Insider Selling: Match Group Inc (NASDAQ:MTCH) Insider Sells 24,641 Shares of Stock

Match Group Inc (NASDAQ:MTCH) insider Jared F. Sine sold 24,641 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $81.58, for a total value of $2,010,212.78. Following the completion of the sale, the insider now directly owns 39,649 shares of the company’s stock, valued at $3,234,565.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ MTCH traded up $2.04 during mid-day trading on Friday, hitting $84.51. 2,092,365 shares of the company were exchanged, compared to its average volume of 1,871,886. The company has a quick ratio of 1.13, a current ratio of 1.32 and a debt-to-equity ratio of 7.63. The stock has a 50 day simple moving average of $75.83 and a 200-day simple moving average of $65.14. Match Group Inc has a 1-year low of $33.30 and a 1-year high of $95.32. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 63.54, a price-to-earnings-growth ratio of 2.74 and a beta of 0.27.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Match Group had a return on equity of 166.69% and a net margin of 26.51%. The firm had revenue of $498.00 million during the quarter, compared to the consensus estimate of $489.16 million. During the same period last year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts anticipate that Match Group Inc will post 1.77 earnings per share for the current fiscal year.



Several equities research analysts have recently weighed in on MTCH shares. Nomura increased their price objective on Match Group from $62.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. ValuEngine raised Match Group from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. BidaskClub raised Match Group from a “hold” rating to a “buy” rating in a report on Friday, July 19th. UBS Group downgraded Match Group from a “buy” rating to a “neutral” rating and increased their price objective for the company from $77.00 to $95.00 in a report on Thursday, August 8th. Finally, Goldman Sachs Group raised Match Group from a “sell” rating to a “neutral” rating and increased their price objective for the company from $48.00 to $66.00 in a report on Thursday, May 9th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Match Group currently has a consensus rating of “Buy” and a consensus price target of $86.91.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Match Group by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 280,506 shares of the technology company’s stock valued at $11,997,000 after acquiring an additional 12,987 shares during the period. Legal & General Group Plc increased its position in shares of Match Group by 1,257.1% in the fourth quarter. Legal & General Group Plc now owns 21,700 shares of the technology company’s stock valued at $928,000 after acquiring an additional 20,101 shares during the period. Geode Capital Management LLC increased its position in shares of Match Group by 11.1% in the fourth quarter. Geode Capital Management LLC now owns 565,699 shares of the technology company’s stock valued at $24,194,000 after acquiring an additional 56,727 shares during the period. Cambridge Trust Co. increased its position in shares of Match Group by 5.3% in the first quarter. Cambridge Trust Co. now owns 10,571 shares of the technology company’s stock valued at $599,000 after acquiring an additional 530 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Match Group in the first quarter valued at about $581,000. 22.04% of the stock is owned by hedge funds and other institutional investors.

Match Group Company Profile

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

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