Match Group (NASDAQ:MTCH) Director Buys $97,075.00 in Stock

Match Group Inc. (NASDAQ:MTCH) Director Glenn Schiffman bought 2,500 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were acquired at an average cost of $38.83 per share, with a total value of $97,075.00. Following the completion of the purchase, the director owned 72,059 shares in the company, valued at approximately $2,798,050.97. This represents a 3.59% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Glenn Schiffman also recently made the following trade(s):

• On Tuesday, August 11th, Glenn Schiffman purchased 3,000 shares of Match Group stock. The stock was acquired at an average cost of $36.63 per share, with a total value of $109,890.00.

Match Group Stock Up 0.7%

Shares of Match Group stock traded up $0.27 during trading on Monday, reaching $39.30. The company’s stock had a trading volume of 4,113,270 shares, compared to its average volume of 4,029,576. Match Group Inc. has a 12-month low of $28.81 and a 12-month high of $46.67. The company has a market capitalization of $9.02 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47. The business has a 50 day moving average price of $42.07 and a 200-day moving average price of $36.69.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $891.23 million for the quarter, compared to analyst estimates of $892.45 million. Match Group had a negative return on equity of 361.92% and a net margin of 20.69%. Match Group’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. Research analysts predict that Match Group Inc. will post 3.19 EPS for the current fiscal year.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 21st. Shareholders of record on Wednesday, January 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, January 6th. Match Group’s payout ratio is presently 27.21%.

Hedge Funds Weigh In On Match Group

Several hedge funds and other institutional investors have recently bought and sold shares of MTCH. Bank of America Corp DE acquired a new stake in Match Group in the second quarter valued at $77,859,000. PointState Capital LP purchased a new position in shares of Match Group in the second quarter valued at $41,754,000. Man Group plc acquired a new position in shares of Match Group during the 2nd quarter worth $23,631,000. Redwood Investment Management LLC acquired a new position in shares of Match Group during the 2nd quarter worth $2,275,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Match Group during the 2nd quarter worth $1,910,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MTCH shares. BTIG Research reiterated a “neutral” rating on shares of Match Group in a report on Tuesday, November 3rd. TD Cowen raised their price objective on shares of Match Group from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, October 27th. Weiss Ratings raised shares of Match Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Zacks Research lowered shares of Match Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Barclays increased their target price on shares of Match Group from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Tuesday, November 3rd. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and an average target price of $45.64.

About Match Group

Match Group, Inc is a global provider of online dating products and services. Its portfolio includes Tinder, Hinge, Match, OkCupid, Plenty of Fish, Meetic, and OurTime, among other brands. These services help people meet and build relationships through mobile apps and websites, with features and subscription options that vary by brand and market.

The company serves users in countries around the world. Its brands are designed for different audiences and dating preferences, from broad-based platforms to services focused on particular age groups or regions.

Match Group traces its roots to Match.com, which launched in 1995.