valued at $258,000 after purchasing an additional 1,697 shares in the last quarter. Institutional investors own 23.21% of the company’s stock.

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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