Match Group Inc. (MTCH) Trading Up 3%
Shares of Match Group Inc. (NASDAQ:MTCH) were up 3% during trading on Monday . The stock traded as high as $15.89 and last traded at $15.55, with a volume of 584,378 shares. The stock had previously closed at $15.10.
Several analysts have commented on MTCH shares. Axiom Securities restated a “buy” rating on shares of Match Group in a report on Monday, August 22nd. Zacks Investment Research upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, July 15th. JPMorgan Chase & Co. upgraded shares of Match Group from a “neutral” rating to an “overweight” rating and set a $19.00 target price for the company in a report on Thursday, July 28th. Deutsche Bank AG lifted their target price on shares of Match Group from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Finally, SunTrust Banks Inc. reiterated 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 research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.15.
The company has a 50 day moving average price of $15.82 and a 200-day moving average price of $13.29. The company has a market capitalization of $3.92 billion and a price-to-earnings ratio of 32.80.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The company 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. On average, analysts expect that Match Group Inc. will post $0.73 earnings per share for the current year.
In other Match Group news, insider Amarnath Thombre sold 2,632 shares of the company’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 approximately $44,112.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Sam Yagan sold 200,000 shares of the company’s stock in a transaction dated Friday, June 3rd. The stock was 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.
An institutional investor recently bought a new position in Match Group stock. Jennison Associates LLC bought a new position in Match Group Inc. (NASDAQ:MTCH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the SEC.
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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