Match Group (MTCH) Earns News Sentiment Rating of 0.18
Media stories about Match Group (NASDAQ:MTCH) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Match Group earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.8287004540817 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- [$$] Tinder Strikes Gold With New Subscription Feature (finance.yahoo.com)
- ETFs with exposure to Match Group, Inc. : October 5, 2017 (finance.yahoo.com)
- $328.49 Million in Sales Expected for Match Group, Inc. (MTCH) This Quarter (americanbankingnews.com)
- IAC Spins Off Angie’s List, Following the Footsteps of Expedia and Match Group (thestreet.com)
- Tinder targets women with animated Reactions (finance.yahoo.com)
Match Group (MTCH) opened at 25.38 on Friday. Match Group has a 52-week low of $15.08 and a 52-week high of $25.57. The firm has a market cap of $6.65 billion, a P/E ratio of 36.10 and a beta of 0.56. The company’s 50 day moving average is $22.43 and its 200-day moving average is $19.25.
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 consensus estimate of $0.19 by ($0.03). The company had revenue of $309.57 million during the quarter, compared to the consensus estimate of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. On average, equities analysts predict that Match Group will post $0.79 EPS for the current fiscal year.
A number of brokerages have recently issued reports on MTCH. Jefferies Group LLC restated a “buy” rating and issued a $28.00 price target on shares of Match Group in a research report on Saturday, September 30th. BidaskClub downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Zacks Investment Research downgraded shares of Match Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Aegis boosted their price target on shares of Match Group from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Finally, Citigroup Inc. boosted their price target on shares of Match Group from $22.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $23.19.
In other Match Group news, Vice Chairman Sam Yagan sold 98,854 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 84,391 shares of the company’s stock, valued at $1,611,868.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Jared F. Sine sold 64,436 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total value of $1,318,360.56. Following the transaction, the general counsel now directly owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 902,498 shares of company stock worth $19,287,878. 18.10% of the stock is currently owned by company insiders.
About Match Group
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.
Receive News & Ratings for Match Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.