Analyst's Predictions on LendingClub Corporation (LC), Match Group, Inc. (MTCH)

Share

Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. 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. Guggenheim cut shares of Match Group from a buy rating to a neutral rating in a research report on Wednesday, March 21st. About 6.81 million shares traded or 142.22% up from the average. Macquarie Group Ltd. raised its holdings in Match Group by 356.0% during the 4th quarter. Energy stocks got a boost from the price of crude oil, which climbed back above $70 a barrel a day after the US moved to withdraw from a nuclear accord with Iran.

Several other analysts have also recently issued reports on the stock. In the last ninety days, insiders have sold 721,437 shares of company stock worth $28,580,747. Jefferies Group now has $21.00 price target on the technology company's stock. Following the completion of the sale, the president now owns 78,650 shares of the company's stock, valued at approximately $2,987,913.50. The disclosure for this sale can be found here. (NASDAQ:MTCH) displayed a change of 1.59% after which it closed the day' session at $12.45. BlackRock Inc. now owns 1,714,016 shares of the technology company's stock valued at $53,665,000 after buying an additional 76,567 shares during the last quarter.

NASDAQ:MTCH opened at $34.82 on Monday. For example, if the company invests $1 in the form of equity, it will generate $0.7 in earnings from this. Match Group has a 12 month low of $16.57 and a 12 month high of $48.65. Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share. Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances. The Return on Equity (ROE) and Return on Investment values are 63 percent and 30.9 percent respectively. The business had revenue of $407.40 million for the quarter, compared to analysts' expectations of $384.81 million. The overall volume in the last trading session was 4.6 million shares. On average, analysts expect Match Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

A number of equities analysts have weighed in on MTCH shares. The firm has "Buy" rating given on Wednesday, May 2 by Cowen & Co. ValuEngine cut shares of Match Group from a buy rating to a hold rating in a research report on Monday, April 2nd. The firm has "Hold" rating by Jefferies given on Wednesday, May 2. Finally, Zacks Investment Research lowered Match Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday. The stock presently has an average rating of Hold and an average price target of $37.88. The value there would make it reasonable for the investors to decide the dimensions of Match Group, Inc. not at all like the standard sales or statistics of their aggregate resources. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs.

The Dallas-based company said it had net income of 33 cents per share.

Want to see what other hedge funds are holding MTCH?

Share