Match Group (MTCH) Lowered to "Neutral" at JPMorgan Chase & Co

Match Group (NASDAQ MTCH) traded up $0.54 during trading hours on Tuesday, reaching $42.10. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $42.00 price objective (up from $39.00) on shares of Match Group in a research note on Thursday, February 8th.

On Assignment, Inc. provides professionals for contract, contract-to-hire, and direct hire assignments in the United States, Europe, and Canada. As per Wednesday, October 11, the company rating was maintained by Northland Capital. Citigroup restated a buy rating and set a $35.00 price target on shares of Match Group in a report on Thursday, November 9th.

Match Group (NASDAQ:MTCH) has insider ownership of 18.10% and institutional ownership of 21.35%.

Shares of Match Group (MTCH) opened at $41.56 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. It has been assigned a low target price of $15 and a high target price of $64. The company has a market cap of $11,351.99, a price-to-earnings ratio of 35.38, a P/E/G ratio of 2.86 and a beta of 0.91. (NASDAQ:MTCH) are 10.82%; 29.14% for the month; 47% for the last quarter; 123.94% for the past six-months; and 145.34% for the last 12 months. The technology company reported $0.18 EPS for the quarter, missing the Zacks' consensus estimate of $0.32 by ($0.14).

More notable recent Match Group, Inc. The company had revenue of $379.00 million during the quarter, compared to the consensus estimate of $362.86 million. Insiders sold a total of 252,310 shares of company stock worth $9,825,116 over the last ninety days. During the same quarter in the previous year, the company earned $0.29 earnings per share. sell-side analysts anticipate that Match Group will post 0.91 EPS for the current year.

In other Match Group news, CFO Gary Swidler sold 90,089 shares of Match Group stock in a transaction that occurred on Friday, February 16th. BlackRock Inc. now owns 1,714,016 shares of the technology company's stock valued at $53,665,000 after acquiring an additional 76,567 shares in the last quarter. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Sharmistha Dubey sold 141,149 shares of the firm's stock in a transaction dated Monday, February 12th. The disclosure for this sale can be found here. (NASDAQ:MTCH) also have significant role in eyes of active investors, it has price to earnings growth of 2.12, which is a valuation metric for determining relative trade-off among price of a stock. 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 during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in Match Group by 211.7% in the 4th quarter.

On 2/12/2018 Jared F Sine, General Counsel, sold 9,953 with an average share price of $38.19 per share and the total transaction amounting to $380,105.07. Match Group earned a coverage optimism score of 0.18 on Accern's scale. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company's stock worth $117,000 after acquiring an additional 3,600 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Match Group by 21.9% in the 2nd quarter. Alliancebernstein L.P. now owns 44,157 shares of the technology company's stock worth $767,000 after acquiring an additional 12,070 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Match Group in the fourth quarter worth approximately $209,000.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Marea Informative and is the property of of Marea Informative. If you are reading this story on another website, it was copied illegally and reposted in violation of U.S. and global copyright & trademark legislation.

Match Group, Inc. provides dating products. The firm operates in two divisions, Dating and Non-dating.