Match Group, Inc. (MTCH) Scheduled to Post Earnings on Tuesday
Match Group, Inc. (NASDAQ:MTCH) is set to post its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Match Group to post earnings of $0.21 per share for the quarter.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, August 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). Match Group had a net margin of 16.21% and a return on equity of 34.49%. The company had revenue of $309.57 million during the quarter, compared to analysts’ expectations of $310.36 million. During the same period last year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts expect Match Group to post $0.63 EPS for the current fiscal year and $0.82 EPS for the next fiscal year.
Shares of Match Group, Inc. (NASDAQ MTCH) traded up 0.42% on Tuesday, reaching $26.32. 191,648 shares of the company’s stock were exchanged. The company has a market capitalization of $6.90 billion, a P/E ratio of 37.44 and a beta of 0.56. The stock’s 50-day moving average price is $24.62 and its 200-day moving average price is $20.35. Match Group, Inc. has a 1-year low of $15.08 and a 1-year high of $26.45.
In related news, Vice Chairman Sam Yagan sold 684,583 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $21.95, for a total value of $15,026,596.85. Following the sale, the insider now directly owns 464,963 shares in the company, valued at approximately $10,205,937.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Jared F. Sine sold 64,436 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total transaction of $1,318,360.56. Following the completion of the sale, the general counsel now owns 64,436 shares in the company, valued at $1,318,360.56. The disclosure for this sale can be found here. Insiders sold a total of 902,498 shares of company stock worth $19,287,878 over the last quarter. Insiders own 18.10% of the company’s stock.
An institutional investor recently raised its position in Match Group stock. The Manufacturers Life Insurance Company increased its holdings in Match Group, Inc. (NASDAQ:MTCH) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,525 shares of the technology company’s stock after purchasing an additional 519 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Match Group were worth $131,000 at the end of the most recent quarter. Institutional investors own 19.92% of the company’s stock.
A number of analysts have commented on the stock. BMO Capital Markets restated an “outperform” rating and set a $30.00 price target (up from $21.00) on shares of Match Group in a research report on Friday, October 13th. Cowen and Company restated an “outperform” rating and set a $28.00 price target (up from $22.00) on shares of Match Group in a research report on Friday, October 13th. BidaskClub downgraded shares of Match Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and set a $28.00 price target on shares of Match Group in a research report on Saturday, September 30th. Finally, Zacks Investment Research downgraded shares of Match Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $26.46.
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Match Group Company Profile
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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