Match Group, Inc. (NASDAQ:MTCH) Insider Jared F. Sine Sells 500 Shares of Stock

Match Group, Inc. (NASDAQ:MTCH) insider Jared F. Sine sold 500 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $47.38, for a total transaction of $23,690.00. Following the completion of the sale, the insider now directly owns 31,685 shares in the company, valued at approximately $1,501,235.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Match Group Stock Down 1.6 %

Shares of NASDAQ MTCH opened at $45.26 on Thursday. The firm has a market cap of $12.59 billion, a P/E ratio of 27.60, a PEG ratio of 0.83 and a beta of 1.36. Match Group, Inc. has a twelve month low of $30.73 and a twelve month high of $63.47. The company has a 50 day moving average of $44.99 and a 200 day moving average of $40.05.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, August 1st. The technology company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $830.00 million during the quarter, compared to analyst estimates of $811.55 million. Match Group had a negative return on equity of 121.94% and a net margin of 14.68%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. As a group, equities analysts expect that Match Group, Inc. will post 1.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTCH has been the topic of several research analyst reports. KeyCorp boosted their target price on Match Group from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, August 3rd. Stifel Nicolaus boosted their price objective on shares of Match Group from $37.00 to $44.00 in a research report on Thursday, August 3rd. Piper Sandler raised their target price on shares of Match Group from $55.00 to $60.00 in a research report on Friday, July 14th. Royal Bank of Canada boosted their price target on shares of Match Group from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Finally, StockNews.com started coverage on shares of Match Group in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Match Group presently has an average rating of “Moderate Buy” and an average target price of $58.77.

Hedge Funds Weigh In On Match Group

A number of hedge funds have recently bought and sold shares of MTCH. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Match Group by 19.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,307 shares of the technology company’s stock worth $165,000 after acquiring an additional 711 shares during the period. Glenview Trust co boosted its holdings in Match Group by 57.0% in the first quarter. Glenview Trust co now owns 37,955 shares of the technology company’s stock worth $1,457,000 after purchasing an additional 13,777 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Match Group by 3.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,377 shares of the technology company’s stock worth $6,694,000 after purchasing an additional 5,361 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in Match Group by 2.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 51,420 shares of the technology company’s stock worth $2,133,000 after purchasing an additional 1,029 shares during the period. Finally, Clear Harbor Asset Management LLC raised its stake in Match Group by 30.2% during the 1st quarter. Clear Harbor Asset Management LLC now owns 9,191 shares of the technology company’s stock valued at $353,000 after buying an additional 2,131 shares during the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

Match Group Company Profile

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.