Match Group Inc (NASDAQ:MTCH) Director Gregory R. Blatt sold 456,673 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $39.71, for a total transaction of $18,134,484.83. Following the completion of the sale, the director now directly owns 2,504,859 shares of the company’s stock, valued at approximately $99,467,950.89. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Match Group Inc (NASDAQ:MTCH) traded up $1.36 during trading on Wednesday, reaching $46.79. 2,787,112 shares of the company’s stock were exchanged, compared to its average volume of 2,430,000. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.40 and a quick ratio of 1.40. Match Group Inc has a twelve month low of $15.42 and a twelve month high of $46.81. The firm has a market cap of $12,840.00 and a price-to-earnings ratio of 30.38.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 31.33%. The company had revenue of $379.00 million for the quarter, compared to analyst estimates of $362.86 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company’s revenue for the quarter was up 28.5% compared to the same quarter last year. equities research analysts anticipate that Match Group Inc will post 1.04 EPS for the current fiscal year.
MTCH has been the subject of several recent analyst reports. TheStreet lowered shares of Match Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. BidaskClub upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Evercore ISI initiated coverage on shares of Match Group in a research note on Tuesday, December 5th. They set an “outperform” rating and a $34.00 price objective for the company. Wells Fargo & Co reiterated an “outperform” rating and set a $38.00 price objective (up previously from $33.00) on shares of Match Group in a research note on Monday, January 8th. Finally, Zacks Investment Research lowered shares of Match Group from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $39.32.
A number of institutional investors have recently modified their holdings of MTCH. Teachers Advisors LLC increased its stake in Match Group by 34.9% during the 2nd quarter. Teachers Advisors LLC now owns 38,545 shares of the technology company’s stock valued at $670,000 after purchasing an additional 9,980 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Match Group by 6.2% in the 2nd quarter. Northern Trust Corp now owns 295,192 shares of the technology company’s stock valued at $5,130,000 after acquiring an additional 17,341 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of Match Group by 28.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 101,916 shares of the technology company’s stock valued at $1,771,000 after acquiring an additional 22,461 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Match Group by 31.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 159,660 shares of the technology company’s stock valued at $2,775,000 after acquiring an additional 37,748 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Match Group by 3.1% in the 2nd quarter. State Street Corp now owns 461,163 shares of the technology company’s stock valued at $8,014,000 after acquiring an additional 13,918 shares during the last quarter. Institutional investors and hedge funds own 21.96% of the company’s stock.
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Match Group Company Profile
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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