Match Group Inc (NASDAQ:MTCH) President Sharmistha Dubey sold 121,964 shares of Match Group stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $57.64, for a total transaction of $7,030,004.96. Following the transaction, the president now owns 83,591 shares in the company, valued at $4,818,185.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Match Group stock opened at $57.63 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.63 and a current ratio of 1.63. Match Group Inc has a 12 month low of $33.30 and a 12 month high of $60.95. The firm has a market cap of $15.74 billion, a PE ratio of 43.33, a P/E/G ratio of 2.42 and a beta of 0.59.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Match Group had a net margin of 27.48% and a return on equity of 66.86%. The business had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $448.38 million. During the same period in the previous year, the company posted $0.29 EPS. Match Group’s revenue was up 20.6% on a year-over-year basis. As a group, equities analysts expect that Match Group Inc will post 1.52 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday. BidaskClub upgraded shares of Match Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 17th. Aegis lifted their price objective on shares of Match Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, February 8th. SunTrust Banks lifted their price objective on shares of Match Group to $54.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Nomura reiterated a “neutral” rating and set a $48.00 price objective (down from $55.00) on shares of Match Group in a research report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $52.26.
Institutional investors have recently bought and sold shares of the company. Bell Rock Capital LLC purchased a new position in shares of Match Group during the 4th quarter valued at $54,000. Cornerstone Advisors Inc. grew its holdings in shares of Match Group by 863.3% during the 4th quarter. Cornerstone Advisors Inc. now owns 1,339 shares of the technology company’s stock valued at $57,000 after acquiring an additional 1,200 shares in the last quarter. Neuburgh Advisers LLC purchased a new position in shares of Match Group during the 4th quarter valued at $82,000. Thompson Siegel & Walmsley LLC bought a new stake in Match Group in the third quarter worth $116,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Match Group by 38.7% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,000 shares of the technology company’s stock worth $86,000 after purchasing an additional 558 shares in the last quarter. Institutional investors and hedge funds own 23.27% of the company’s stock.
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Match Group Company Profile
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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