Match Group (NASDAQ:MTCH) Director Purchases $97,075.00 in Stock

Match Group Inc. (NASDAQ:MTCH – Get Free Report) Director Glenn Schiffman purchased 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were purchased at an average price of $38.83 per share, for a total transaction of $97,075.00. Following the completion of the acquisition, the director owned 72,059 shares of the company’s stock, valued at $2,798,050.97. The trade was a 3.59% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Glenn Schiffman also recently made the following trade(s):

  • On Tuesday, August 11th, Glenn Schiffman acquired 3,000 shares of Match Group stock. The stock was purchased at an average price of $36.63 per share, with a total value of $109,890.00.

Match Group Stock Up 4.2%

Match Group stock opened at $41.63 on Thursday. Match Group Inc. has a 52 week low of $28.81 and a 52 week high of $46.67. The company’s 50 day moving average price is $42.01 and its two-hundred day moving average price is $36.83. The stock has a market cap of $9.56 billion, a P/E ratio of 12.93, a P/E/G ratio of 0.61 and a beta of 1.47.

Match Group (NASDAQ:MTCH – Get Free Report) last announced its earnings results on Monday, November 2nd. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $891.23 million for the quarter, compared to the consensus estimate of $892.45 million. Match Group had a negative return on equity of 361.92% and a net margin of 20.69%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 EPS. On average, equities analysts anticipate that Match Group Inc. will post 3.19 EPS for the current year.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 21st. Shareholders of record on Wednesday, January 6th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, January 6th. This represents a $0.80 annualized dividend and a yield of 1.9%. Match Group’s payout ratio is currently 27.21%.

Institutional Investors Weigh In On Match Group

Hedge funds have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. lifted its stake in Match Group by 0.6% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 4,092,303 shares of the technology company’s stock valued at $164,306,000 after purchasing an additional 23,694 shares during the last quarter. Private Wealth Asset Management LLC purchased a new stake in Match Group in the third quarter worth $479,000. Ieq Capital LLC increased its position in Match Group by 1.1% in the third quarter. Ieq Capital LLC now owns 644,034 shares of the technology company’s stock worth $25,858,000 after buying an additional 6,967 shares during the last quarter. Focus Advisor Solutions LLC raised its stake in shares of Match Group by 117.8% in the third quarter. Focus Advisor Solutions LLC now owns 47,082 shares of the technology company’s stock valued at $1,890,000 after buying an additional 25,469 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Match Group by 3.0% in the third quarter. Voya Investment Management LLC now owns 37,819 shares of the technology company’s stock valued at $1,518,000 after buying an additional 1,100 shares during the period. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

MTCH has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Match Group from $38.00 to $43.00 and gave the company a “neutral” rating in a research note on Tuesday, November 3rd. Needham & Company LLC upgraded Match Group to a “buy” rating in a research note on Tuesday, November 3rd. Evercore upgraded Match Group from a “cautious” rating to an “outperform” rating and set a $53.00 target price on the stock in a research note on Monday, October 19th. Weiss Ratings raised shares of Match Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Citigroup increased their price target on shares of Match Group from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, November 3rd. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.64.

View Our Latest Analysis on MTCH

About Match Group

(Get Free Report)

Match Group, Inc. is a global provider of online dating products and services. Its portfolio includes Tinder, Hinge, Match, OkCupid, Plenty of Fish, Meetic, and OurTime, among other brands. These services help people meet and build relationships through mobile apps and websites, with features and subscription options that vary by brand and market. The company serves users in countries around the world. Its brands are designed for different audiences and dating preferences, from broad-based platforms to services focused on particular age groups or regions.

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