Match Group Company Profile (NASDAQ:MTCH)

Match Group trades on the NASDAQ under the ticker symbol "MTCH."

Match Group declared that its board has authorized a stock repurchase plan on Sunday, June 4th 2017, which permits the company to buyback 6,000,000 shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Match Group, Inc. (NASDAQ:MTCH) released its quarterly earnings data on Tuesday, August, 1st. The company reported $0.16 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.03. The firm earned $309.57 million during the quarter, compared to the consensus estimate of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The firm's revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. View Match Group's Earnings History.

Match Group is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Match Group.

14 brokerages have issued 12-month target prices for Match Group's stock. Their forecasts range from $16.00 to $28.00. On average, they anticipate Match Group's stock price to reach $21.18 in the next twelve months. View Analyst Ratings for Match Group.

Here are some recent quotes from research analysts about Match Group stock:

• 1. According to Zacks Investment Research, "Match Group, Inc. offers subscription-based online dating websites and applications services. The company's dating products brands consists of Match, OkCupid, Tinder, PlentyOfFish, Meetic, Twoo, OurTime and FriendScout24. Match Group, Inc. is headquartered in Dallas, Texas. " (8/5/2017)
• 2. Jefferies Group LLC analysts commented, "MTCH remains one of our top mid cap picks and we believe recent weakness presents a buying opportunity. Stock is down ~10% in June on no news and is up just 2% YTD, vs the Internet peer group up ~25%. We believe MTCH is undervalued, trading at ~9.5x ’18 EBITDA while growing EBITDA 15% (’17-’20)." (6/22/2017)

Some companies that are related to Match Group include Synopsys (SNPS), Zte Corp. (ZTCOY), Shopify (SHOP), Citrix Systems (CTXS), NetApp (NTAP), Square (SQ), Cadence Design Systems (CDNS), Mobile TeleSystems OJSC (MBT), Sage Group Unspon (SGPYY), VeriSign (VRSN), Juniper Networks (JNPR), ANSYS (ANSS), Yandex N.V. (YNDX), MSCI (MSCI), LG Display Co. (LPL), CenturyLink (CTL), Advanced Semiconductor Engineering (ASX) and Trimble Navigation (TRMB).

Match Group's management team includes the folowing people:

• Gregory R. Blatt, Chairman of the Board
• Gary Swidler, Chief Financial Officer
• Sandra J. Martin CPA, Chief Accounting Officer
• Jared F. Sine, General Counsel, Secretary
• Amarnath Thombre, Chief Strategy Officer
• Sam Yagan, Non-Executive Vice Chairman of the Board
• Joseph Levin, Director
• Glenn H. Schiffman, Director
• Mark J. Stein, Director
• Gregg Winiarski, Director

(MTCH) raised $433 million in an initial public offering on Thursday, November 19th 2015. The company issued 33,300,000 shares at a price of $12.00-$14.00 per share. J.P. Morgan, Allen & Company, BofA Merrill Lynch, Deutsche Bank Securities, BMO Capital Markets, Barclays and BNP PARIBAS served as the underwriters for the IPO and Cowen and Company, Oppenheimer, PNC Capital Markets, SOCIETE GENERALE and Fifth Third Securities were co-managers.

Match Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (2.39%), JPMorgan Chase & Co. (2.05%), Schroder Investment Management Group (1.67%), Light Street Capital Management LLC (4.40%), Voya Investment Management LLC (3.20%) and Mik Capital LLC (0.51%). Company insiders that own Match Group stock include Amarnath Thombre, Jared F Sine, Jeffrey Dawson and Sam Yagan. View Institutional Ownership Trends for Match Group.

Match Group's stock was sold by a variety of institutional investors in the last quarter, including Fred Alger Management Inc., Schroder Investment Management Group, First Trust Advisors LP, Ulysses Management LLC, Ameriprise Financial Inc., Scout Investments Inc., River Road Asset Management LLC and Lucha Capital Management LP. Company insiders that have sold Match Group stock in the last year include Amarnath Thombre, Jared F Sine and Sam Yagan. View Insider Buying and Selling for Match Group.

Match Group's stock was bought by a variety of institutional investors in the last quarter, including Light Street Capital Management LLC, Vanguard Group Inc., Mik Capital LLC, black and white Capital LP, First Manhattan Co., Koch Industries Inc., GMT Capital Corp and Zurcher Kantonalbank Zurich Cantonalbank. View Insider Buying and Selling for Match Group.

Shares of Match Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Match Group stock can currently be purchased for approximately $23.63.