News headlines about Match Group (NASDAQ:MTCH) have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Match Group earned a media sentiment score of -0.09 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 43.0439112617545 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern’s rankings:
Shares of NASDAQ MTCH traded up $1.31 during mid-day trading on Monday, hitting $43.42. 1,163,159 shares of the stock traded hands, compared to its average volume of 1,980,464. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.50. Match Group has a twelve month low of $16.57 and a twelve month high of $47.10. The company has a market cap of $11,552.04, a price-to-earnings ratio of 83.50, a price-to-earnings-growth ratio of 3.25 and a beta of 0.28.
Match Group (NASDAQ:MTCH) last released 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). Match Group had a net margin of 26.31% and a return on equity of 31.33%. The firm had revenue of $379.00 million for the quarter, compared to analyst estimates of $362.86 million. During the same period last year, the business earned $0.29 EPS. The company’s revenue was up 28.5% compared to the same quarter last year. research analysts anticipate that Match Group will post 1.04 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the company. UBS downgraded Match Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $46.79 to $35.00 in a report on Thursday, March 15th. Guggenheim downgraded Match Group from a “buy” rating to a “neutral” rating in a report on Wednesday, March 21st. Zacks Investment Research raised Match Group from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Saturday, March 10th. Wells Fargo downgraded Match Group from an “outperform” rating to a “market perform” rating in a report on Friday, March 9th. Finally, ValuEngine downgraded Match Group from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $39.32.
In related news, Director Gregory R. Blatt sold 456,673 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total transaction of $18,134,484.83. Following the sale, the director now owns 2,504,859 shares of the company’s stock, valued at approximately $99,467,950.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann Mcdaniel sold 5,676 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $40.09, for a total value of $227,550.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 721,437 shares of company stock worth $28,580,747. 18.10% of the stock is currently owned by company insiders.
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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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