Match Group, Inc. (NASDAQ:MTCH) General Counsel Jared F. Sine sold 64,436 shares of Match Group stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total transaction of $1,318,360.56. Following the completion of the sale, the general counsel now owns 64,436 shares of the company’s stock, valued at $1,318,360.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Match Group, Inc. (NASDAQ MTCH) traded up 2.76% during mid-day trading on Friday, hitting $22.35. 2,392,496 shares of the company’s stock were exchanged. The stock has a market cap of $5.86 billion, a PE ratio of 31.79 and a beta of 0.64. The stock’s 50 day moving average price is $19.00 and its 200-day moving average price is $18.05. Match Group, Inc. has a 12 month low of $14.88 and a 12 month high of $22.93.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data 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. The company had revenue of $309.57 million for the quarter, compared to analysts’ expectations of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. Equities analysts expect that Match Group, Inc. will post $0.88 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $23.00 price target on shares of Match Group in a research report on Thursday. BidaskClub downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Aegis lifted their price target on shares of Match Group from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Match Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Vetr downgraded shares of Match Group from a “buy” rating to a “hold” rating and set a $20.78 price target for the company. in a research report on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.62.

Several hedge funds have recently bought and sold shares of the stock. Mutual of America Capital Management LLC boosted its stake in Match Group by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock valued at $114,000 after buying an additional 1,156 shares during the period. Parametric Portfolio Associates LLC boosted its stake 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 period. Engineers Gate Manager LP bought a new stake in Match Group during the first quarter valued at $836,000. TD Asset Management Inc. boosted its stake 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 period. Finally, Karp Capital Management Corp bought a new stake in Match Group during the first quarter valued at $698,000. Hedge funds and other institutional investors own 19.05% of the company’s stock.

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.

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

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