Short Interest in Match Group Inc (MTCH) Grows By 5.4%
Match Group Inc (NASDAQ:MTCH) was the target of a large growth in short interest in the month of December. As of December 29th, there was short interest totalling 22,382,837 shares, a growth of 5.4% from the December 15th total of 21,228,850 shares. Approximately 45.8% of the company’s shares are short sold. Based on an average daily volume of 1,144,485 shares, the short-interest ratio is currently 19.6 days.
Shares of Match Group (NASDAQ MTCH) opened at $31.40 on Wednesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. Match Group has a 1 year low of $15.42 and a 1 year high of $33.08. The firm has a market capitalization of $8,580.00 and a P/E ratio of 20.93.
Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). Match Group had a net margin of 34.06% and a return on equity of 31.18%. The firm had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. research analysts predict that Match Group will post 0.62 EPS for the current fiscal year.
In other Match Group news, Director Ann Mcdaniel sold 11,119 shares of Match Group stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 18.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP boosted its position in shares of Match Group by 48.3% during the third quarter. GSA Capital Partners LLP now owns 22,147 shares of the technology company’s stock valued at $514,000 after purchasing an additional 7,210 shares in the last quarter. RWC Asset Management LLP bought a new stake in shares of Match Group during the third quarter valued at approximately $3,479,000. Janney Montgomery Scott LLC bought a new stake in shares of Match Group during the third quarter valued at approximately $226,000. Granahan Investment Management Inc. MA bought a new stake in shares of Match Group during the third quarter valued at approximately $8,016,000. Finally, Crestline Management LP bought a new stake in shares of Match Group during the third quarter valued at approximately $2,429,000. Institutional investors own 20.97% of the company’s stock.
About Match Group
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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