Match Group (NASDAQ:MTCH) PT Lowered to $80.00

Match Group (NASDAQ:MTCH) had its price target decreased by Jefferies Financial Group from $105.00 to $80.00 in a research note published on Thursday, November 7th, The Fly reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

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Several other equities research analysts have also issued reports on the company. Oppenheimer raised Match Group from a market perform rating to an outperform rating and set a $89.00 target price for the company in a research report on Thursday, October 10th. Bank of America set a $102.00 target price on Match Group and gave the company a buy rating in a research report on Thursday, September 26th. ValuEngine lowered Match Group from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Evercore ISI raised Match Group from an in-line rating to an outperform rating and set a $95.00 target price for the company in a research report on Friday, September 27th. Finally, SunTrust Banks raised Match Group from a hold rating to a buy rating and raised their target price for the company from $90.00 to $106.00 in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $87.29.

Shares of MTCH stock traded up $0.70 during trading hours on Thursday, hitting $70.08. 960,800 shares of the company were exchanged, compared to its average volume of 2,532,645. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.35 and a current ratio of 1.35. The company has a 50 day simple moving average of $72.62 and a two-hundred day simple moving average of $73.81. Match Group has a fifty-two week low of $33.30 and a fifty-two week high of $95.32. The firm has a market cap of $19.50 billion, a P/E ratio of 52.69, a P/E/G ratio of 2.26 and a beta of 0.19.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. Match Group had a return on equity of 293.15% and a net margin of 26.41%. The business had revenue of $541.50 million for the quarter, compared to analysts’ expectations of $540.73 million. During the same period last year, the business earned $0.44 EPS. The business’s revenue was up 22.0% on a year-over-year basis. As a group, sell-side analysts expect that Match Group will post 1.84 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Match Group by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,319,263 shares of the technology company’s stock worth $425,097,000 after acquiring an additional 48,969 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Match Group by 8.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,469,837 shares of the technology company’s stock worth $373,207,000 after acquiring an additional 425,333 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Match Group by 30.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,821,900 shares of the technology company’s stock worth $189,829,000 after acquiring an additional 665,600 shares during the last quarter. Bank of America Corp DE increased its holdings in Match Group by 24.5% in the 2nd quarter. Bank of America Corp DE now owns 1,187,742 shares of the technology company’s stock worth $79,899,000 after acquiring an additional 233,918 shares during the last quarter. Finally, Gladstone Capital Management LLP increased its holdings in Match Group by 11.1% in the 3rd quarter. Gladstone Capital Management LLP now owns 1,156,680 shares of the technology company’s stock worth $82,633,000 after acquiring an additional 115,316 shares during the last quarter. 22.89% of the stock is owned by 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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