Key Points
- Match Group director Glenn Schiffman bought 2,500 shares at an average $38.83 each, spending $97,075. His direct holdings rose 3.59% to 72,059 shares.
- Match Group reported quarterly EPS of $0.73, above the $0.71 consensus, while revenue of $891.23 million fell short of estimates and declined 2.5% year over year.
- Analysts’ consensus rating is “Moderate Buy,” with an average price target of $45.64; the company also announced a quarterly dividend of $0.20 per share.
Match Group Inc. (NASDAQ:MTCH - Get Free Report) Director Glenn Schiffman acquired 2,500 shares of Match Group stock in a transaction that occurred on Thursday, November 5th. The stock was acquired at an average price of $38.83 per share, with a total value of $97,075.00. Following the completion of the purchase, the director directly owned 72,059 shares in the company, valued at $2,798,050.97. This represents a 3.59% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Glenn Schiffman also recently made the following trade(s):
- On Tuesday, August 11th, Glenn Schiffman purchased 3,000 shares of Match Group stock. The stock was bought at an average price of $36.63 per share, with a total value of $109,890.00.
Match Group Stock Performance
NASDAQ:MTCH opened at $39.30 on Tuesday. The business's fifty day moving average is $42.03 and its 200 day moving average is $36.73. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.59 and a beta of 1.47. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $46.67.
Match Group (NASDAQ:MTCH - Get Free Report) last posted its earnings results on Monday, November 2nd. The technology company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.02. Match Group had a negative return on equity of 361.92% and a net margin of 20.69%. The business had revenue of $891.23 million during the quarter, compared to analyst estimates of $892.45 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The company's quarterly revenue was down 2.5% compared to the same quarter last year. Equities analysts predict that Match Group Inc. will post 3.19 EPS for the current fiscal year.
Match Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 21st. Investors of record on Wednesday, January 6th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, January 6th. Match Group's payout ratio is presently 27.21%.
Institutional Trading of Match Group
A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in shares of Match Group in the 2nd quarter worth approximately $77,859,000. PointState Capital LP bought a new stake in shares of Match Group during the 2nd quarter valued at about $41,754,000. Man Group plc bought a new position in Match Group in the second quarter worth about $23,631,000. Redwood Investment Management LLC bought a new stake in Match Group during the 2nd quarter valued at approximately $2,275,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Match Group during the 2nd quarter worth approximately $1,910,000. Hedge funds and other institutional investors own 94.05% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on MTCH shares. Wall Street Zen downgraded shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Wells Fargo & Company lowered their price objective on shares of Match Group from $39.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 3rd. UBS Group raised their price target on Match Group from $38.00 to $43.00 and gave the company a "neutral" rating in a research report on Tuesday, November 3rd. Morgan Stanley set a $40.00 price objective on Match Group in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. began coverage on Match Group in a research note on Monday, August 24th. They issued a "neutral" rating and a $43.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $45.64.
Read Our Latest Research Report on Match Group
Match Group Company Profile
(
Get Free Report)
Match Group, Inc is a global provider of online dating products and services. Its portfolio includes Tinder, Hinge, Match, OkCupid, Plenty of Fish, Meetic, and OurTime, among other brands. These services help people meet and build relationships through mobile apps and websites, with features and subscription options that vary by brand and market.
The company serves users in countries around the world. Its brands are designed for different audiences and dating preferences, from broad-based platforms to services focused on particular age groups or regions.
Match Group traces its roots to Match.com, which launched in 1995.
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