Match Group Inc Got Some Good News


Jefferies analyst Brent Thill upgraded Match Group Inc (NASDAQ: MTCH) to Buy today and set a price target of $50. The company’s shares closed on Friday at $41.52.

According to TipRanks.com, Thill is a top 100 analyst with an average return of 18.1% and a 75.4% success rate. Thill covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Wix.com Ltd, and Facebook.

Currently, the analyst consensus on Match Group Inc is Moderate Buy and the average price target is $45.67, representing a 10.0% upside.

In a report issued on May 30, Deutsche Bank also assigned a Buy rating to the stock with a $47 price target.

See today’s analyst top recommended stocks >>

Based on Match Group Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $99.74 million. In comparison, last year the company had a net profit of $20.95 million.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Match Group, Inc. engages in providing dating products. Its brands include: Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24. It operates through the following segments: Dating and Non-Dating. The Dating segment provides dating products.

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