Jared F. Sine Sells 500 Shares of Match Group, Inc. (NASDAQ:MTCH) Stock
Match Group, Inc. (NASDAQ:MTCH – Get Free Report) insider Jared F. Sine sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $32.32, for a total transaction of $16,160.00. Following the completion of the transaction, the insider now directly owns 30,352 shares of the company’s stock, valued at approximately $980,976.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Match Group Trading Down 1.6 %
MTCH traded down $0.53 during trading on Tuesday, hitting $32.32. The stock had a trading volume of 6,840,180 shares, compared to its average volume of 4,815,726. The firm has a market cap of $8.78 billion, a PE ratio of 18.19, a P/E/G ratio of 0.59 and a beta of 1.34. Match Group, Inc. has a 12 month low of $27.85 and a 12 month high of $54.60. The company has a 50 day simple moving average of $34.11 and a 200-day simple moving average of $39.72.
Match Group (NASDAQ:MTCH – Get Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. Match Group had a net margin of 15.42% and a negative return on equity of 173.16%. The company had revenue of $882.00 million for the quarter, compared to the consensus estimate of $879.85 million. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Match Group, Inc. will post 1.94 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Match Group by 19.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,307 shares of the technology company’s stock worth $165,000 after purchasing an additional 711 shares during the period. Glenview Trust co boosted its position in shares of Match Group by 57.0% during the 1st quarter. Glenview Trust co now owns 37,955 shares of the technology company’s stock valued at $1,457,000 after acquiring an additional 13,777 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Match Group by 3.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,377 shares of the technology company’s stock valued at $6,694,000 after acquiring an additional 5,361 shares in the last quarter. Wittenberg Investment Management Inc. acquired a new stake in shares of Match Group during the 1st quarter valued at about $910,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of Match Group by 44.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 53,206 shares of the technology company’s stock valued at $2,227,000 after acquiring an additional 16,346 shares in the last quarter. Institutional investors own 93.56% of the company’s stock.
Wall Street Analyst Weigh In
MTCH has been the subject of a number of recent analyst reports. Bank of America initiated coverage on shares of Match Group in a research note on Thursday, October 19th. They issued a “buy” rating and a $52.00 price objective for the company. StockNews.com raised shares of Match Group from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Royal Bank of Canada decreased their target price on shares of Match Group from $52.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. HSBC initiated coverage on shares of Match Group in a research note on Tuesday, September 26th. They set a “hold” rating and a $47.10 target price for the company. Finally, Barclays decreased their target price on shares of Match Group from $56.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and an average price target of $51.50.
Get Our Latest Stock Report on Match Group
Match Group Company Profile (Get Free Report)
Match Group, Inc provides dating products worldwide. The company’s portfolio of brands includes Tinder, Match, The League, Azar, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and Hakuna, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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Original: MarketBeat News Feed: Jared F. Sine Sells 500 Shares of Match Group, Inc. (NASDAQ:MTCH) Stock