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MTCH

Match Group

$51.50

0.3 (0.59%)

16:34
11/06/18
11/06
16:34
11/06/18
16:34

Match Group reports Q3 adjusted EPS 39c, consensus 36c

Reports Q3 revenue $444M, consensus $436.65M. Average subscribers increased to 8.1M, a 23% increase over the prior year quarter. The company said, ""Match Group delivered another quarter of strong top and bottom line growth, with Tinder continuing as our growth engine. We are making product and marketing investments in our brands to drive growth across our portfolio. Even with these investments, Match Group is generating significant free cash flow and reducing leverage levels, and we have returned a meaningful amount of capital to shareholders. Today, we are announcing that our Board has declared a special dividend of $2.00 on each share of Match Group common stock and class B common stock. We remain on the lookout for strategically compelling M&A and have the financial flexibility to acquire companies when we find innovative products with long-term potential."

  • 07

    Nov

MTCH Match Group
$51.50

0.3 (0.59%)

10/11/18
NOMU
10/11/18
INITIATION
Target $246
NOMU
Buy
IAC initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Mark Kelley initiated IAC (IAC) with a Buy rating and a price target of $246, saying its shareholders should continue to benefit from the company's core "Liberty roots", strategic acquisitions, and spin-offs. The analyst notes that IAC can continue to create shareholder value based on the upside expected in Match Group (MTCH) of which it owns 81% and ANGI Homeservices (ANGI) of which it owns 87%.
10/11/18
NOMU
10/11/18
INITIATION
NOMU
Buy
Match Group initiated with a Buy at Nomura Instinet
Nomura Instinet analyst Mark Kelley initiated Match Group (MTCH) with a Buy rating and $66 price target. Kelley sees Match remaining the clear leader in online dating, despite Tinder growth, the evolution of other brands such as OKCupid and PlentyOfFish, and Facebook's (FB) recent entry into dating -- which the analyst is not concerned about. Kelley estimates the global dating market, ex-China, will be $12B by 2020, and conservatively expects Match to comprise 20% of the market at that time.
10/12/18
10/12/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Comcast (CMCSA) reinstated with an Overweight at JPMorgan. 2. Abeona Therapeutics (ABEO) initiated with a Buy at Mizuho. 3. Foamix (FOMX) initiated with an Overweight at Cantor Fitzgerald. 4. Match Group (MTCH) and IAC (IAC) were initiated with a Buy at Nomura Instinet while Angi Homeservices (ANGI) was initiated with a Neutral at Nomura Instinet. 5. Terex (TEX) initiated with a Neutral at Longbow. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/05/18
DBAB
11/05/18
NO CHANGE
Target $61
DBAB
Buy
Match Group price target raised to $61 from $56 at Deutsche Bank
Deutsche Bank analyst Kunal Madhukar raised his price target for Match Group to $61 saying his analysis suggests that Match is likely is on track for another beat this quarter versus consensus. The analyst keeps a Buy rating on shares ahead of the company's Q3 results.

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BCRX

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JCP

J.C. Penney

$1.37

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