Match Group Inc (NASDAQ:MTCH) insider Philip D. Eigenmann sold 10,816 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $41.72, for a total value of $451,243.52. Following the transaction, the insider now owns 21,686 shares of the company’s stock, valued at approximately $904,739.92. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Match Group Inc (NASDAQ MTCH) traded down $0.19 during midday trading on Wednesday, hitting $41.91. The stock had a trading volume of 2,570,570 shares, compared to its average volume of 2,070,000. The company has a market cap of $11,450.00 and a PE ratio of 34.93. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. Match Group Inc has a 12 month low of $15.42 and a 12 month high of $43.52.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The company had revenue of $379.00 million during the quarter, compared to the consensus estimate of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 30.34%. Match Group’s revenue was up 28.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. sell-side analysts anticipate that Match Group Inc will post 0.91 earnings per share for the current fiscal year.
MTCH has been the subject of a number of research reports. Wells Fargo & Co reiterated a “buy” rating on shares of Match Group in a report on Tuesday, November 7th. Zacks Investment Research cut Match Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Piper Jaffray Companies reiterated an “overweight” rating and set a $33.00 target price (up previously from $28.00) on shares of Match Group in a report on Wednesday, November 8th. UBS Group cut Match Group from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $28.00 to $35.00 in a report on Thursday, November 9th. Finally, Citigroup reiterated a “buy” rating and set a $35.00 target price on shares of Match Group in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $36.51.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Match Group by 34.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after acquiring an additional 1,617,950 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Match Group by 163.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,649,016 shares of the technology company’s stock valued at $82,940,000 after acquiring an additional 1,645,294 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Match Group by 4.7% in the 4th quarter. BlackRock Inc. now owns 1,714,016 shares of the technology company’s stock valued at $53,665,000 after acquiring an additional 76,567 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Match Group by 356.0% in the 4th quarter. Macquarie Group Ltd. now owns 1,580,750 shares of the technology company’s stock valued at $49,494,000 after acquiring an additional 1,234,092 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Match Group by 306.1% in the 4th quarter. First Trust Advisors LP now owns 1,431,403 shares of the technology company’s stock valued at $44,817,000 after acquiring an additional 1,078,925 shares in the last quarter. Institutional investors own 21.35% of the company’s stock.
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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.
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