Shares of Match Group Inc. (NASDAQ:MTCH) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.63 and last traded at $16.42, with a volume of 701,883 shares trading hands. The stock had previously closed at $16.19.

MTCH has been the subject of several research reports. Zacks Investment Research raised shares of Match Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Friday, July 15th. SunTrust Banks Inc. reiterated a “buy” rating and issued a $18.00 target price (up from $15.00) on shares of Match Group in a report on Friday, July 15th. Axiom Securities reiterated 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. reiterated 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. 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, four have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.62.

The stock has a 50 day moving average price of $14.86 and a 200-day moving average price of $12.60. The firm has a market cap of $4.21 billion and a P/E ratio of 35.05.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, May 3rd. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $285.30 million for the quarter, compared to analysts’ expectations of $281.92 million. The business’s quarterly revenue was up 21.4% on a year-over-year basis. Equities research analysts predict that Match Group Inc. will post $0.74 earnings per share for the current year.

In other Match Group 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 transaction of $2,648,000.00. Following the completion of the transaction, the insider now directly owns 200,000 shares in the company, valued at approximately $2,648,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several large investors have recently modified their holdings of the company. First Trust Advisors LP purchased a new stake in shares of Match Group during the fourth quarter worth approximately $2,382,000. TD Asset Management Inc. purchased a new stake in shares of Match Group during the fourth quarter worth approximately $1,316,000. Morgan Stanley purchased a new stake in shares of Match Group during the fourth quarter worth approximately $1,720,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Match Group during the fourth quarter worth approximately $1,362,000. Finally, Schroder Investment Management Group purchased a new stake in shares of Match Group during the fourth quarter worth approximately $15,585,000.

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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