Match Group Inc. (MTCH) Shares Down 1.7%
Shares of Match Group Inc. (NASDAQ:MTCH) fell 1.7% 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.
Several research firms recently weighed in on MTCH. 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. Axiom Securities reiterated a “buy” rating and issued a $18.00 target price on shares of Match Group in a report on Tuesday, July 26th. SunTrust Banks Inc. reiterated a “buy” rating and issued a $18.00 target price (up previously from $15.00) on shares of Match Group in a report on Friday, July 15th. 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, 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.15.
The stock has a 50 day moving average of $15.89 and a 200-day moving average of $13.49. The stock has a market capitalization of $4.04 billion and a price-to-earnings ratio of 33.77.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $301.12 million for the quarter, compared to analyst estimates of $295.12 million. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts anticipate that Match Group Inc. will post $0.73 earnings per share for the current year.
In related news, CFO Jeffrey Dawson sold 227,415 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $15.56, for a total transaction of $3,538,577.40. Following the completion of the transaction, the chief financial officer now owns 151,514 shares of the company’s stock, valued at $2,357,557.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amarnath Thombre sold 122,802 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $15.38, for a total transaction of $1,888,694.76. Following the transaction, 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.