Match Group Inc (MTCH) General Counsel Jared F. Sine Sells 9,953 Shares of Stock

Match Group Inc (NASDAQ:MTCH) General Counsel Jared F. Sine sold 9,953 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $38.19, for a total transaction of $380,105.07. Following the sale, the general counsel now owns 25,000 shares of the company’s stock, valued at approximately $954,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Match Group Inc (NASDAQ:MTCH) traded up $2.31 during midday trading on Thursday, hitting $41.91. 6,086,900 shares of the stock traded hands, compared to its average volume of 2,003,556. The company has a market cap of $11,450.00 and a price-to-earnings ratio of 34.93. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.40. Match Group Inc has a one year low of $15.42 and a one year high of $42.50.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). The business had revenue of $379.00 million during the quarter, compared to the consensus estimate of $362.86 million. Match Group had a net margin of 26.31% and a return on equity of 30.34%. The firm’s revenue for the quarter was up 28.5% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. equities research analysts expect that Match Group Inc will post 0.91 EPS for the current year.

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $42.00 target price (up previously from $39.00) on shares of Match Group in a research report on Thursday, February 8th. Barclays increased their price objective on shares of Match Group from $30.00 to $37.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. BMO Capital Markets increased their price objective on shares of Match Group from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Vetr lowered shares of Match Group from a “buy” rating to a “hold” rating and set a $37.10 price objective on the stock. in a report on Thursday, February 8th. Finally, Bank of America increased their price objective on shares of Match Group from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $36.32.

Several hedge funds and other institutional investors have recently modified their holdings of MTCH. Wells Fargo & Company MN boosted its stake in shares of Match Group by 163.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,649,016 shares of the technology company’s stock valued at $82,940,000 after purchasing an additional 1,645,294 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Match Group by 34.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after purchasing an additional 1,617,950 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Match Group by 356.0% in the 4th quarter. Macquarie Group Ltd. now owns 1,580,750 shares of the technology company’s stock valued at $49,494,000 after purchasing an additional 1,234,092 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Match Group by 306.1% in the 4th quarter. First Trust Advisors LP now owns 1,431,403 shares of the technology company’s stock valued at $44,817,000 after purchasing an additional 1,078,925 shares during the last quarter. Finally, Rathbone Brothers plc bought a new position in shares of Match Group in the 4th quarter valued at about $21,103,000. 20.72% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Match Group Inc (MTCH) General Counsel Jared F. Sine Sells 9,953 Shares of Stock” was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://weekherald.com/2018/02/15/match-group-inc-mtch-general-counsel-jared-f-sine-sells-9953-shares-of-stock.html.

About Match Group

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)

Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply