Match Group, Inc. (NASDAQ:MTCH – Get Free Report) insider Jared F. Sine sold 500 shares of Match Group stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $35.98, for a total transaction of $17,990.00. Following the transaction, the insider now directly owns 29,852 shares in the company, valued at approximately $1,074,074.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Match Group Price Performance
MTCH traded down $0.55 on Wednesday, hitting $35.86. 11,633,915 shares of the stock were exchanged, compared to its average volume of 10,426,308. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 0.56 and a beta of 1.46. Match Group, Inc. has a 12 month low of $27.85 and a 12 month high of $54.60. The business has a 50-day moving average of $32.82 and a two-hundred day moving average of $39.20.
Match Group (NASDAQ:MTCH – Get Free Report) last posted its quarterly earnings results on Tuesday, October 31st. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.04. The company had revenue of $882.00 million during the quarter, compared to analysts’ expectations of $879.85 million. Match Group had a negative return on equity of 173.16% and a net margin of 15.42%. Match Group’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Equities research analysts expect that Match Group, Inc. will post 1.93 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Match Group from $50.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. StockNews.com upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Bank of America initiated coverage on shares of Match Group in a research note on Thursday, October 19th. They set a “buy” rating and a $52.00 price objective for the company. Barclays dropped their target price on Match Group from $56.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, November 2nd. Finally, Royal Bank of Canada lowered their price target on Match Group from $52.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.31.
Institutional Investors Weigh In On Match Group
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S grew its position in Match Group by 19.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,307 shares of the technology company’s stock worth $165,000 after acquiring an additional 711 shares during the last quarter. Wittenberg Investment Management Inc. acquired a new position in Match Group in the 1st quarter valued at approximately $910,000. Janney Montgomery Scott LLC raised its stake in shares of Match Group by 44.3% during the second quarter. Janney Montgomery Scott LLC now owns 53,206 shares of the technology company’s stock valued at $2,227,000 after acquiring an additional 16,346 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Match Group by 2.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,565 shares of the technology company’s stock worth $2,032,000 after purchasing an additional 1,216 shares during the period. Finally, Cibc World Market Inc. bought a new stake in shares of Match Group in the second quarter worth $767,000. 93.56% of the stock is owned by institutional investors.
Match Group Company Profile
Match Group, Inc provides dating products worldwide. The company’s portfolio of brands includes Tinder, Match, The League, Azar, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and Hakuna, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.