Match Group Company Profile (NASDAQ:MTCH)

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

Match Group declared that its Board of Directors has initiated a share repurchase program on Sunday, June 4th 2017, which allows the company to buyback 6,000,000 shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Match Group, Inc. (NASDAQ:MTCH) issued its quarterly earnings results on Tuesday, August, 1st. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.19 by $0.03. The firm had revenue of $309.57 million for the quarter, compared to analysts' expectations of $310.36 million. Match Group had a return on equity of 34.49% and a net margin of 16.21%. Match Group's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 earnings per share. 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 brokers have issued 12 month price targets for Match Group's stock. Their forecasts range from $16.00 to $28.00. On average, they anticipate Match Group's share 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 Advanced Micro Devices (AMD), Synopsys (SNPS), Shopify (SHOP), Citrix Systems (CTXS), NetApp (NTAP), Square (SQ), Cadence Design Systems (CDNS), Yandex N.V. (YNDX), Juniper Networks (JNPR), MSCI (MSCI), VeriSign (VRSN), Sage Group PLC (SGPYY), ANSYS (ANSS), Advanced Semiconductor Engineering (ASX), CenturyLink (CTL), Mobile TeleSystems OJSC (MBT), IPG Photonics Corporation (IPGP) 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 (IPO) on Thursday, November 19th 2015. The company issued 33,300,000 shares at $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 number of of retail and institutional 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 acquired 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 $24.15.