Match Group Inc (MTCH) President Sells $5,362,250.51 in Stock

Match Group Inc (NASDAQ:MTCH) President Sharmistha Dubey sold 141,149 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $37.99, for a total value of $5,362,250.51. Following the completion of the sale, the president now directly owns 78,650 shares of the company’s stock, valued at $2,987,913.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Match Group Inc (MTCH) traded up $1.61 during mid-day trading on Tuesday, reaching $39.60. The company had a trading volume of 3,564,259 shares, compared to its average volume of 1,790,000. The company has a market capitalization of $10,820.00 and a PE ratio of 33.00. Match Group Inc has a 52-week low of $15.42 and a 52-week high of $39.66. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). The firm had revenue of $379.00 million during the quarter, compared to the consensus estimate of $362.86 million. Match Group had a return on equity of 30.34% and a net margin of 26.31%. The firm’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. research analysts anticipate that Match Group Inc will post 0.92 EPS for the current fiscal year.

Several research firms have recently weighed in on MTCH. BMO Capital Markets increased their price objective on Match Group from $35.00 to $42.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Zacks Investment Research cut Match Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Citigroup increased their price objective on Match Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday. UBS Group cut Match Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $28.00 to $35.00 in a research report on Thursday, November 9th. Finally, Vetr cut Match Group from a “buy” rating to a “hold” rating and set a $36.09 price objective for the company. in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $36.32.

Hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its position in Match Group by 15.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 119,865 shares of the technology company’s stock worth $2,084,000 after purchasing an additional 16,401 shares during the period. Private Advisor Group LLC lifted its position in Match Group by 122.3% in the third quarter. Private Advisor Group LLC now owns 27,539 shares of the technology company’s stock worth $697,000 after purchasing an additional 15,150 shares during the period. Commonwealth Bank of Australia lifted its position in Match Group by 77.4% in the third quarter. Commonwealth Bank of Australia now owns 35,300 shares of the technology company’s stock worth $814,000 after purchasing an additional 15,400 shares during the period. GMT Capital Corp lifted its position in Match Group by 20.6% in the third quarter. GMT Capital Corp now owns 612,200 shares of the technology company’s stock worth $14,197,000 after purchasing an additional 104,500 shares during the period. Finally, Macquarie Group Ltd. bought a new position in shares of Match Group during the third quarter valued at $8,039,000. 20.72% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/13/match-group-inc-mtch-president-sells-5362250-51-in-stock.html.

About Match Group

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.

Insider Buying and Selling by Quarter for Match Group (NASDAQ:MTCH)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply