Match Group (NASDAQ:MTCH) Posts Earnings Results, Beats Expectations By $0.04 EPS

Match Group (NASDAQ:MTCH - Get Free Report) issued its earnings results on Tuesday. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04, Briefing.com reports. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. The company had revenue of $860.00 million during the quarter, compared to the consensus estimate of $855.77 million. During the same period in the previous year, the company posted $0.42 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year.

Match Group Trading Down 5.4 %

Match Group stock traded down $1.69 during trading hours on Wednesday, reaching $29.82. 20,553,516 shares of the stock were exchanged, compared to its average volume of 5,801,081. The company has a market cap of $7.99 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. Match Group has a twelve month low of $27.66 and a twelve month high of $49.24. The stock has a 50 day moving average of $33.77 and a two-hundred day moving average of $34.34.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley cut shares of Match Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. KeyCorp decreased their price target on shares of Match Group from $50.00 to $46.00 and set an "overweight" rating on the stock in a research note on Monday. Raymond James initiated coverage on shares of Match Group in a research report on Thursday, April 4th. They set a "market perform" rating for the company. Piper Sandler reaffirmed an "overweight" rating and issued a $45.00 target price on shares of Match Group in a research report on Wednesday, March 27th. Finally, UBS Group increased their target price on Match Group from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Friday, January 26th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Match Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.82.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.