Match Group Inc. (MTCH) Trading Up 2.2%
Match Group Inc. (NASDAQ:MTCH)’s share price was up 2.2% during trading on Friday . The stock traded as high as $16.34 and last traded at $16.07, with a volume of 831,902 shares trading hands. The stock had previously closed at $15.73.
Several equities analysts recently commented on MTCH shares. SunTrust Banks Inc. started coverage on Match Group in a report on Wednesday, March 23rd. They issued a “buy” rating on the stock. Zacks Investment Research raised Match Group from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, April 6th. Axiom Securities reissued a “buy” rating and issued a $18.00 target price on shares of Match Group in a report on Tuesday, April 19th. Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $17.00 target price on shares of Match Group in a report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. reissued a “hold” rating on shares of Match Group in a report on Thursday, May 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.62.
The firm has a 50 day moving average of $14.73 and a 200 day moving average of $12.56. The firm has a market capitalization of $4.03 billion and a price-to-earnings ratio of 33.52.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $285.30 million for the quarter, compared to the consensus estimate of $281.92 million. The firm’s revenue was up 21.4% on a year-over-year basis. Analysts expect that Match Group Inc. will post $0.74 EPS for the current fiscal year.
In related news, Vice Chairman Sam Yagan sold 200,000 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $13.24, for a total transaction of $2,648,000.00. Following the completion of the sale, the insider now owns 200,000 shares of the company’s stock, valued at approximately $2,648,000. The sale was disclosed in a legal filing with the SEC, which is available through this link.
A number of hedge funds and institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. purchased a new position in Match Group during the fourth quarter worth about $3,463,000. First Trust Advisors LP purchased a new position in Match Group during the fourth quarter worth about $2,382,000. TD Asset Management Inc. purchased a new position in Match Group during the fourth quarter worth about $1,316,000. Morgan Stanley purchased a new position in Match Group during the fourth quarter worth about $1,720,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Match Group during the fourth quarter worth about $1,362,000.
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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