Insider Selling: Match Group Inc (MTCH) President Sells 141,149 Shares of Stock

Match Group Inc (NASDAQ:MTCH) President Sharmistha Dubey sold 141,149 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $37.99, for a total transaction of $5,362,250.51. Following the sale, the president now directly owns 78,650 shares of the company’s stock, valued at $2,987,913.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Match Group Inc (MTCH) opened at $41.91 on Thursday. The firm has a market cap of $11,450.00 and a price-to-earnings ratio of 34.93. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. Match Group Inc has a fifty-two week low of $15.42 and a fifty-two week high of $42.48.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). The company had revenue of $379.00 million for the quarter, compared to analyst estimates of $362.86 million. Match Group had a return on equity of 30.34% and a net margin of 26.31%. Match Group’s revenue was up 28.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. sell-side analysts predict that Match Group Inc will post 0.91 earnings per share for the current year.

A number of equities research analysts recently weighed in on MTCH shares. Wells Fargo & Co reaffirmed a “buy” rating and set a $29.00 price target (up from $21.00) on shares of Match Group in a report on Thursday, October 19th. Barclays raised their price target on shares of Match Group from $20.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. Zacks Investment Research lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $33.00 price target (up from $28.00) on shares of Match Group in a report on Wednesday, November 8th. Finally, UBS Group lowered shares of Match Group from an “outperform” rating to a “market perform” rating and raised their price target for the company from $28.00 to $35.00 in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $36.32.

Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC grew its holdings in Match Group by 499.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock worth $111,000 after acquiring an additional 5,333 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in Match Group by 211.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after acquiring an additional 2,434 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Match Group by 2,627.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock worth $117,000 after acquiring an additional 3,600 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Match Group by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after acquiring an additional 519 shares in the last quarter. Finally, Delpha Capital Management LLC acquired a new position in Match Group during the 4th quarter worth $138,000. 20.72% of the stock is owned by institutional investors.

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Match Group Company Profile

Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.

Insider Buying and Selling by Quarter for Match Group (NASDAQ:MTCH)

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