Match Group Inc (NASDAQ:MTCH) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 19,273,400 shares, a decrease of 6.3% from the May 30th total of 20,560,300 shares. Currently, 38.0% of the shares of the stock are sold short. Based on an average trading volume of 1,710,000 shares, the short-interest ratio is presently 11.3 days.
Several research analysts recently weighed in on MTCH shares. BMO Capital Markets upped their price target on shares of Air Products & Chemicals to $235.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Zacks Investment Research downgraded shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Goldman Sachs Group upgraded shares of MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th. BidaskClub upgraded shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine upgraded shares of Westpac Banking from a “sell” rating to a “hold” rating in a research report on Wednesday, May 22nd. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $63.26.
NASDAQ MTCH traded up $0.11 during trading hours on Monday, hitting $73.14. 208,620 shares of the company’s stock traded hands, compared to its average volume of 1,529,424. Match Group has a 52-week low of $33.30 and a 52-week high of $75.28. The company has a market cap of $20.52 billion, a P/E ratio of 55.00, a PEG ratio of 2.71 and a beta of 0.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 11.10. The company’s 50-day moving average is $70.05.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.17. Match Group had a net margin of 27.90% and a return on equity of 120.25%. The company had revenue of $464.60 million during the quarter, compared to analysts’ expectations of $463.69 million. During the same quarter in the prior year, the company earned $0.26 EPS. Match Group’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts predict that Match Group will post 1.78 EPS for the current year.
In other Match Group news, CEO Amanda Ginsberg sold 119,879 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $69.05, for a total value of $8,277,644.95. Following the completion of the transaction, the chief executive officer now owns 211,784 shares in the company, valued at $14,623,685.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ann Mcdaniel sold 6,400 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $70.26, for a total transaction of $449,664.00. Following the completion of the transaction, the director now owns 9,578 shares of the company’s stock, valued at approximately $672,950.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,607 shares of company stock valued at $9,034,034. Insiders own 3.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Advisors Inc. grew its stake in Match Group by 32.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,774 shares of the technology company’s stock valued at $100,000 after acquiring an additional 435 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Match Group by 3,829.8% in the 1st quarter. Stephens Inc. AR now owns 1,847 shares of the technology company’s stock valued at $105,000 after buying an additional 1,800 shares during the period. Neuburgh Advisers LLC purchased a new stake in shares of Match Group in the 4th quarter valued at approximately $82,000. SG Americas Securities LLC purchased a new stake in shares of Match Group in the 1st quarter valued at approximately $114,000. Finally, Captrust Financial Advisors grew its stake in shares of Match Group by 18.1% in the 4th quarter. Captrust Financial Advisors now owns 2,235 shares of the technology company’s stock valued at $96,000 after buying an additional 343 shares during the period. 22.16% of the stock is owned by institutional investors.
About Match Group
Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.
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