Insider Selling: Match Group Inc (MTCH) President Sells 141,149 Shares of Stock
Match Group Inc (NASDAQ:MTCH) President Sharmistha Dubey sold 141,149 shares of Match Group stock in a transaction on Monday, February 12th. The shares were sold at an average price of $37.99, for a total value of $5,362,250.51. Following the transaction, the president now directly owns 78,650 shares of the company’s stock, valued at $2,987,913.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Match Group Inc (NASDAQ MTCH) traded up $1.61 during trading hours on Tuesday, hitting $39.60. The stock had a trading volume of 3,564,259 shares, compared to its average volume of 1,790,000. Match Group Inc has a 52 week low of $15.42 and a 52 week high of $39.66. The firm has a market capitalization of $10,820.00 and a price-to-earnings ratio of 33.00. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92.
Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 30.34%. The business had revenue of $379.00 million during the quarter, compared to analyst estimates of $362.86 million. During the same quarter last year, the business posted $0.29 earnings per share. The business’s quarterly revenue was up 28.5% compared to the same quarter last year. analysts predict that Match Group Inc will post 0.92 EPS for the current fiscal year.
A number of research analysts have issued reports on MTCH shares. Wells Fargo & Co reissued a “buy” rating and set a $29.00 price objective (up from $21.00) on shares of Match Group in a report on Thursday, October 19th. Barclays lifted their price objective on Match Group from $20.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research cut Match Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Piper Jaffray Companies reissued an “overweight” rating and set a $33.00 price objective (up from $28.00) on shares of Match Group in a report on Wednesday, November 8th. Finally, UBS Group cut Match Group from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $28.00 to $35.00 in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.32.
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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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