Key Points
- Director Melissa Anne Brenner sold 5,141 shares of Match Group stock at an average price of $35.94, a transaction worth about $184,768. After the sale, she still held 16,218 shares, reducing her ownership by 24.07%.
- Match Group shares rose 3.2% and opened at $36.96, giving the company a market cap of about $8.6 billion. The stock has traded between $26.80 and $39.20 over the past year.
- Analysts remain mixed but generally cautious-to-optimistic on MTCH, with recent target price hikes from firms including RBC, Goldman Sachs, TD Cowen, Citigroup, and Barclays. The consensus rating is “Hold,” with an average price target of $41.07.
Match Group Inc. (NASDAQ:MTCH - Get Free Report) Director Melissa Anne Brenner sold 5,141 shares of the company's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the transaction, the director owned 16,218 shares of the company's stock, valued at $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Match Group Trading Up 3.2%
Shares of NASDAQ MTCH opened at $36.96 on Friday. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.58 and a beta of 1.36. Match Group Inc. has a 1-year low of $26.80 and a 1-year high of $39.20. The stock's 50-day moving average is $32.77 and its 200 day moving average is $32.41.
Match Group (NASDAQ:MTCH - Get Free Report) last released its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by ($0.17). Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The firm had revenue of $878.01 million during the quarter, compared to the consensus estimate of $872.86 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The business's quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Match Group Inc. will post 3.05 EPS for the current fiscal year.
Match Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, July 7th. Match Group's payout ratio is presently 30.53%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on MTCH shares. Royal Bank Of Canada increased their target price on shares of Match Group from $37.00 to $42.00 and gave the company an "outperform" rating in a report on Wednesday. The Goldman Sachs Group reissued a "buy" rating and issued a $43.00 price target on shares of Match Group in a research note on Wednesday. TD Cowen upped their price target on shares of Match Group from $37.00 to $44.00 and gave the company a "buy" rating in a research report on Monday. Citigroup lifted their price objective on Match Group from $33.00 to $39.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Barclays boosted their target price on Match Group from $49.00 to $51.00 and gave the company an "overweight" rating in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $41.07.
Get Our Latest Report on MTCH
Key Match Group News
Here are the key news stories impacting Match Group this week:
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in Match Group during the 3rd quarter valued at $27,000. Activest Wealth Management boosted its position in Match Group by 6,523.1% during the 4th quarter. Activest Wealth Management now owns 861 shares of the technology company's stock valued at $28,000 after buying an additional 848 shares during the period. Advisory Services Network LLC bought a new stake in Match Group in the 3rd quarter worth $28,000. Whittier Trust Co. increased its position in shares of Match Group by 91.3% in the first quarter. Whittier Trust Co. now owns 903 shares of the technology company's stock valued at $29,000 after acquiring an additional 431 shares during the period. Finally, Rossby Financial LCC increased its position in shares of Match Group by 126.5% in the third quarter. Rossby Financial LCC now owns 906 shares of the technology company's stock valued at $31,000 after acquiring an additional 506 shares during the period. Institutional investors own 94.05% of the company's stock.
Match Group Company Profile
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Get Free Report)
Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.
Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.
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