Investors Purchase High Volume of Match Group Put Options (MTCH)
Match Group Inc (NASDAQ:MTCH) saw unusually large options trading on Wednesday. Investors bought 2,334 put options on the company. This represents an increase of approximately 1,067% compared to the average daily volume of 200 put options.
A number of analysts have commented on MTCH shares. Bank of America raised their price objective on Match Group from $21.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Aegis raised their price objective on Match Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Wells Fargo & Co reiterated an “outperform” rating and issued a $38.00 price objective (up previously from $33.00) on shares of Match Group in a research report on Monday, January 8th. Goldman Sachs Group restated a “neutral” rating and set a $25.00 target price on shares of Match Group in a research report on Wednesday, October 11th. Finally, Guggenheim upgraded Match Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Six 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’s stock. The company has an average rating of “Buy” and a consensus price target of $32.77.
In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 18.10% of the stock is currently owned by company insiders.
Match Group (MTCH) opened at $32.60 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. The company has a market capitalization of $8,900.00 and a P/E ratio of 21.73. Match Group has a 52-week low of $15.42 and a 52-week high of $33.08.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The company had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. Match Group had a return on equity of 31.18% and a net margin of 34.06%. Match Group’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS. analysts forecast that Match Group will post 0.62 earnings per share for the current fiscal year.
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Match Group Company Profile
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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