MTCH has been the topic of a number of other research reports. ValuEngine upgraded Match Group from a hold rating to a buy rating in a report on Wednesday, August 8th. BidaskClub cut Match Group from a hold rating to a sell rating in a report on Wednesday, August 1st. Nomura began coverage on Match Group in a report on Thursday, October 11th. They issued a buy rating and a $66.00 price target on the stock. Deutsche Bank upped their price target on Match Group from $56.00 to $61.00 and gave the stock a buy rating in a report on Monday. Finally, UBS Group upped their price target on Match Group from $52.00 to $66.00 and gave the stock a buy rating in a report on Wednesday, September 26th. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Match Group currently has a consensus rating of Buy and a consensus price target of $49.82.
Shares of MTCH traded down $0.96 on Thursday, reaching $42.71. The stock had a trading volume of 4,308,147 shares, compared to its average volume of 2,501,783. The stock has a market cap of $14.25 billion, a P/E ratio of 82.13, a P/E/G ratio of 3.32 and a beta of 0.74. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.54 and a quick ratio of 1.54. Match Group has a twelve month low of $27.59 and a twelve month high of $60.95.
The business also recently announced a special dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th will be issued a dividend of $2.00 per share. The ex-dividend date is Tuesday, December 4th.
In other Match Group news, CEO Amanda Ginsberg sold 106,850 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $49.37, for a total transaction of $5,275,184.50. Following the sale, the chief executive officer now owns 62,682 shares in the company, valued at approximately $3,094,610.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gary Swidler sold 105,611 shares of the stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $49.57, for a total value of $5,235,137.27. Following the sale, the chief financial officer now owns 266,010 shares in the company, valued at approximately $13,186,115.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 251,000 shares of company stock worth $12,382,872. 7.00% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in MTCH. Bank of Hawaii acquired a new stake in shares of Match Group during the third quarter worth $791,000. FMR LLC boosted its holdings in shares of Match Group by 33.0% during the third quarter. FMR LLC now owns 1,800,357 shares of the technology company’s stock worth $104,258,000 after purchasing an additional 447,057 shares during the last quarter. FIL Ltd boosted its holdings in shares of Match Group by 303.1% during the third quarter. FIL Ltd now owns 1,073,520 shares of the technology company’s stock worth $62,167,000 after purchasing an additional 807,194 shares during the last quarter. Ffcm LLC boosted its holdings in shares of Match Group by 5.7% during the third quarter. Ffcm LLC now owns 23,872 shares of the technology company’s stock worth $1,382,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Match Group by 4.0% during the third quarter. Bank of New York Mellon Corp now owns 514,390 shares of the technology company’s stock worth $29,788,000 after purchasing an additional 19,651 shares during the last quarter. Hedge funds and other institutional investors own 21.68% of the company’s stock.
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.
Further Reading: Cost of Capital
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