Match Group Inc (NASDAQ:MTCH) CAO Philip D. Eigenmann sold 8,813 shares of the company's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $85.23, for a total value of $751,131.99. Following the completion of the sale, the chief accounting officer now owns 13,134 shares in the company, valued at approximately $1,119,410.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of MTCH stock traded up $1.91 during trading hours on Thursday, reaching $87.88. The company had a trading volume of 438,997 shares, compared to its average volume of 1,907,426. The company has a debt-to-equity ratio of 7.09, a quick ratio of 2.65 and a current ratio of 2.65. The stock has a fifty day moving average of $78.10 and a 200-day moving average of $74.28. The company has a market capitalization of $24.49 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 2.99 and a beta of 0.52. Match Group Inc has a 12-month low of $44.74 and a 12-month high of $95.32.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.19. The business had revenue of $544.60 million during the quarter, compared to analyst estimates of $545.02 million. Match Group had a return on equity of 199.73% and a net margin of 26.84%. The business's revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.42 earnings per share. On average, analysts forecast that Match Group Inc will post 2.13 EPS for the current year.
MTCH has been the topic of a number of recent research reports. Citigroup upped their target price on Match Group from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. BMO Capital Markets upped their price target on Match Group from $65.00 to $85.00 and gave the stock a "market perform" rating in a report on Thursday, May 7th. Nomura Instinet upped their price target on Match Group from $84.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Oppenheimer upped their price target on Match Group from $80.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. Finally, ValuEngine raised Match Group from a "sell" rating to a "hold" rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company's stock. The stock presently has an average rating of "Buy" and an average price target of $92.26.
Several hedge funds have recently bought and sold shares of MTCH. Sunbelt Securities Inc. purchased a new position in Match Group in the fourth quarter worth approximately $4,106,000. Schroder Investment Management Group purchased a new position in Match Group in the fourth quarter worth approximately $30,000. Parallel Advisors LLC purchased a new position in Match Group in the fourth quarter worth approximately $39,000. 1776 Wealth LLC grew its position in Match Group by 317.9% in the first quarter. 1776 Wealth LLC now owns 514 shares of the technology company's stock worth $33,000 after acquiring an additional 391 shares during the period. Finally, Synovus Financial Corp grew its position in Match Group by 68.2% in the first quarter. Synovus Financial Corp now owns 540 shares of the technology company's stock worth $35,000 after acquiring an additional 219 shares during the period. Institutional investors and hedge funds own 30.68% of the company's stock.
About Match Group
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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