Match Group Inc (NASDAQ:MTCH) was the recipient of a large growth in short interest in December. As of December 29th, there was short interest totalling 22,382,837 shares, a growth of 5.4% from the December 15th total of 21,228,850 shares. Currently, 45.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,144,485 shares, the short-interest ratio is currently 19.6 days.
Shares of Match Group (NASDAQ:MTCH) traded down $0.55 on Friday, hitting $34.71. The company’s stock had a trading volume of 1,292,852 shares, compared to its average volume of 1,260,000. Match Group has a twelve month low of $15.42 and a twelve month high of $35.51. The firm has a market cap of $9,330.00 and a P/E ratio of 23.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The company had revenue of $343.40 million during the quarter, compared to analyst estimates of $329.19 million. Match Group had a return on equity of 31.18% and a net margin of 34.06%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share. equities analysts expect that Match Group will post 0.62 EPS for the current year.
In other news, Director Ann Mcdaniel sold 11,119 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $30.62, for a total transaction of $340,463.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 18.10% of the company’s stock.
Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its position in shares of Match Group by 15.9% during the 2nd 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 last quarter. Private Advisor Group LLC increased its position in shares of Match Group by 122.3% during the 3rd 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 last quarter. GMT Capital Corp increased its position in shares of Match Group by 20.6% during the 3rd 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 last quarter. Commonwealth Bank of Australia increased its position in shares of Match Group by 77.4% during the 3rd 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 last quarter. Finally, Koch Industries Inc. increased its position in shares of Match Group by 1,409.6% during the 2nd quarter. Koch Industries Inc. now owns 566,085 shares of the technology company’s stock worth $535,000 after purchasing an additional 528,585 shares during the last quarter. 20.94% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on MTCH shares. Evercore ISI started coverage on Match Group in a report on Tuesday, December 5th. They issued an “outperform” rating and a $34.00 price objective on the stock. BidaskClub upgraded Match Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Wells Fargo & Co restated an “outperform” rating and issued a $38.00 price objective (up previously from $33.00) on shares of Match Group in a report on Monday, January 8th. Zacks Investment Research lowered Match Group from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Finally, Deutsche Bank restated a “buy” rating and issued a $33.00 price objective on shares of Match Group in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Match Group presently has a consensus rating of “Buy” and a consensus price target of $33.54.
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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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