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Raymond James Sticks to Their Hold Rating for Match Group (MTCH)

Tipranks - Tipranks - Fri May 8, 1:16AM CDT

Raymond James analyst maintained a Hold rating on Match Group yesterday. The company’s shares closed yesterday at $38.00.

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In addition to Raymond James, Match Group also received a Hold from BTIG’s Jake Fuller in a report issued yesterday. However, on the same day, Barclays maintained a Buy 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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