Match Group Inc. (NASDAQ:MTCH – Get Free Report) CAO Philip Eigenmann sold 15,000 shares of Match Group stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $41.70, for a total transaction of $625,500.00. Following the completion of the sale, the chief accounting officer owned 19,389 shares of the company’s stock, valued at $808,521.30. This trade represents a 43.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Match Group Stock Up 0.9%
NASDAQ MTCH opened at $41.58 on Friday. The firm has a 50-day moving average price of $38.61 and a two-hundred day moving average price of $35.27. Match Group Inc. has a 12-month low of $28.81 and a 12-month high of $42.49. The company has a market capitalization of $9.54 billion, a P/E ratio of 14.69, a P/E/G ratio of 0.60 and a beta of 1.30.
Match Group (NASDAQ:MTCH – Get Free Report) last announced its earnings results on Tuesday, August 4th. The technology company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The company had revenue of $853.11 million for the quarter, compared to analysts’ expectations of $857.77 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts expect that Match Group Inc. will post 3.31 EPS for the current year.
Match Group Dividend Announcement
Analyst Ratings Changes
A number of research firms have recently weighed in on MTCH. Truist Financial upped their target price on Match Group from $37.00 to $41.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on Match Group in a research report on Monday, August 24th. They issued a “neutral” rating and a $43.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of Match Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Zacks Research upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada raised their target price on shares of Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Match Group currently has an average rating of “Moderate Buy” and a consensus target price of $42.46.
Check Out Our Latest Research Report on MTCH
Hedge Funds Weigh In On Match Group
Hedge funds and other institutional investors have recently modified their holdings of the business. Activest Wealth Management lifted its position in shares of Match Group by 6,523.1% during the 4th quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after buying an additional 848 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Match Group in the third quarter worth about $28,000. Whittier Trust Co. boosted its stake in shares of Match Group by 91.3% in the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock valued at $29,000 after purchasing an additional 431 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Match Group by 53.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after purchasing an additional 356 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Match Group by 1,319.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 951 shares of the technology company’s stock valued at $36,000 after purchasing an additional 884 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.
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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