BidaskClub upgraded shares of Match Group (NASDAQ:MTCH) from a buy rating to a strong-buy rating in a report published on Friday.

Several other analysts have also commented on the company. Jefferies Financial Group boosted their price target on Match Group from $55.00 to $70.00 and gave the company a buy rating in a research note on Thursday, October 4th. Aegis decreased their price target on Match Group from $65.00 to $62.00 and set a buy rating on the stock in a research note on Friday, November 9th. ValuEngine raised Match Group from a hold rating to a buy rating in a research note on Monday, November 12th. Nomura started coverage on Match Group in a research note on Thursday, October 11th. They issued a buy rating and a $66.00 price target on the stock. Finally, Macquarie started coverage on Match Group in a research note on Wednesday, November 28th. They issued an outperform rating on the stock. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Match Group presently has a consensus rating of Buy and an average price target of $50.69.

Shares of MTCH stock opened at $44.69 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $12.52 billion, a P/E ratio of 85.94, a P/E/G ratio of 1.93 and a beta of 0.25. Match Group has a one year low of $30.85 and a one year high of $60.95.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business had revenue of $444.00 million for the quarter, compared to analyst estimates of $438.03 million. Match Group had a return on equity of 60.95% and a net margin of 21.24%. Match Group’s quarterly revenue was up 29.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. Research analysts expect that Match Group will post 1.28 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th were given a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, December 4th.

A number of institutional investors and hedge funds have recently modified their holdings of MTCH. Flagship Harbor Advisors LLC bought a new position in Match Group in the 2nd quarter valued at $111,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Match Group during the third quarter worth $116,000. Commonwealth Bank of Australia raised its position in shares of Match Group by 155.6% during the third quarter. Commonwealth Bank of Australia now owns 2,300 shares of the technology company’s stock worth $133,000 after acquiring an additional 1,400 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Match Group by 48.9% during the second quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,336 shares during the last quarter. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Match Group during the third quarter worth $189,000. Hedge funds and other institutional investors own 23.25% of the company’s stock.

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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Analyst Recommendations for Match Group (NASDAQ:MTCH)

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