Match Group Inc. (NASDAQ:MTCH - Get Free Report) Director Stephen Bailey sold 4,760 shares of Match Group stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $42.26, for a total transaction of $201,157.60. Following the transaction, the director owned 11,742 shares of the company's stock, valued at $496,216.92. This represents a 28.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Match Group Price Performance
MTCH opened at $41.58 on Friday. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $42.49. The firm has a market capitalization of $9.54 billion, a PE ratio of 14.69, a P/E/G ratio of 0.60 and a beta of 1.30. The company's 50-day moving average is $38.61 and its 200 day moving average is $35.27.
Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. The business had revenue of $853.11 million during the quarter, compared to the consensus estimate of $857.77 million. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%.The company's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. As a group, analysts expect that Match Group Inc. will post 3.31 EPS for the current year.
Match Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Match Group's payout ratio is presently 28.27%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Woodline Partners LP bought a new position in Match Group during the first quarter valued at about $662,000. Northwestern Mutual Wealth Management Co. increased its holdings in Match Group by 20.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,260 shares of the technology company's stock worth $162,000 after buying an additional 891 shares during the last quarter. First Trust Advisors LP raised its position in Match Group by 45.9% in the second quarter. First Trust Advisors LP now owns 649,721 shares of the technology company's stock worth $20,070,000 after acquiring an additional 204,472 shares during the period. Amundi boosted its stake in Match Group by 1,477.6% in the second quarter. Amundi now owns 358,709 shares of the technology company's stock valued at $11,637,000 after acquiring an additional 335,971 shares during the last quarter. Finally, Cresset Asset Management LLC purchased a new position in Match Group in the second quarter valued at about $298,000. Institutional investors own 94.05% of the company's stock.
Analyst Ratings Changes
MTCH has been the subject of a number of analyst reports. Morgan Stanley set a $40.00 price target on Match Group in a research report on Wednesday, August 5th. Wells Fargo & Company lifted their price objective on shares of Match Group from $38.00 to $41.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. initiated coverage on shares of Match Group in a research report on Monday, August 24th. They set a "neutral" rating and a $43.00 price target on the stock. Citigroup raised their price target on shares of Match Group from $33.00 to $39.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Finally, Truist Financial boosted their price target on shares of Match Group from $37.00 to $41.00 and gave the stock a "hold" rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.46.
Get Our Latest Stock Report on Match Group
Match Group Company Profile
(
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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