Match Group Revenue Outlook Shines On Tinder Gold, Stock Jumps

James Marshall
November 9, 2017

Match Group Inc (NASDAQ:MTCH) had a strong quarter that carried shares higher after hours Tuesday.


The price target set for the stock is $26.80 and this sets up an interesting set of potential movement for the stock, according to data from Finviz's Research. Match Group Inc. The company has a market cap of $4.36 billion and a P/E ratio of 33.22.

The match-making website posted third-quarter adjusted earnings at 19 cents per share, which fell 17% year-over-year and missed the Wall Street consensus estimate.

A year ago, Match Group raked in $317 million in revenue and earned 23 cents per share. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company.

Among 17 analysts covering Match Group (NASDAQ:MTCH), 12 have Buy rating, 0 Sell and 5 Hold. Deutsche Bank initiated the shares of MTCH in report on Monday, December 14 with "Buy" rating. The stock's average target of $85.67 is -30.51% below today's ($123.29) share price. If you are accessing this story on another website, it was illegally stolen and reposted in violation of US and worldwide copyright & trademark legislation. (NASDAQ:MTCH) to report earnings on Nov, 07 for the fiscal quarter ending Sep 2017. The original version of this piece of content can be viewed at In terms of performance, year to date, the stock is 57.31%.

In other news, Vice Chairman Sam Yagan sold 684,583 shares of Match Group stock in a transaction on Friday, September 1st. Following the transaction, the general counsel now directly owns 64,436 shares in the company, valued at $1,318,360.56. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently made changes to their positions in MTCH. Among active positions in the latest quarter, 99 holders increased their positions by a total of 13.58 million shares, 72 holders decreased the positions by a total of 13.67 million shares, and 18 holders held their positions. Tightening the gaze, stock performance for the last 5 trading days is 0.60%. Insiders own 19.90% of the company's stock. Finally, First Manhattan Co. boosted its position in shares of Match Group by 18,454.2% during the second quarter.

ADMA Biologics, Inc. (NASDAQ:ADMA) shares typically trade an average volume of 34.06 and institutions hold 34.60% of the total shares. Mik Capital LLC bought a new position in Match Group in the second quarter valued at approximately $23,043,000. Voya Investment Management LLC lifted its holdings in shares of Match Group by 16.4% in the second quarter. Schwab Charles Investment Management Inc. increased its stake in Match Group by 15.9% in the second quarter.

Match Group, Inc., incorporated on February 13, 2009, is a well-known provider of dating products. Breaking that down further, it has performed -4.27% for the week, -29.56% for the month, -26.32% over the last quarter, -45.37% for the past half-year and -55.73% for this a year ago. It operates through the following segments: Dating and Non-Dating. 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 created to manage its users' likelihood of finding a romantic connection. The Dating segment provides dating products.

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