Match Group Inc. (NASDAQ:MTCH) Vice Chairman Sam Yagan sold 149,427 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $17.98, for a total value of $2,686,697.46. Following the completion of the transaction, the insider now owns 25,722 shares of the company’s stock, valued at $462,481.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Match Group Inc. (NASDAQ:MTCH) traded down 1.00% during trading on Wednesday, hitting $17.80. The stock had a trading volume of 53,417 shares. Match Group Inc. has a 52 week low of $8.41 and a 52 week high of $19.74. The stock has a market capitalization of $4.53 billion and a P/E ratio of 34.56. The company has a 50-day moving average of $17.75 and a 200-day moving average of $16.00.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, November 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The company earned $316.40 million during the quarter, compared to analyst estimates of $317.92 million. Match Group had a return on equity of 42.62% and a net margin of 11.38%. Match Group’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities analysts expect that Match Group Inc. will post $0.75 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Match Group (NASDAQ:MTCH)

Several institutional investors have recently added to or reduced their stakes in MTCH. PNC Financial Services Group Inc. raised its position in Match Group by 12.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,048 shares of the company’s stock valued at $125,000 after buying an additional 800 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Match Group during the third quarter valued at $128,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Match Group during the third quarter valued at $145,000. AHL Partners LLP purchased a new position in shares of Match Group during the second quarter valued at $160,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Match Group during the third quarter valued at $205,000. 17.34% of the stock is owned by institutional investors.

Several brokerages have recently commented on MTCH. Vetr upgraded Match Group from a “buy” rating to a “strong-buy” rating and set a $20.04 target price for the company in a research note on Monday. Aegis began coverage on Match Group in a research note on Friday, November 18th. They set a “buy” rating and a $20.00 target price for the company. Bank of America Corp. reiterated a “buy” rating on shares of Match Group in a research note on Thursday, November 3rd. Numis Securities Ltd reiterated a “buy” rating on shares of Match Group in a research note on Thursday, November 3rd. Finally, Axiom Securities dropped their price target on Match Group from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.14.

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Match Group Company Profile

Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services.

5 Day Chart for NASDAQ:MTCH

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