Citigroup Initiates Coverage On Match Group Inc to Buy with Price Target $22

Citigroup Initiates Coverage On Match Group Inc(MTCH). In a research note issued to the investors, the brokerage major Announces the price-target to $22 per share. The shares have been rated Buy. The rating by the stock financial advisor at Citigroup was issued on Mar 27, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 20, 2017, Guggenheim said it Downgrades its rating on Match Group Inc. The shares have been rated ‘Neutral’ by the firm.

Match Group Inc (MTCH) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.63% at a volume of 5,04,308. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.1499. The peak price level was also seen at $16.1499 while the days lowest was $15.86. Finally the shares closed at $15.88. The 52-week high of the shares is $19.74 while the 52-week low is $10.06. According to the latest information available, the market cap of the company is $4,065 M.

Match Group Inc(MTCH) last announced its earnings results on Nov 1, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $316.45M. Analysts had an estimated revenue of $318.07M. Earnings per share were $0.23. The reported EPS was above estimates by $0.04 or 21.05%. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Aug 24, 2016, Amarnath Thombre (Chief Strategy Officer) sold 44,385 shares at $16.01 per share price.Also, 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.

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