Match Group (NASDAQ:MTCH – Get Rating) had its price objective lowered by stock analysts at Oppenheimer from $100.00 to $78.00 in a research report issued on Thursday, MarketBeat.com reports. The brokerage presently has an "outperform" rating on the technology company's stock. Oppenheimer's target price points to a potential upside of 15.08% from the company's previous close.
Other equities analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Match Group from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday. Morgan Stanley decreased their price target on shares of Match Group from $150.00 to $100.00 and set an "overweight" rating on the stock in a research note on Thursday. Evercore ISI decreased their price target on shares of Match Group from $115.00 to $95.00 and set an "outperform" rating on the stock in a research note on Thursday, July 7th. JPMorgan Chase & Co. decreased their price target on shares of Match Group from $125.00 to $105.00 in a research note on Tuesday, July 19th. Finally, Barclays decreased their price target on shares of Match Group from $81.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $98.86.
Get Match Group alerts:Match Group Stock Up 1.9 %
MTCH opened at $67.78 on Thursday. The company has a market cap of $19.36 billion, a price-to-earnings ratio of 211.82, a PEG ratio of 0.58 and a beta of 1.15. Match Group has a 52-week low of $59.15 and a 52-week high of $182.00. The firm's fifty day simple moving average is $73.31 and its two-hundred day simple moving average is $88.77.
Match Group (NASDAQ:MTCH – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $798.63 million for the quarter, compared to the consensus estimate of $795.03 million. Match Group had a net margin of 3.48% and a negative return on equity of 164.13%. The company's revenue was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. On average, research analysts forecast that Match Group will post 2.63 EPS for the current year.Insider Buying and Selling at Match Group
In related news, CEO Bernard Jin Kim purchased 16,000 shares of the company's stock in a transaction on Thursday, August 4th. The stock was acquired at an average cost of $63.58 per share, for a total transaction of $1,017,280.00. Following the completion of the transaction, the chief executive officer now directly owns 16,000 shares in the company, valued at $1,017,280. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.30% of the company's stock.
Institutional Investors Weigh In On Match Group
A number of institutional investors have recently made changes to their positions in MTCH. National Bank of Canada FI acquired a new position in shares of Match Group in the fourth quarter valued at approximately $135,000. Van ECK Associates Corp acquired a new position in shares of Match Group in the fourth quarter valued at approximately $169,000. D.A. Davidson & CO. grew its holdings in shares of Match Group by 5.2% in the fourth quarter. D.A. Davidson & CO. now owns 17,261 shares of the technology company's stock valued at $2,283,000 after purchasing an additional 847 shares in the last quarter. CWM LLC acquired a new position in shares of Match Group in the fourth quarter valued at approximately $279,000. Finally, Raymond James Trust N.A. grew its holdings in shares of Match Group by 2.7% in the fourth quarter. Raymond James Trust N.A. now owns 3,586 shares of the technology company's stock valued at $475,000 after purchasing an additional 94 shares in the last quarter. 96.11% of the stock is currently owned by institutional investors and hedge funds.
About Match Group
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Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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