Match Group (MTCH) Stock Price Down 9.4%
Match Group Inc (NASDAQ:MTCH) traded down 9.4% during trading on Monday . The company traded as low as $36.21 and last traded at $36.26. 5,007,553 shares changed hands during trading, an increase of 98% from the average session volume of 2,523,668 shares. The stock had previously closed at $40.00.
A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Match Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 14th. ValuEngine upgraded Match Group from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Aegis decreased their price target on Match Group from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. Wells Fargo & Co restated a “hold” rating on shares of Match Group in a research report on Thursday, November 8th. Finally, BidaskClub lowered Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.94.
The stock has a market cap of $11.12 billion, a P/E ratio of 69.73, a price-to-earnings-growth ratio of 2.51 and a beta of 0.74. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.63 and a quick ratio of 1.63.
The company also recently disclosed a special dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be given a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, December 4th.
In other Match Group news, CFO Gary Swidler sold 105,611 shares of the stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $49.57, for a total value of $5,235,137.27. Following the transaction, the chief financial officer now directly owns 266,010 shares in the company, valued at approximately $13,186,115.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Viridian Ria LLC acquired a new position in shares of Match Group in the 3rd quarter valued at $1,064,000. Wells Fargo & Company MN lifted its stake in shares of Match Group by 50.0% in the 3rd quarter. Wells Fargo & Company MN now owns 2,010,634 shares of the technology company’s stock valued at $116,436,000 after purchasing an additional 669,868 shares during the period. Cypress Funds LLC acquired a new position in shares of Match Group in the 2nd quarter valued at $6,198,000. GAM Holding AG acquired a new position in shares of Match Group in the 2nd quarter valued at $857,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Match Group by 8.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 209,463 shares of the technology company’s stock valued at $8,115,000 after purchasing an additional 15,526 shares during the period. 23.33% of the stock is currently owned by institutional investors.
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About Match Group (NASDAQ:MTCH)
Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
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