Match Group (MTCH) Trading Down 7.3%

Shares of Match Group Inc (NASDAQ:MTCH) were down 7.3% on Tuesday . The company traded as low as $37.86 and last traded at $38.42. Approximately 2,748,917 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 2,529,184 shares. The stock had previously closed at $41.46.

A number of analysts recently weighed in on MTCH shares. UBS Group increased their price objective on Match Group from $52.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, September 26th. BidaskClub downgraded Match Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Aegis increased their price target on Match Group from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, September 12th. Deutsche Bank increased their price target on Match Group from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, August 17th. Finally, ValuEngine upgraded Match Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $50.94.

The company has a debt-to-equity ratio of 1.93, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 73.88, a PEG ratio of 2.60 and a beta of 0.63.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The firm had revenue of $444.00 million during the quarter, compared to the consensus estimate of $438.03 million. Match Group had a return on equity of 60.95% and a net margin of 21.24%. The business’s revenue was up 29.4% compared to the same quarter last year. During the same period last year, the business posted $0.19 EPS. As a group, equities research analysts expect that Match Group Inc will post 1.28 EPS for the current year.

The company also recently announced a special dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, December 4th.

Several institutional investors and hedge funds have recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in shares of Match Group by 12.3% in the 2nd quarter. CIBC Asset Management Inc now owns 9,612 shares of the technology company’s stock valued at $372,000 after buying an additional 1,056 shares during the period. Ffcm LLC grew its stake in shares of Match Group by 5.7% in the 3rd quarter. Ffcm LLC now owns 23,872 shares of the technology company’s stock valued at $1,382,000 after buying an additional 1,287 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in shares of Match Group by 48.9% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock valued at $158,000 after buying an additional 1,336 shares during the period. Commonwealth Bank of Australia grew its stake in shares of Match Group by 155.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 2,300 shares of the technology company’s stock valued at $133,000 after buying an additional 1,400 shares during the period. Finally, GSA Capital Partners LLP grew its stake in shares of Match Group by 5.3% in the 3rd quarter. GSA Capital Partners LLP now owns 38,798 shares of the technology company’s stock valued at $2,247,000 after buying an additional 1,945 shares during the period. Institutional investors own 23.50% of the company’s stock.

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Match Group Company Profile (NASDAQ:MTCH)

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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