Match Group Inc (NASDAQ:MTCH) Director Gregory R. Blatt sold 456,673 shares of the business’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 transaction, the director now owns 2,504,859 shares in the company, valued at approximately $99,467,950.89. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Match Group Inc (NASDAQ MTCH) opened at $42.00 on Wednesday. The company has a market cap of $11,392.96, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.87 and a beta of 0.45. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.40 and a current ratio of 1.40. Match Group Inc has a one year low of $15.42 and a one year high of $43.52.
Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). The business had revenue of $379.00 million for the quarter, compared to the consensus estimate of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 31.33%. The business’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 EPS. equities research analysts forecast that Match Group Inc will post 0.91 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Match Group by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares in the last quarter. Aperio Group LLC grew its stake in shares of Match Group by 5.1% in the 4th quarter. Aperio Group LLC now owns 32,506 shares of the technology company’s stock worth $1,018,000 after acquiring an additional 1,566 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Match Group by 4.3% in the 4th quarter. Teachers Advisors LLC now owns 40,216 shares of the technology company’s stock worth $1,259,000 after acquiring an additional 1,671 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Match Group by 10.8% in the 4th quarter. California Public Employees Retirement System now owns 17,500 shares of the technology company’s stock worth $548,000 after acquiring an additional 1,700 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Match Group by 40.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,354 shares of the technology company’s stock worth $172,000 after acquiring an additional 2,129 shares in the last quarter. Institutional investors and hedge funds own 21.95% of the company’s stock.
A number of research analysts recently issued reports on MTCH shares. Wells Fargo & Co reiterated an “outperform” rating and set a $38.00 target price (up previously from $33.00) on shares of Match Group in a research report on Monday, January 8th. Aegis boosted their target price on shares of Match Group from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, November 13th. Guggenheim upgraded shares of Match Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Vetr upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $37.10 target price on the stock in a research report on Tuesday, January 30th. Finally, Deutsche Bank reiterated a “buy” rating and set a $33.00 target price on shares of Match Group in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Match Group presently has an average rating of “Buy” and a consensus target price of $37.94.
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.