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

Match Group, Inc. (NASDAQ:MTCHGet Free Report) insider Jared F. Sine sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $38.76, for a total transaction of $19,380.00. Following the transaction, the insider now directly owns 29,352 shares in the company, valued at approximately $1,137,683.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Match Group Stock Performance

MTCH stock opened at $37.42 on Friday. The company’s 50 day moving average price is $35.48 and its 200 day moving average price is $38.25. Match Group, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $50.94. The firm has a market capitalization of $10.17 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 0.60 and a beta of 1.44.

Match Group (NASDAQ:MTCHGet Free Report) last released its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $861.31 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that Match Group, Inc. will post 2.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on MTCH. Truist Financial decreased their target price on shares of Match Group from $50.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. KeyCorp upped their target price on shares of Match Group from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley decreased their target price on shares of Match Group from $97.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. JPMorgan Chase & Co. decreased their target price on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Citigroup upped their target price on shares of Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Match Group currently has a consensus rating of “Moderate Buy” and an average price target of $47.37.

Read Our Latest Analysis on MTCH

Institutional Trading of Match Group

A number of large investors have recently made changes to their positions in MTCH. Massmutual Trust Co. FSB ADV increased its stake in Match Group by 53.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 716 shares of the technology company’s stock valued at $30,000 after purchasing an additional 248 shares during the last quarter. Money Concepts Capital Corp increased its stake in Match Group by 27.0% in the fourth quarter. Money Concepts Capital Corp now owns 1,209 shares of the technology company’s stock valued at $50,000 after purchasing an additional 257 shares during the last quarter. Signaturefd LLC increased its stake in Match Group by 23.6% in the second quarter. Signaturefd LLC now owns 1,453 shares of the technology company’s stock valued at $61,000 after purchasing an additional 277 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in Match Group by 4.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 6,936 shares of the technology company’s stock valued at $754,000 after purchasing an additional 280 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Match Group by 2.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 10,192 shares of the technology company’s stock valued at $487,000 after purchasing an additional 283 shares during the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

About Match Group

(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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Insider Buying and Selling by Quarter for Match Group (NASDAQ:MTCH)

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