Match Group, Inc. (MTCH) General Counsel Sells $1,318,360.56 in Stock
Match Group, Inc. (NASDAQ:MTCH) General Counsel Jared F. Sine sold 64,436 shares of Match Group stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total value of $1,318,360.56. Following the completion of the transaction, the general counsel now owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Match Group, Inc. (NASDAQ MTCH) opened at 22.35 on Monday. The company has a market cap of $5.86 billion, a P/E ratio of 31.79 and a beta of 0.53. Match Group, Inc. has a one year low of $15.05 and a one year high of $22.93. The company has a 50 day moving average price of $19.00 and a 200 day moving average price of $18.05.
Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.03. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The company had revenue of $309.57 million during the quarter, compared to the consensus estimate of $310.36 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts expect that Match Group, Inc. will post $0.88 earnings per share for the current year.
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Several hedge funds have recently added to or reduced their stakes in MTCH. Cubist Systematic Strategies LLC grew its stake in shares of Match Group by 499.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after purchasing an additional 5,333 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Match Group by 19.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock valued at $114,000 after purchasing an additional 1,156 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares during the period. TLP Group LLC bought a new stake in shares of Match Group in the 1st quarter valued at approximately $154,000. Finally, Private Advisor Group LLC bought a new stake in shares of Match Group in the 1st quarter valued at approximately $174,000. Institutional investors own 19.05% of the company’s stock.
MTCH has been the subject of several research reports. Vetr lowered Match Group from a “strong-buy” rating to a “buy” rating and set a $19.42 target price for the company. in a research report on Monday, June 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $23.00 target price on shares of Match Group in a research report on Thursday, June 22nd. BidaskClub lowered Match Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded Match Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Aegis lifted their target price on Match Group from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $20.62.
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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