Match Group Inc Receives a New Rating from a Top Analyst

By Jason Carr

In a report released yesterday, Jason Helfstein from Oppenheimer assigned a Hold rating to Match Group Inc (NASDAQ: MTCH). The company’s shares closed yesterday at $41.91, close to its 52-week high of $42.48.

According to TipRanks.com, Helfstein is a top 100 analyst with an average return of 17.8% and a 63.4% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, ANGI Homeservices Inc, and Interxion Holding NV.

Currently, the analyst consensus on Match Group Inc is Moderate Buy and the average price target is $40.44, representing a -3.5% downside.

In a report issued on February 7, Susquehanna also reiterated a Hold rating on the stock with a $38 price target.

Match Group Inc’s market cap is currently $11.5B and has a P/E ratio of 35.10. The company has a book value ratio of 22.9345.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock.

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Match Group, Inc. engages in providing dating products. Its brands include: Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24. It operates through the following segments: Dating and Non-Dating. The Dating segment provides dating products.