Match Group Inc. (NASDAQ:MTCH – Get Free Report) Director Stephen Bailey sold 4,760 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $42.26, for a total value of $201,157.60. Following the completion of the sale, the director owned 11,742 shares in the company, valued at $496,216.92. This represents a 28.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Match Group Trading Up 0.9%
MTCH traded up $0.36 during mid-day trading on Friday, hitting $41.58. 2,173,409 shares of the stock were exchanged, compared to its average volume of 4,137,426. The firm’s fifty day moving average is $38.49 and its two-hundred day moving average is $35.22. Match Group Inc. has a 1-year low of $28.81 and a 1-year high of $42.49. The company has a market cap of $9.54 billion, a PE ratio of 14.69, a PEG ratio of 0.62 and a beta of 1.30.
Match Group (NASDAQ:MTCH – Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. The company had revenue of $853.11 million during the quarter, compared to the consensus estimate of $857.77 million. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%.Match Group’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. As a group, research analysts anticipate that Match Group Inc. will post 3.31 earnings per share for the current year.
Match Group Announces Dividend
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $40.00 target price on shares of Match Group in a report on Wednesday, August 5th. Royal Bank Of Canada boosted their price target on shares of Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Citigroup upped their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company increased their price objective on Match Group from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Wall Street Zen lowered Match Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.46.
Read Our Latest Analysis on MTCH
Institutional Trading of Match Group
A number of large investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in shares of Match Group by 1.9% during the 2nd quarter. Versant Capital Management Inc now owns 15,463 shares of the technology company’s stock worth $588,000 after purchasing an additional 289 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Match Group by 3.1% during the 1st quarter. Bessemer Group Inc. now owns 10,327 shares of the technology company’s stock worth $317,000 after acquiring an additional 311 shares in the last quarter. Bollard Group LLC raised its position in shares of Match Group by 0.6% during the 1st quarter. Bollard Group LLC now owns 52,928 shares of the technology company’s stock worth $1,625,000 after acquiring an additional 322 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Match Group by 8.2% during the second quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after purchasing an additional 326 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Match Group by 53.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after purchasing an additional 356 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.
About Match Group
Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.
Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.
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