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Match Group Inc (MTCH) Received its Third Buy in a Row


After Nomura and Deutsche Bank gave Match Group Inc (NASDAQ: MTCH) a Buy rating last month, the company received another Buy, this time from Aegis Capital. Analyst Victor Anthony maintained a Buy rating on Match Group Inc yesterday and set a price target of $62. The company’s shares closed yesterday at $42.71.

According to TipRanks.com, Anthony is a top 100 analyst with an average return of 16.5% and a 65.7% success rate. Anthony covers the Services sector, focusing on stocks such as Qurate Retail Group Inc, comScore, and Cimpress.

Currently, the analyst consensus on Match Group Inc is a Moderate Buy with an average price target of $59.83, a 40.1% upside from current levels. In a report issued on November 5, Deutsche Bank also maintained a Buy rating on the stock with a $61 price target.

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Match Group Inc’s market cap is currently $12.16B and has a P/E ratio of 35.92. The company has a Price to Book ratio of 18.63.

Based on the recent corporate insider activity of 38 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.