Match Group, Inc. (NASDAQ: MTCH – Get a rating) CEO Bernard Jin Kim bought 16,000 shares in a trade on Thursday, August 4. The stock was purchased at an average price of $63.58 per share, for a total transaction of $1,017,280.00. Following completion of the transaction, the CEO now directly owns 16,000 shares of the company, valued at $1,017,280. The acquisition was disclosed in a legal filing with the SEC, available at this hyperlink.
Match group exchange up 1.7%
Shares of MTCH rose $1.15 during Friday trading hours, hitting $67.68. 125,578 shares of the stock were traded, compared to its average volume of 3,331,085. Match Group, Inc. has a 1-year low of $59.15 and a 1-year high of $182.00. The company has a fifty-day moving average of $73.55 and a 200-day moving average of $89.10. The company has a market capitalization of $19.33 billion, a PE ratio of 207.91, a growth price-earnings ratio of 0.58 and a beta of 1.15.
Match Group (NASDAQ:MTCH – Get a rating) last reported results on Tuesday, May 3. The technology company reported earnings per share of $0.60 for the quarter, beating the consensus estimate of $0.56 by $0.04. Match Group had a negative return on equity of 164.13% and a net margin of 3.48%. The company posted revenue of $798.63 million for the quarter, versus analyst estimates of $795.03 million. In the same quarter a year earlier, the company posted earnings per share of $0.57. The company’s quarterly revenue increased 19.6% year over year. As a group, equity research analysts expect Match Group, Inc. to post earnings per share of 2.63 for the current fiscal year.
Hedge funds weigh on Match Group
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Several hedge funds have recently increased or reduced their holdings in the stock. Diversified Trust Co increased its holdings of Match Group shares by 26.8% in the first quarter. Diversified Trust Co now owns 2,122 shares of the technology company worth $231,000 after acquiring 448 more shares in the last quarter. Metis Global Partners LLC increased its stake in Match Group shares by 82.0% in the first quarter. Metis Global Partners LLC now owns 4,396 shares of the technology company worth $478,000 after acquiring 1,980 additional shares last quarter. Riverview Trust Co increased its holdings of Match Group shares by 24.1% in the first quarter. Riverview Trust Co now owns 1,351 shares of the technology company worth $147,000 after acquiring 262 more shares in the last quarter. Gotham Asset Management LLC increased its holdings of Match Group stock by 547.5% in the fourth quarter. Gotham Asset Management LLC now owns 34,886 shares of the technology company worth $4,614,000 after acquiring 29,498 additional shares last quarter. Finally, Mount Yale Investment Advisors LLC increased its stake in Match Group shares by 8.6% in the first quarter. Mount Yale Investment Advisors LLC now owns 13,621 shares of the technology company worth $1,481,000 after acquiring 1,083 additional shares in the last quarter. Institutional investors and hedge funds own 96.11% of the company’s shares.
Analyst upgrades and downgrades
A number of analysts have weighed in on the company. JPMorgan Chase & Co. lowered its price target on Match Group from $125.00 to $105.00 in a Tuesday, July 19 research report. KeyCorp lowered its price target on Match Group from $90.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday. Wells Fargo & Company downgraded Match Group from a “weighted” rating to an “overweight” rating and lowered its price target for the stock from $140.00 to $115.00 in a Monday, May 9 report . Cowen cut his target price on Match Group from $128.00 to $100.00 and set an “outperform” rating on the stock in a report released Thursday. Finally, Morgan Stanley lowered its price target on Match Group from $150.00 to $100.00 and set the stock an “overweight” rating in a report on Thursday. One stock research analyst gave the stock a sell rating, four issued a hold rating and sixteen issued a buy rating to the company’s stock. According to data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and an average target price of $98.86.
Correspondence Group Company Profile
Match Group, Inc provides dating products worldwide. The Company’s brand portfolio includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish and OurTime, along with various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
Further reading
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