Match Group Inc (NASDAQ:MTCH) Director Gregory R. Blatt sold 456,673 shares of Match Group stock in a transaction dated 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 transaction, the director now directly owns 2,504,859 shares of the company’s stock, valued at $99,467,950.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Match Group Inc (NASDAQ MTCH) traded up $1.36 during trading on Wednesday, reaching $46.79. 2,787,112 shares of the company’s stock traded hands, compared to its average volume of 2,430,000. The stock has a market cap of $12,840.00 and a PE ratio of 30.38. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.40 and a current ratio of 1.40. Match Group Inc has a 12 month low of $15.42 and a 12 month high of $46.81.
Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). The company had revenue of $379.00 million during the quarter, compared to analysts’ expectations of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 31.33%. Match Group’s quarterly revenue was up 28.5% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. research analysts predict that Match Group Inc will post 1.04 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC lifted its position in shares of Match Group by 122.3% in the 3rd quarter. Private Advisor Group LLC now owns 27,539 shares of the technology company’s stock worth $697,000 after purchasing an additional 15,150 shares during the period. Commonwealth Bank of Australia lifted its position in shares of Match Group by 77.4% in the 3rd quarter. Commonwealth Bank of Australia now owns 35,300 shares of the technology company’s stock worth $814,000 after purchasing an additional 15,400 shares during the period. GMT Capital Corp lifted its position in shares of Match Group by 20.6% in the 3rd quarter. GMT Capital Corp now owns 612,200 shares of the technology company’s stock worth $14,197,000 after purchasing an additional 104,500 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Match Group in the 3rd quarter worth approximately $8,039,000. Finally, Brown Advisory Inc. purchased a new stake in shares of Match Group in the 3rd quarter worth approximately $257,000. 21.96% of the stock is owned by hedge funds and other institutional investors.
MTCH has been the subject of a number of recent analyst reports. Wells Fargo & Co reaffirmed an “outperform” rating and set a $38.00 price target (up from $33.00) on shares of Match Group in a research note on Monday, January 8th. Guggenheim raised shares of Match Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Vetr raised shares of Match Group from a “hold” rating to a “buy” rating and set a $37.10 price target for the company in a research note on Tuesday, January 30th. BidaskClub raised shares of Match Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 25th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $33.00 price target on shares of Match Group in a research note on Wednesday, November 15th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.32.
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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