Match Group, Inc. (NASDAQ:MTCH – Get Rating) insider Jared F. Sine sold 7,110 shares of Match Group stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $41.27, for a total value of $293,429.70. Following the completion of the sale, the insider now owns 60,379 shares in the company, valued at $2,491,841.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Match Group Stock Down 0.2 %
Shares of NASDAQ MTCH opened at $41.64 on Monday. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 0.72 and a beta of 1.34. Match Group, Inc. has a 52-week low of $38.64 and a 52-week high of $114.36. The business’s 50 day moving average is $45.56 and its two-hundred day moving average is $47.79.
Match Group (NASDAQ:MTCH – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.17). Match Group had a negative return on equity of 146.76% and a net margin of 11.35%. The company had revenue of $786.15 million for the quarter, compared to analysts’ expectations of $787.34 million. During the same period in the prior year, the company posted ($0.60) EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. Analysts anticipate that Match Group, Inc. will post 2.1 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Institutional Trading of Match Group
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Match Group by 2.2% during the third quarter. BlackRock Inc. now owns 32,902,663 shares of the technology company’s stock worth $1,571,102,000 after acquiring an additional 692,911 shares during the period. Vanguard Group Inc. increased its position in shares of Match Group by 1.7% during the first quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock worth $3,170,951,000 after acquiring an additional 500,418 shares during the period. Moneta Group Investment Advisors LLC increased its position in shares of Match Group by 107,412.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,731,116 shares of the technology company’s stock worth $984,604,000 after acquiring an additional 23,709,043 shares during the period. Edgewood Management LLC increased its holdings in Match Group by 18.5% in the third quarter. Edgewood Management LLC now owns 18,394,460 shares of the technology company’s stock valued at $878,335,000 after buying an additional 2,868,749 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Match Group by 5.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,248,442 shares of the technology company’s stock valued at $1,132,353,000 after buying an additional 827,025 shares during the last quarter. Hedge funds and other institutional investors own 93.53% of the company’s stock.
About Match Group
Match Group, Inc engages in the provision of dating products. It operates under the brand name Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime. The company was founded on February 12, 2009 and is headquartered in Dallas, TX.
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