Match Group Inc (MTCH) Director Ann Mcdaniel Sells 5,676 Shares
Match Group Inc (NASDAQ:MTCH) Director Ann Mcdaniel sold 5,676 shares of Match Group stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $40.09, for a total transaction of $227,550.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Match Group Inc (NASDAQ:MTCH) opened at $40.82 on Friday. Match Group Inc has a 12 month low of $15.42 and a 12 month high of $43.52. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40. The stock has a market cap of $11,149.86, a P/E ratio of 34.30, a P/E/G ratio of 2.81 and a beta of 0.45.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Match Group had a return on equity of 30.34% and a net margin of 26.31%. The firm had revenue of $379.00 million during the quarter, compared to analysts’ expectations of $362.86 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s revenue was up 28.5% compared to the same quarter last year. equities research analysts forecast that Match Group Inc will post 0.91 EPS for the current fiscal year.
A number of brokerages recently weighed in on MTCH. Piper Jaffray Companies lifted their price objective on shares of Match Group to $48.00 and gave the company an “overweight” rating in a report on Friday. ValuEngine upgraded shares of Match Group from a “hold” rating to a “buy” rating in a report on Thursday. BMO Capital Markets lifted their price objective on shares of Match Group from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. TheStreet cut shares of Match Group from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $42.00 price objective (up previously from $39.00) on shares of Match Group in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $37.01.
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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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