Match Group Inc (MTCH) was Upgraded by JP Morgan to ” Overweight” and the brokerage firm has set the Price Target at $19. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Jul 28, 2016.
On the company’s financial health, Match Group Inc reported $0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $285.30 million for the quarter, compared to analysts expectations of $281.08 million. The company’s revenue was up 21.4% compared to the same quarter last year.
In a different news, on Jun 7, 2016, Sam Yagan (CEO, Match Group) sold 200,000 shares at $13.24 per share price. According to the SEC, on Nov 23, 2015, Pamela Seymon (director) purchased 10,000 shares at $12.00 per share price. On Nov 23, 2015, Gregg Winiarski (director) purchased 20,000 shares at $12.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Match Group Inc. is engaged in providing dating products. The Company operates through two segments: Dating and Non-dating. The Company operates a portfolio of over 45 brands. The Company through its portfolio of brands provides products to meet the varying preferences of its users. Its Dating segment provides dating products through brands such as Match OkCupid Tinder PlentyOfFish Meetic Twoo OurTime and FriendScout24. The Company’s Non-dating segment provides a range of education services. Through The Princeton Review Non-dating segment offers services including test preparation academic tutoring and college counseling services. The Princeton Review includes Tutor.com which provides online on demand one-on-one tutoring services. The Company offers dating products in approximately 40 languages across over 190 countries.