Match Group (NASDAQ:MTCH) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

MTCH has been the topic of several other research reports. ValuEngine upgraded Match Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Nomura assumed coverage on Match Group in a report on Thursday, October 11th. They set a “buy” rating and a $66.00 price objective on the stock. Wells Fargo & Co restated a “hold” rating and set a $41.00 price objective on shares of Match Group in a report on Wednesday, August 8th. UBS Group boosted their price objective on Match Group from $52.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, September 26th. Finally, Aegis lifted their target price on Match Group from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, September 12th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $49.69.

NASDAQ MTCH opened at $57.15 on Wednesday. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $16.03 billion, a price-to-earnings ratio of 109.90, a P/E/G ratio of 3.78 and a beta of 0.35. Match Group has a 1 year low of $24.40 and a 1 year high of $60.95.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. The firm had revenue of $421.20 million for the quarter, compared to the consensus estimate of $413.07 million. Match Group had a return on equity of 53.18% and a net margin of 32.94%. On average, sell-side analysts expect that Match Group will post 1.23 earnings per share for the current year.

In other Match Group news, CEO Amanda Ginsberg sold 106,850 shares of Match Group stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $49.37, for a total transaction of $5,275,184.50. Following the transaction, the chief executive officer now owns 62,682 shares of the company’s stock, valued at approximately $3,094,610.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gary Swidler sold 105,611 shares of Match Group stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $49.57, for a total value of $5,235,137.27. Following the transaction, the chief financial officer now directly owns 266,010 shares in the company, valued at approximately $13,186,115.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 251,000 shares of company stock worth $12,382,872. Company insiders own 7.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MTCH. Northern Trust Corp grew its stake in shares of Match Group by 99.5% in the 1st quarter. Northern Trust Corp now owns 617,413 shares of the technology company’s stock valued at $27,438,000 after buying an additional 307,975 shares in the last quarter. BlackRock Inc. grew its stake in shares of Match Group by 4.4% in the 1st quarter. BlackRock Inc. now owns 1,789,697 shares of the technology company’s stock valued at $79,536,000 after buying an additional 75,681 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Match Group by 66.4% in the 1st quarter. California Public Employees Retirement System now owns 29,126 shares of the technology company’s stock valued at $1,294,000 after buying an additional 11,626 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Match Group by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 215,662 shares of the technology company’s stock valued at $9,584,000 after buying an additional 17,958 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Match Group in the 1st quarter valued at approximately $502,000. 22.58% of the stock is owned by institutional investors and hedge funds.

Match Group Company Profile

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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