Match Group (NASDAQ:MTCH)‘s stock had its “hold” rating restated by analysts at Oppenheimer in a research report issued to clients and investors on Tuesday, TipRanks reports.

Several other research analysts have also recently weighed in on MTCH. ValuEngine cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Aegis reaffirmed a “buy” rating and issued a $105.00 target price on shares of Match Group in a research note on Wednesday, September 4th. UBS Group lowered shares of Match Group from a “buy” rating to a “neutral” rating and lifted their target price for the company from $77.00 to $95.00 in a research report on Thursday, August 8th. Macquarie reissued an “outperform” rating and issued a $92.00 price target (up previously from $74.00) on shares of Match Group in a research note on Thursday, August 8th. Finally, Cowen set a $104.00 price target on shares of Match Group and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Twelve analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.24.

Match Group stock traded down $0.71 during midday trading on Tuesday, hitting $74.83. 2,122,535 shares of the company’s stock were exchanged, compared to its average volume of 1,902,009. The company has a market cap of $21.24 billion, a P/E ratio of 56.26, a PEG ratio of 2.64 and a beta of 0.23. The company has a debt-to-equity ratio of 7.63, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a 50-day moving average price of $81.45 and a two-hundred day moving average price of $68.53. Match Group has a 52-week low of $33.30 and a 52-week high of $95.32.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $498.00 million for the quarter, compared to analysts’ expectations of $489.16 million. Match Group had a return on equity of 166.69% and a net margin of 26.51%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. As a group, sell-side analysts expect that Match Group will post 1.77 earnings per share for the current year.

In other news, CAO Philip D. Eigenmann sold 7,057 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $84.49, for a total value of $596,245.93. Following the completion of the sale, the chief accounting officer now directly owns 13,133 shares in the company, valued at approximately $1,109,607.17. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jared F. Sine sold 24,641 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $81.58, for a total transaction of $2,010,212.78. Following the completion of the sale, the insider now owns 39,649 shares of the company’s stock, valued at $3,234,565.42. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Northern Oak Wealth Management Inc. bought a new stake in Match Group in the second quarter worth $42,000. NEXT Financial Group Inc boosted its position in Match Group by 850.0% during the second quarter. NEXT Financial Group Inc now owns 950 shares of the technology company’s stock valued at $64,000 after buying an additional 850 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Match Group during the second quarter valued at about $67,000. Cornerstone Advisors Inc. grew its stake in shares of Match Group by 32.5% during the first quarter. Cornerstone Advisors Inc. now owns 1,774 shares of the technology company’s stock valued at $100,000 after buying an additional 435 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in Match Group by 3,829.8% during the 1st quarter. Stephens Inc. AR now owns 1,847 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,800 shares during the period. 22.82% of the stock is currently owned by institutional investors.

About Match Group

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

Further Reading: Cost of Equity For A Business, Investors

Analyst Recommendations for Match Group (NASDAQ:MTCH)

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