Match Group Inc. (MTCH) Stock Price Up 2.2%
Shares of Match Group Inc. (NASDAQ:MTCH) rose 2.2% on Friday . The company traded as high as $16.34 and last traded at $16.07, with a volume of 831,902 shares. The stock had previously closed at $15.73.
MTCH has been the topic of a number of research reports. Oppenheimer Holdings Inc. restated a “buy” rating and issued a $17.00 target price on shares of Match Group in a report on Wednesday, May 4th. Axiom Securities restated a “buy” rating and issued a $18.00 target price on shares of Match Group in a report on Wednesday, May 4th. SunTrust Banks Inc. reiterated a “buy” rating and set a $18.00 price target (up from $15.00) on shares of Match Group in a report on Friday. Zacks Investment Research upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, April 6th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating on shares of Match Group in a report on Thursday, May 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Match Group currently has an average rating of “Hold” and a consensus price target of $15.15.
The company has a market capitalization of $4.03 billion and a P/E ratio of 33.52. The stock’s 50 day moving average is $14.65 and its 200-day moving average is $12.55.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business earned $285.30 million during the quarter, compared to analysts’ expectations of $281.92 million. Match Group’s quarterly revenue was up 21.4% compared to the same quarter last year. Equities analysts anticipate that Match Group Inc. will post $0.74 earnings per share for the current year.
In other news, Vice Chairman Sam Yagan sold 200,000 shares of the firm’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $13.24, for a total value of $2,648,000.00. Following the transaction, the insider now directly owns 200,000 shares of the company’s stock, valued at $2,648,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Several institutional investors have bought and sold shares of MTCH. Jennison Associates LLC acquired a new position in Match Group during the fourth quarter valued at $13,954,000. J. Goldman & Co LP acquired a new position in Match Group during the fourth quarter valued at $1,008,000. Schroder Investment Management Group acquired a new position in Match Group during the fourth quarter valued at $15,585,000. Cornerstone Capital Management Holdings LLC. acquired a new position in Match Group during the fourth quarter valued at $1,362,000. Finally, Morgan Stanley acquired a new position in Match Group during the fourth quarter valued at $1,720,000.
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.
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