Match Group Inc. (MTCH) Hits New 52-Week High at $16.63
Match Group Inc. (NASDAQ:MTCH)’s share price hit a new 52-week high on Monday . The company traded as high as $16.63 and last traded at $16.42, with a volume of 701,883 shares. The stock had previously closed at $16.19.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Match Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Friday. SunTrust Banks Inc. reissued a “buy” rating and set a $18.00 target price (up previously from $15.00) on shares of Match Group in a research note on Friday. Susquehanna reissued a “neutral” rating and set a $13.00 target price (up previously from $11.00) on shares of Match Group in a research note on Friday, May 6th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Match Group in a research note on Thursday, May 5th. Finally, Axiom Securities reissued a “buy” rating and set a $18.00 target price on shares of Match Group in a research note on Wednesday, May 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Match Group presently has a consensus rating of “Hold” and an average price target of $15.62.
The stock’s 50-day moving average price is $14.73 and its 200 day moving average price is $12.56. The firm has a market capitalization of $4.08 billion and a PE ratio of 33.95.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. The firm had revenue of $285.30 million for the quarter, compared to the consensus estimate of $281.92 million. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. On average, equities analysts anticipate that Match Group Inc. will post $0.74 EPS for the current fiscal year.
In other Match Group news, Vice Chairman Sam Yagan sold 200,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 200,000 shares in the company, valued at $2,648,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Other hedge funds recently modified their holdings of the company. J. Goldman & Co LP bought a new stake in shares of Match Group during the fourth quarter worth about $1,008,000. TD Asset Management Inc. bought a new stake in shares of Match Group during the fourth quarter worth about $1,316,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Match Group during the fourth quarter worth about $1,362,000. Morgan Stanley bought a new stake in shares of Match Group during the fourth quarter worth about $1,720,000. Finally, First Trust Advisors LP bought a new stake in shares of Match Group during the fourth quarter worth about $2,382,000.
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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