Match Group Inc. (MTCH) Shares Down 1.7%
Match Group Inc. (NASDAQ:MTCH)’s share price dropped 1.7% during mid-day trading on Thursday . The stock traded as low as $15.82 and last traded at $15.91, with a volume of 299,479 shares changing hands. The stock had previously closed at $16.19.
MTCH has been the subject of several recent research reports. SunTrust Banks Inc. reiterated a “buy” rating and issued a $18.00 price objective (up previously from $15.00) on shares of Match Group in a research note on Friday, July 15th. Zacks Investment Research upgraded Match Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 7th. Axiom Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Match Group in a research note on Wednesday, May 4th. Deutsche Bank AG raised their target price on Match Group from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, JPMorgan Chase & Co. raised Match Group from a “neutral” rating to an “overweight” rating and set a $19.00 target price on the stock in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.15.
The stock has a market cap of $4.00 billion and a P/E ratio of 33.43. The company has a 50-day moving average of $15.88 and a 200-day moving average of $13.46.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ 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. The business’s revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts expect that Match Group Inc. will post $0.73 EPS for the current year.
In other news, 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 value of $2,648,000.00. Following the completion of the sale, the insider now owns 200,000 shares of the company’s stock, valued at $2,648,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Amarnath Thombre sold 122,802 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $15.38, for a total value of $1,888,694.76. Following the completion of the sale, the insider now directly owns 122,802 shares of the company’s stock, valued at approximately $1,888,694.76. The disclosure for this sale can be found here.
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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