Insider Selling: Match Group, Inc. (MTCH) Vice Chairman Sells $1,888,111.40 in Stock
Match Group, Inc. (NASDAQ:MTCH) Vice Chairman Sam Yagan sold 98,854 shares of Match Group stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $19.10, for a total transaction of $1,888,111.40. Following the completion of the sale, the insider now directly owns 84,391 shares in the company, valued at approximately $1,611,868.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Sam Yagan also recently made the following trade(s):
- On Wednesday, August 16th, Sam Yagan sold 54,625 shares of Match Group stock. The stock was sold at an average price of $19.31, for a total transaction of $1,054,808.75.
Match Group, Inc. (NASDAQ:MTCH) opened at 21.75 on Friday. Match Group, Inc. has a 1-year low of $14.88 and a 1-year high of $22.59. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 30.94 and a beta of 0.64. The company has a 50-day moving average of $18.89 and a 200-day moving average of $18.01.
Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.03. Match Group had a return on equity of 34.49% and a net margin of 16.21%. The business had revenue of $309.57 million during the quarter, compared to the consensus estimate of $310.36 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. Analysts anticipate that Match Group, Inc. will post $0.88 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its position in Match Group by 127.7% in the first quarter. Parametric Portfolio Associates LLC now owns 79,455 shares of the technology company’s stock valued at $1,298,000 after buying an additional 44,553 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Match Group during the first quarter valued at $836,000. TD Asset Management Inc. increased its position in Match Group by 0.8% in the first quarter. TD Asset Management Inc. now owns 104,000 shares of the technology company’s stock valued at $1,698,000 after buying an additional 806 shares during the last quarter. Karp Capital Management Corp acquired a new position in Match Group during the first quarter valued at $698,000. Finally, UBS Asset Management Americas Inc. acquired a new position in Match Group during the first quarter valued at $181,000. Institutional investors and hedge funds own 19.05% of the company’s stock.
A number of research firms recently commented on MTCH. Jefferies Group LLC reaffirmed a “buy” rating and issued a $23.00 price target on shares of Match Group in a report on Thursday. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Aegis lifted their price target on shares of Match Group from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. BidaskClub cut shares of Match Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Vetr cut shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $19.42 price target on the stock. in a report on Monday, June 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Match Group currently has an average rating of “Buy” and a consensus price target of $20.62.
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.
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