Match Group, Inc. (NASDAQ:MTCH – Get Rating) CEO Bernard Jin Kim bought 16,000 shares of Match Group stock in a transaction dated Thursday, August 4th. The stock was purchased at an average price of $63.58 per share, with a total value of $1,017,280.00. Following the purchase, the chief executive officer now directly owns 16,000 shares in the company, valued at approximately $1,017,280. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Match Group Price Performance
Shares of MTCH opened at $67.78 on Friday. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 211.82, a P/E/G ratio of 0.61 and a beta of 1.15. Match Group, Inc. has a fifty-two week low of $59.15 and a fifty-two week high of $182.00. The business’s 50-day moving average is $73.31 and its 200-day moving average is $88.77.
Match Group (NASDAQ:MTCH – Get Rating) last issued its earnings results on Tuesday, May 3rd. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $798.63 million for the quarter, compared to the consensus estimate of $795.03 million. Match Group had a negative return on equity of 164.13% and a net margin of 3.48%. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Equities research analysts expect that Match Group, Inc. will post 2.63 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Institutional Investors Weigh In On Match Group
Several large investors have recently made changes to their positions in MTCH. MUFG Americas Holdings Corp bought a new stake in shares of Match Group in the 4th quarter valued at approximately $25,000. Tyler Stone Wealth Management bought a new stake in shares of Match Group in the 4th quarter valued at approximately $27,000. Tsfg LLC grew its stake in shares of Match Group by 181.1% in the 1st quarter. Tsfg LLC now owns 253 shares of the technology company’s stock valued at $28,000 after buying an additional 163 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Match Group in the 1st quarter valued at approximately $28,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Match Group in the 1st quarter valued at approximately $29,000. Institutional investors own 96.11% of the company’s stock.
About Match Group
Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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