Match Group, Inc. (NASDAQ:MTCH) – Stock analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for shares of Match Group in a note issued to investors on Wednesday. Jefferies Group analyst B. Fitzgerald now forecasts that the technology company will earn $0.64 per share for the year, up from their previous forecast of $0.63. Jefferies Group currently has a “Buy” rating and a $28.00 target price on the stock. Jefferies Group also issued estimates for Match Group’s FY2018 earnings at $0.88 EPS.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by $0.03. The company had revenue of $309.57 million during the quarter, compared to the consensus estimate of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share.
Several other research analysts have also issued reports on MTCH. BidaskClub lowered shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered shares of Match Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Aegis increased their target price on shares of Match Group from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, Vetr lowered shares of Match Group from a “buy” rating to a “hold” rating and set a $20.78 target price on the stock. in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Match Group currently has an average rating of “Buy” and a consensus price target of $21.04.
Shares of Match Group (MTCH) opened at 22.93 on Monday. Match Group has a 52-week low of $15.05 and a 52-week high of $24.05. The company has a market capitalization of $6.01 billion, a PE ratio of 32.62 and a beta of 0.53. The company has a 50-day moving average of $19.54 and a 200 day moving average of $18.21.
In other Match Group news, General Counsel Jared F. Sine sold 64,436 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total value of $1,318,360.56. Following the transaction, the general counsel now directly owns 64,436 shares of the company’s stock, valued at $1,318,360.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Sam Yagan sold 98,854 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $19.10, for a total transaction of $1,888,111.40. Following the completion of the transaction, the insider now directly owns 84,391 shares in the company, valued at $1,611,868.10. The disclosure for this sale can be found here. Insiders sold 902,498 shares of company stock worth $19,287,878 over the last ninety days. Insiders own 18.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC lifted its position in shares of Match Group by 499.8% during the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after purchasing an additional 5,333 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Match Group by 19.9% during the first quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock valued at $114,000 after purchasing an additional 1,156 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Match Group by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares in the last quarter. TLP Group LLC bought a new position in shares of Match Group during the first quarter valued at about $154,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Match Group during the second quarter valued at about $176,000. 19.05% of the stock is currently owned by institutional investors.
About Match Group
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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