Match Group Inc. (MTCH) Trading Down 1.4%
Match Group Inc. (NASDAQ:MTCH) shares fell 1.4% on Thursday . The stock traded as low as $14.68 and last traded at $14.74, with a volume of 647,830 shares changing hands. The stock had previously closed at $14.95.
Several brokerages have recently commented on MTCH. Zacks Investment Research cut shares of Match Group from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Deutsche Bank AG raised their target price on shares of Match Group from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. JPMorgan Chase & Co. raised shares of Match Group from a “neutral” rating to an “overweight” rating and set a $19.00 target price on the stock in a report on Thursday, July 28th. Axiom Securities reaffirmed a “buy” rating and set a $18.00 target price on shares of Match Group in a report on Tuesday, July 26th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating and set a $18.00 target price (up from $15.00) on shares of Match Group in a report on Friday, July 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.15.
The company has a market cap of $3.71 billion and a PE ratio of 31.01. The firm’s 50 day moving average price is $15.74 and its 200 day moving average price is $13.08.
Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The company earned $301.12 million during the quarter, compared to analysts’ expectations of $295.12 million. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities research analysts expect that Match Group Inc. will post $0.73 EPS for the current fiscal year.
In other Match Group news, insider Amarnath Thombre sold 2,632 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $16.76, for a total value of $44,112.32. Following the transaction, the insider now directly owns 2,632 shares in the company, valued at $44,112.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider now owns 200,000 shares in the company, valued at $2,648,000. The disclosure for this sale can be found here.
Several hedge funds have made changes to their positions in the stock. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Match Group during the fourth quarter worth approximately $1,362,000. River Road Asset Management LLC acquired a new stake in shares of Match Group during the fourth quarter worth approximately $8,735,000. Jennison Associates LLC acquired a new stake in shares of Match Group during the fourth quarter worth approximately $13,954,000. Finally, RS Investment Management Co. LLC acquired a new stake in shares of Match Group during the fourth quarter worth approximately $15,810,000.
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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