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Susquehanna Sticks to Its Buy Rating for Match Group (MTCH)

Tipranks - Tipranks - Thu May 7, 7:24AM CDT

In a report released today, from Susquehanna maintained a Buy rating on Match Group, with a price target of $45.00.

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In addition to Susquehanna, Match Group also received a Buy from Barclays’s Ross Sandler in a report issued today. However, on the same day, Truist Financial reiterated a Hold rating on Match Group (NASDAQ: MTCH).

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Based on Match Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $878.01 million and a net profit of $209.65 million. In comparison, last year the company earned a revenue of $860.18 million and had a net profit of $158.3 million

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTCH in relation to earlier this year.

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