Match Group Inc. (MTCH) Trading 2.3% Higher
Match Group Inc. (NASDAQ:MTCH) shares traded up 2.3% during trading on Wednesday . The stock traded as high as $16.47 and last traded at $16.32, with a volume of 485,484 shares traded. The stock had previously closed at $15.96.
Several research analysts recently commented on the company. Wells Fargo & Co. reiterated a “buy” rating on shares of Match Group in a research note on Monday, August 29th. Axiom Securities reiterated a “buy” rating on shares of Match Group in a research note on Monday, August 22nd. Zacks Investment Research cut Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 30th. Deutsche Bank AG boosted their price target on Match Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Finally, JPMorgan Chase & Co. upgraded Match Group from a “neutral” rating to an “overweight” rating and set a $19.00 price target on the stock in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.15.
The company has a market capitalization of $4.19 billion and a P/E ratio of 35.03. The company’s 50-day moving average is $15.81 and its 200-day moving average is $13.96.
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Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $301.12 million for the quarter, compared to analyst estimates of $295.12 million. Match Group’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities research analysts predict that Match Group Inc. will post $0.73 EPS for the current fiscal year.
In other news, CFO Jeffrey Dawson sold 227,415 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $15.56, for a total value of $3,538,577.40. Following the sale, the chief financial officer now directly owns 151,514 shares of the company’s stock, valued at $2,357,557.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Amarnath Thombre sold 2,632 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $16.76, for a total value of $44,112.32. Following the completion of the sale, the insider now directly owns 2,632 shares in the company, valued at $44,112.32. The disclosure for this sale can be found here. Company insiders own 19.90% of the company’s stock.
Several large investors have recently modified their holdings of MTCH. Envestnet Asset Management Inc. increased its stake in shares of Match Group by 73.8% in the first quarter. Envestnet Asset Management Inc. now owns 11,840 shares of the company’s stock valued at $131,000 after buying an additional 5,026 shares in the last quarter. Invictus RG acquired a new stake in shares of Match Group during the first quarter valued at about $152,000. Pacad Investment Ltd. acquired a new stake in shares of Match Group during the first quarter valued at about $153,000. AHL Partners LLP acquired a new stake in shares of Match Group during the second quarter valued at about $160,000. Finally, Alpine Partners VI LLC acquired a new stake in shares of Match Group during the first quarter valued at about $177,000. 15.80% of the stock is currently owned by institutional investors.
Match Group Company Profile
Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services.
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