Match Group Inc (NASDAQ:MTCH) CFO Gary Swidler sold 158,795 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $57.88, for a total value of $9,191,054.60. Following the transaction, the chief financial officer now directly owns 146,706 shares of the company’s stock, valued at approximately $8,491,343.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of MTCH traded down $0.02 during trading hours on Wednesday, hitting $57.63. The company had a trading volume of 1,327,830 shares, compared to its average volume of 2,128,528. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market cap of $15.74 billion, a PE ratio of 43.33, a P/E/G ratio of 2.42 and a beta of 0.59. Match Group Inc has a 52-week low of $33.30 and a 52-week high of $60.95.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Wednesday, February 6th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. The firm had revenue of $457.00 million during the quarter, compared to analyst estimates of $448.38 million. Match Group had a return on equity of 66.86% and a net margin of 27.48%. Match Group’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, sell-side analysts anticipate that Match Group Inc will post 1.52 EPS for the current year.
MTCH has been the subject of several recent research reports. Aegis lowered their price objective on Match Group from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, November 9th. ValuEngine raised Match Group from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Macquarie initiated coverage on Match Group in a research report on Wednesday, November 28th. They set an “outperform” rating for the company. SunTrust Banks initiated coverage on Match Group in a research report on Tuesday, December 18th. They set a “hold” rating and a $47.00 price objective for the company. Finally, Deutsche Bank raised their price objective on Match Group from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, November 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $52.26.
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Match Group Company Profile
Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
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