Match Group (MTCH) Shares Gap Down to $39.41
Shares of Match Group Inc (NASDAQ:MTCH) gapped down before the market opened on Wednesday . The stock had previously closed at $39.36, but opened at $39.41. Match Group shares last traded at $38.42, with a volume of 2747910 shares trading hands.
Several analysts have commented on MTCH shares. BidaskClub upgraded Match Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 29th. Wells Fargo & Co reiterated a “hold” rating on shares of Match Group in a research note on Thursday, November 8th. Zacks Investment Research downgraded Match Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 14th. Jefferies Financial Group increased their target price on Match Group from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, ValuEngine downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Friday, October 19th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $50.94.
The company has a market capitalization of $11.20 billion, a PE ratio of 73.88, a price-to-earnings-growth ratio of 2.60 and a beta of 0.63. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.93.
The company also recently declared a special dividend, which will be paid on Wednesday, December 19th. Stockholders of record on Wednesday, December 5th will be paid a $2.00 dividend. The ex-dividend date is Tuesday, December 4th.
Hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new position in shares of Match Group in the 2nd quarter worth $111,000. Thompson Siegel & Walmsley LLC bought a new position in Match Group in the 3rd quarter worth $116,000. Commonwealth Bank of Australia raised its holdings in Match Group by 155.6% in the 3rd quarter. Commonwealth Bank of Australia now owns 2,300 shares of the technology company’s stock worth $133,000 after purchasing an additional 1,400 shares during the period. Financial Architects Inc raised its holdings in Match Group by 410.3% in the 2nd quarter. Financial Architects Inc now owns 3,649 shares of the technology company’s stock worth $141,000 after purchasing an additional 2,934 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in Match Group in the 2nd quarter worth $150,000. Hedge funds and other institutional investors own 23.50% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.watchlistnews.com/match-group-mtch-shares-gap-down-to-39-41/2663800.html.
About Match Group (NASDAQ:MTCH)
Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.