Match Group, Inc. (NASDAQ:MTCH) Director Sells $20,900.00 in Stock

Posted by on Mar 6th, 2023

Match Group, Inc. (NASDAQ:MTCH – Get Rating) Director Wendi Murdoch sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $41.80, for a total value of $20,900.00. Following the completion of the transaction, the director now directly owns 2,478 shares in the company, valued at $103,580.40. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $41.64 on Monday. The company has a 50 day moving average price of $45.56 and a two-hundred day moving average price of $47.79. The company has a market capitalization of $11.63 billion, a PE 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.

Match Group (NASDAQ:MTCH – Get Rating) last announced its quarterly earnings results on Wednesday, February 1st. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.17). The firm had revenue of $786.15 million during the quarter, compared to analyst estimates of $787.34 million. Match Group had a net margin of 11.35% and a negative return on equity of 146.76%. Match Group’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm earned ($0.60) EPS. On average, sell-side analysts forecast that Match Group, Inc. will post 2.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MTCH. Barclays boosted their target price on Match Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 25th. Citigroup reduced their target price on Match Group from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, February 2nd. Loop Capital boosted their target price on Match Group from $45.00 to $50.00 in a report on Tuesday, January 24th. UBS Group began coverage on Match Group in a report on Thursday, December 8th. They issued a “neutral” rating and a $46.00 target price on the stock. Finally, Jefferies Financial Group boosted their target price on Match Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.44.

Institutional Investors Weigh In On Match Group

Large investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its position in shares of Match Group by 73.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,082 shares of the technology company’s stock valued at $224,000 after purchasing an additional 884 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Match Group by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 840,248 shares of the technology company’s stock worth $91,374,000 after acquiring an additional 26,902 shares in the last quarter. Aviva PLC raised its holdings in shares of Match Group by 4.0% during the first quarter. Aviva PLC now owns 90,746 shares of the technology company’s stock worth $9,868,000 after acquiring an additional 3,455 shares during the period. Prudential PLC bought a new stake in Match Group in the 1st quarter valued at $279,000. Finally, Vanguard Group Inc. boosted its stake in Match Group by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company’s stock worth $3,170,951,000 after purchasing an additional 500,418 shares during the period. 93.53% of the stock is currently owned by institutional investors.

About Match Group

(Get Rating)

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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