Media headlines about Match Group (NASDAQ:MTCH) have been trending positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Match Group earned a news impact score of 0.27 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.6312132876212 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Comparing Match Group (MTCH) & Jiayuan.com International (DATE) (americanbankingnews.com)
- BMO Capital Markets Reaffirms “Buy” Rating for Match Group, Inc. (MTCH) (americanbankingnews.com)
- Contrasting Renren (RENN) and Match Group (MTCH) (americanbankingnews.com)
- Jefferies Group Analysts Increase Earnings Estimates for Match Group, Inc. (MTCH) (americanbankingnews.com)
- App Store Gold: Tinder’s Latest Feature Pays Off (finance.yahoo.com)
Several equities analysts recently commented on the stock. Vetr cut shares of Match Group from a “buy” rating to a “hold” rating and set a $20.78 price objective for the company. in a research note on Tuesday, May 30th. Aegis boosted their price objective on shares of Match Group from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. BidaskClub raised shares of Match Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $21.00 price objective on shares of Match Group in a research note on Wednesday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $28.00 price objective (up previously from $23.00) on shares of Match Group in a research note on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $21.04.
Match Group (MTCH) opened at 23.05 on Thursday. Match Group has a 1-year low of $15.08 and a 1-year high of $24.05. The stock has a market cap of $6.04 billion, a PE ratio of 32.79 and a beta of 0.53. The firm has a 50-day moving average of $19.81 and a 200-day moving average of $18.33.
Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, August 1st. The technology company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). Match Group had a return on equity of 34.49% and a net margin of 16.21%. The firm had revenue of $309.57 million for the quarter, compared to the consensus estimate of $310.36 million. During the same quarter in the previous year, the business posted $0.17 EPS. Match Group’s revenue was up 12.4% on a year-over-year basis. Analysts expect that Match Group will post $0.79 EPS for the current fiscal year.
In other Match Group news, General Counsel Jared F. Sine sold 64,436 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total transaction of $1,318,360.56. Following the completion of the sale, the general counsel now directly owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Sam Yagan sold 684,583 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $21.95, for a total transaction of $15,026,596.85. Following the sale, the insider now directly owns 464,963 shares of the company’s stock, valued at $10,205,937.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 902,498 shares of company stock worth $19,287,878. 18.10% of the stock is 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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