Match Group (NASDAQ:MTCH) Given a $104.00 Price Target at Cowen

Match Group (NASDAQ:MTCH) received a $104.00 price objective from investment analysts at Cowen in a research report issued on Wednesday, August 7th, TipRanks reports. The brokerage currently has a “buy” rating on the technology company’s stock. Cowen’s price objective would suggest a potential upside of 26.11% from the company’s previous close.

MTCH has been the subject of several other reports. Nomura upped their target price on shares of Match Group from $62.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 8th. UBS Group lowered shares of Match Group from a “buy” rating to a “neutral” rating and upped their price target for the company from $77.00 to $95.00 in a research report on Thursday, August 8th. SunTrust Banks upped their price target on shares of Match Group from $62.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, August 8th. BMO Capital Markets upped their price target on shares of Match Group from $74.00 to $85.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Finally, BidaskClub raised shares of Match Group from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $86.91.

MTCH opened at $82.47 on Wednesday. Match Group has a one year low of $33.30 and a one year high of $95.32. The company has a fifty day moving average price of $75.51 and a 200-day moving average price of $65.04. The firm has a market capitalization of $22.66 billion, a P/E ratio of 62.01, a price-to-earnings-growth ratio of 2.74 and a beta of 0.27. The company has a debt-to-equity ratio of 7.63, a current ratio of 1.32 and a quick ratio of 1.13.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, August 6th. The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. Match Group had a net margin of 26.51% and a return on equity of 166.69%. The company had revenue of $498.00 million during the quarter, compared to analyst estimates of $489.16 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, analysts expect that Match Group will post 1.77 earnings per share for the current year.

In other news, Director Ann Mcdaniel sold 6,400 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $70.26, for a total transaction of $449,664.00. Following the sale, the director now owns 9,578 shares in the company, valued at $672,950.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Amanda Ginsberg sold 119,879 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $69.05, for a total transaction of $8,277,644.95. Following the sale, the chief executive officer now owns 211,784 shares in the company, valued at approximately $14,623,685.20. The disclosure for this sale can be found here. Insiders have sold 130,607 shares of company stock valued at $9,034,034 in the last ninety days. Insiders own 3.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of MTCH. Northern Oak Wealth Management Inc. purchased a new stake in Match Group in the second quarter worth approximately $42,000. NEXT Financial Group Inc boosted its holdings in Match Group by 850.0% in the second quarter. NEXT Financial Group Inc now owns 950 shares of the technology company’s stock worth $64,000 after purchasing an additional 850 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Match Group in the second quarter worth approximately $67,000. Cornerstone Advisors Inc. boosted its holdings in Match Group by 32.5% in the first quarter. Cornerstone Advisors Inc. now owns 1,774 shares of the technology company’s stock worth $100,000 after purchasing an additional 435 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in Match Group by 3,829.8% in 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 last quarter. Institutional investors own 22.04% 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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