Match Group Inc (MTCH) was Reiterated by Axiom Capital to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 21 from a previous price target of $18 . Axiom Capital advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on Match Group Inc. JP Morgan Upgraded Match Group Inc on Jul 28, 2016 to ” Overweight”, Price Target of the shares are set at $19.
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 Aug 24, 2016, Amarnath Thombre (Chief Strategy Officer) sold 44,385 shares at $16.01 per share price. According to the SEC, on Aug 11, 2016, Sam Yagan (CEO, Match Group) sold 1,505,985 shares at $16.52 per share price. On Aug 2, 2016, Jeffrey Dawson (CFO, Dating) sold 227,415 shares at $15.56 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.