Match Group, Inc. (NASDAQ:MTCH) Vice Chairman Sam Yagan sold 684,583 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $21.95, for a total value of $15,026,596.85. Following the completion of the sale, the insider now owns 464,963 shares in the company, valued at approximately $10,205,937.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sam Yagan also recently made the following trade(s):
- On Monday, August 28th, Sam Yagan sold 98,854 shares of Match Group stock. The stock was sold at an average price of $19.10, for a total value of $1,888,111.40.
- On Wednesday, August 16th, Sam Yagan sold 54,625 shares of Match Group stock. The stock was sold at an average price of $19.31, for a total value of $1,054,808.75.
Match Group, Inc. (NASDAQ MTCH) opened at 23.55 on Friday. The stock has a market cap of $6.18 billion, a P/E ratio of 33.50 and a beta of 0.53. Match Group, Inc. has a 52-week low of $15.08 and a 52-week high of $24.05. The stock has a 50 day moving average price of $20.19 and a 200 day moving average price of $18.44.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The firm had revenue of $309.57 million for the quarter, compared to analysts’ expectations of $310.36 million. Match Group had a return on equity of 34.49% and a net margin of 16.21%. Match Group’s revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS. On average, equities research analysts forecast that Match Group, Inc. will post $0.79 EPS for the current year.
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A number of equities analysts have issued reports on the company. BMO Capital Markets reiterated a “buy” rating and set a $21.00 price target on shares of Match Group in a research report on Wednesday. Jefferies Group LLC increased their price target on Match Group from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research downgraded Match Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Aegis increased their price target on Match Group from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded Match Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two equities research 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 has a consensus rating of “Buy” and an average price target of $21.04.
Large investors have recently made changes to their positions in the company. Mik Capital LLC purchased a new stake in shares of Match Group during the 2nd quarter worth approximately $23,043,000. Clinton Group Inc. boosted its stake in shares of Match Group by 23.8% during the 1st quarter. Clinton Group Inc. now owns 163,019 shares of the technology company’s stock worth $2,662,000 after acquiring an additional 31,350 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Match Group by 9.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 103,464 shares of the technology company’s stock worth $1,690,000 after acquiring an additional 9,357 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Match Group by 23.5% during the 1st quarter. Stifel Financial Corp now owns 35,570 shares of the technology company’s stock worth $580,000 after acquiring an additional 6,770 shares in the last quarter. Finally, Soros Fund Management LLC boosted its stake in shares of Match Group by 144.0% during the 1st quarter. Soros Fund Management LLC now owns 36,600 shares of the technology company’s stock worth $598,000 after acquiring an additional 21,600 shares in the last quarter. 19.05% of the stock is currently owned by institutional investors and hedge funds.
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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