Insider Selling: Match Group Inc (MTCH) General Counsel Sells 9,953 Shares of Stock

Match Group Inc (NASDAQ:MTCH) General Counsel Jared F. Sine sold 9,953 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $38.19, for a total value of $380,105.07. Following the completion of the sale, the general counsel now directly owns 25,000 shares of the company’s stock, valued at $954,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Match Group Inc (NASDAQ:MTCH) traded up $2.31 during mid-day trading on Wednesday, reaching $41.91. The company’s stock had a trading volume of 6,086,237 shares, compared to its average volume of 2,011,527. 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 Inc has a 12 month low of $15.42 and a 12 month high of $42.48. The firm has a market capitalization of $11,450.00 and a P/E ratio of 34.93.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The business had revenue of $379.00 million for the quarter, compared to analyst estimates of $362.86 million. Match Group had a return on equity of 30.34% and a net margin of 26.31%. The business’s quarterly revenue was up 28.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. analysts anticipate that Match Group Inc will post 0.91 earnings per share for the current fiscal year.

Several analysts recently weighed in on MTCH shares. Wells Fargo & Co reissued a “buy” rating and issued a $29.00 price objective (up from $21.00) on shares of Match Group in a report on Thursday, October 19th. Barclays boosted their price objective on Match Group from $20.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research lowered Match Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Piper Jaffray Companies reissued an “overweight” rating and issued a $33.00 price objective (up from $28.00) on shares of Match Group in a report on Wednesday, November 8th. Finally, UBS Group downgraded Match Group from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $28.00 to $35.00 in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Match Group has an average rating of “Buy” and a consensus target price of $36.32.

Several hedge funds and other institutional investors have recently modified their holdings of MTCH. Cubist Systematic Strategies LLC boosted its position in shares of Match Group by 499.8% during the second quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock worth $111,000 after buying an additional 5,333 shares during the period. Public Employees Retirement Association of Colorado boosted its position in shares of Match Group by 211.7% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after buying an additional 2,434 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Match Group by 2,627.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock worth $117,000 after buying an additional 3,600 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Match Group by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after buying an additional 519 shares during the period. Finally, Delpha Capital Management LLC acquired a new position in shares of Match Group during the fourth quarter worth approximately $138,000. Institutional investors and hedge funds own 20.72% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Match Group Inc (MTCH) General Counsel Sells 9,953 Shares of Stock” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/14/insider-selling-match-group-inc-mtch-general-counsel-sells-9953-shares-of-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)

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