Match Group Inc. (NASDAQ:MTCH) shares traded down 8.4% on Wednesday . The stock traded as low as $15.00 and last traded at $15.25, with a volume of 2,130,394 shares changing hands. The stock had previously closed at $16.64.

Several research analysts have recently weighed in on the stock. Axiom Securities reissued a “buy” rating and set a $18.00 price objective on shares of Match Group in a report on Wednesday, May 4th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Match Group in a report on Thursday, May 5th. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $17.00 price objective on shares of Match Group in a report on Wednesday, May 4th. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. Finally, Susquehanna reissued a “neutral” rating and set a $13.00 price objective (up from $11.00) on shares of Match Group in a report on Friday, May 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.62.

The stock has a market capitalization of $3.90 billion and a price-to-earnings ratio of 32.46. The firm has a 50-day moving average price of $15.25 and a 200-day moving average price of $12.70.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm earned $301.12 million during the quarter, compared to the consensus estimate of $295.12 million. The business’s quarterly revenue was up 21.0% on a year-over-year basis. Equities research analysts anticipate that Match Group Inc. will post $0.76 EPS 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 sale, the insider now directly owns 200,000 shares in the company, valued at approximately $2,648,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Other institutional investors recently made changes to their positions in the company. BlackRock Advisors LLC bought a new position in shares of Match Group during the fourth quarter valued at approximately $12,326,000. Jennison Associates LLC bought a new position in shares of Match Group during the fourth quarter valued at approximately $13,954,000. J. Goldman & Co LP bought a new position in shares of Match Group during the fourth quarter valued at approximately $1,008,000. Schroder Investment Management Group bought a new position in shares of Match Group during the fourth quarter valued at approximately $15,585,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in shares of Match Group during the fourth quarter valued at approximately $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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