Match Group Inc. (MTCH) Trading Up 3%
Match Group Inc. (NASDAQ:MTCH) was up 3% on Monday . The stock traded as high as $15.89 and last traded at $15.55, with a volume of 584,378 shares trading hands. The stock had previously closed at $15.10.
Several equities research analysts have recently weighed in on MTCH shares. Wells Fargo & Co. reissued a “buy” rating on shares of Match Group in a research note on Monday. Deutsche Bank AG increased their target price on shares of Match Group from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Zacks Investment Research raised shares of Match Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Friday, July 15th. Axiom Securities reissued a “buy” rating and issued a $18.00 target price on shares of Match Group in a research note on Tuesday, July 26th. Finally, SunTrust Banks Inc. reissued a “buy” rating and issued a $18.00 target price (up previously from $15.00) on shares of Match Group in a research note on Friday, July 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.15.
The company’s 50-day moving average price is $15.87 and its 200-day moving average price is $13.44. The firm has a market cap of $4.00 billion and a price-to-earnings ratio of 33.4318.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $301.12 million for the quarter, compared to analyst estimates of $295.12 million. Match Group’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts expect that Match Group Inc. will post $0.73 earnings per share for the current fiscal year.
In other 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 transaction of $44,112.32. Following the transaction, the insider now owns 2,632 shares of the company’s stock, valued at approximately $44,112.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Sam Yagan sold 200,000 shares of the company’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 disclosure for this sale can be found here.
An institutional investor recently bought a new position in Match Group stock. Jennison Associates LLC bought a new position in shares of Match Group Inc. (NASDAQ:MTCH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,029,811 shares of the company’s stock, valued at approximately $13,954,000. Jennison Associates LLC owned approximately 0.41% of Match Group as of its most recent SEC filing.
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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