Match Group (MTCH) Reaches New 12-Month High at $62.63
Match Group Inc (NASDAQ:MTCH)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.63 and last traded at $62.08, with a volume of 117763 shares. The stock had previously closed at $61.04.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Match Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. BidaskClub raised Match Group from a “buy” rating to a “strong-buy” rating in a report on Friday, March 22nd. Nomura reissued a “neutral” rating and set a $48.00 target price (down previously from $55.00) on shares of Match Group in a report on Friday, February 8th. Deutsche Bank cut Match Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $61.00 to $53.86 in a report on Wednesday, February 6th. Finally, ValuEngine cut Match Group from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $53.37.
The firm has a market cap of $17.00 billion, a P/E ratio of 46.51, a P/E/G ratio of 2.60 and a beta of 0.57. The company has a debt-to-equity ratio of 12.04, a current ratio of 0.97 and a quick ratio of 0.97.
In related news, President Sharmistha Dubey sold 121,964 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $57.64, for a total value of $7,030,004.96. Following the completion of the sale, the president now owns 83,591 shares of the company’s stock, valued at $4,818,185.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, General Counsel Jared F. Sine sold 13,764 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $57.76, for a total value of $795,008.64. Following the completion of the sale, the general counsel now directly owns 28,789 shares of the company’s stock, valued at approximately $1,662,852.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 345,705 shares of company stock valued at $19,966,091. Insiders own 7.00% of the company’s stock.
Several large investors have recently bought and sold shares of MTCH. Scout Investments Inc. increased its stake in Match Group by 5.8% during the first quarter. Scout Investments Inc. now owns 276,357 shares of the technology company’s stock worth $15,645,000 after acquiring an additional 15,186 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Match Group by 4.5% during the fourth quarter. Private Advisor Group LLC now owns 25,328 shares of the technology company’s stock worth $1,083,000 after buying an additional 1,086 shares during the period. CenturyLink Investment Management Co purchased a new position in shares of Match Group during the fourth quarter worth $648,000. Virginia Retirement Systems ET AL boosted its position in shares of Match Group by 28.7% during the fourth quarter. Virginia Retirement Systems ET AL now owns 14,800 shares of the technology company’s stock worth $633,000 after buying an additional 3,300 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Match Group by 28.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 280,970 shares of the technology company’s stock worth $12,017,000 after buying an additional 62,448 shares during the period. 20.91% of the stock is owned by hedge funds and other institutional investors.
Match Group Company Profile (NASDAQ:MTCH)
Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.
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