Match Group, Inc. (NASDAQ:MTCH – Get Free Report) has been given an average rating of “Moderate Buy” by the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $42.07.
Several research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Match Group from $33.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a research note on Monday, August 5th. Citigroup boosted their target price on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $38.00 price target on shares of Match Group in a research note on Wednesday, July 31st.
View Our Latest Stock Report on Match Group
Hedge Funds Weigh In On Match Group
Match Group Stock Performance
Match Group stock opened at $37.32 on Monday. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $47.81. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.48. The stock’s fifty day moving average is $33.21 and its two-hundred day moving average is $33.25.
Match Group (NASDAQ:MTCH – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 EPS. As a group, sell-side analysts forecast that Match Group will post 1.98 EPS for the current fiscal year.
About Match Group
Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.
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