Match Group (NASDAQ:MTCH) Director Ann Mcdaniel Sells 3,531 Shares of Stock

Match Group Inc. (NASDAQ:MTCH) Director Ann Mcdaniel sold 3,531 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $42.43, for a total transaction of $149,820.33. Following the sale, the director directly owned 26,839 shares of the company’s stock, valued at $1,138,778.77. The trade was a 11.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Match Group Price Performance

Shares of MTCH traded down $0.01 on Thursday, reaching $42.43. The company’s stock had a trading volume of 3,488,596 shares, compared to its average volume of 4,124,411. The stock has a market capitalization of $9.74 billion, a P/E ratio of 14.99, a PEG ratio of 0.61 and a beta of 1.32. The stock’s 50 day simple moving average is $39.15 and its two-hundred day simple moving average is $35.59. Match Group Inc. has a 12-month low of $28.81 and a 12-month high of $43.47.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, August 4th. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The business had revenue of $853.11 million during the quarter, compared to analysts’ expectations of $857.77 million. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was down 1.2% on a year-over-year basis. Analysts expect that Match Group Inc. will post 3.31 earnings per share for the current year.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Monday, October 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, October 5th. Match Group’s dividend payout ratio is 28.27%.

Institutional Investors Weigh In On Match Group

A number of institutional investors have recently bought and sold shares of MTCH. Woodline Partners LP bought a new position in shares of Match Group in the first quarter worth about $662,000. Northwestern Mutual Wealth Management Co. raised its stake in Match Group by 20.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,260 shares of the technology company’s stock valued at $162,000 after purchasing an additional 891 shares during the period. First Trust Advisors LP lifted its holdings in Match Group by 45.9% in the 2nd quarter. First Trust Advisors LP now owns 649,721 shares of the technology company’s stock worth $20,070,000 after purchasing an additional 204,472 shares in the last quarter. Amundi lifted its holdings in Match Group by 1,477.6% in the 2nd quarter. Amundi now owns 358,709 shares of the technology company’s stock worth $11,637,000 after purchasing an additional 335,971 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in Match Group in the 2nd quarter worth approximately $298,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Trending Headlines about Match Group

Here are the key news stories impacting Match Group this week:

• Positive Sentiment: Strong post-earnings momentum: Match Group is up 11.2% since its latest earnings report, suggesting investors were encouraged by adjusted earnings that exceeded expectations and improving confidence in the company’s outlook. Revenue was slightly below consensus and declined year over year, but earnings growth and management’s execution appear to be supporting the stock. Why Is Match Group Up Since Last Earnings Report?
• Positive Sentiment: Shares reached a 52-week high: Match Group stock touched $42.51, reflecting sustained buying interest and placing the shares near the top of their recent trading range. The move indicates that market sentiment has improved materially from the stock’s 12-month low. Match Group Stock Hits 52-Week High
• Neutral Sentiment: Tinder product innovation remains a focus: A discussion with Tinder’s product and engineering teams highlighted product velocity and ongoing innovation. The commentary may reinforce expectations for improved user engagement and monetization, but it did not provide specific new financial guidance or quantified near-term results. Match Group Discusses Tinder Product Innovation

Wall Street Analyst Weigh In

MTCH has been the subject of a number of analyst reports. Susquehanna restated a “positive” rating on shares of Match Group in a research report on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $43.00 price objective on shares of Match Group in a research report on Wednesday, May 6th. TD Cowen reduced their target price on shares of Match Group from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Match Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Finally, UBS Group lifted their price target on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.46.

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.