JP Morgan Upgrades Match Group Inc to Overweight

Brokerage firm JP Morgan Upgrades its rating on Match Group Inc(NASDAQ:MTCH). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by JP Morgan was issued on Jul 28, 2016.

Match Group Inc(MTCH) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $301.12M. Analysts had an estimated revenue of $295.12M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Sam Yagan (CEO, Match Group) sold 200,000 shares at $13.24 per share price.Also, On Nov 23, 2015, Pamela Seymon (director) purchased 10,000 shares at $12.00 per share price.On Nov 23, 2015, Gregg Winiarski (director) purchased 20,000 shares at $12.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Match Group Inc. is engaged in providing dating products. The Company operates through two segments: Dating and Non-dating. The Company operates a portfolio of over 45 brands. The Company through its portfolio of brands provides products to meet the varying preferences of its users. Its Dating segment provides dating products through brands such as Match OkCupid Tinder PlentyOfFish Meetic Twoo OurTime and FriendScout24. The Company’s Non-dating segment provides a range of education services. Through The Princeton Review Non-dating segment offers services including test preparation academic tutoring and college counseling services. The Princeton Review includes which provides online on demand one-on-one tutoring services. The Company offers dating products in approximately 40 languages across over 190 countries.

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