News headlines about Match Group (NASDAQ:MTCH) have trended somewhat positive on Sunday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Match Group earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.5290273090117 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- Match Group, Inc. (MTCH) Lacking Vigorous Positions in Performance Measures – Stock News Stop (stockmarketstop.com)
- Match Group, Inc. (NASDAQ: MTCH) – Hot Stock’s Highlights – Alpha Beta Stock (alphabetastock.com)
- Match Group Announces Pricing of Senior Notes Offering (finance.yahoo.com)
- Match Group, Inc. (MTCH) Earns “Buy” Rating from Deutsche Bank AG (americanbankingnews.com)
- $346.21 Million in Sales Expected for Match Group, Inc. (MTCH) This Quarter (americanbankingnews.com)
Several equities analysts have recently issued reports on the stock. Cowen and Company reiterated a “buy” rating and set a $33.00 target price on shares of Match Group in a report on Friday, November 10th. BMO Capital Markets lifted their target price on shares of Match Group from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Oppenheimer Holdings, Inc. lowered shares of Match Group from an “outperform” rating to a “market perform” rating in a report on Thursday, November 9th. Aegis lifted their target price on shares of Match Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Monday, November 13th. Finally, UBS AG lowered shares of Match Group from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $28.00 to $35.00 in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Match Group currently has a consensus rating of “Buy” and a consensus target price of $30.89.
Shares of Match Group (MTCH) traded up $0.18 on Friday, hitting $28.82. 1,689,405 shares of the company traded hands, compared to its average volume of 2,225,197. The company has a market capitalization of $7,872.10, a P/E ratio of 48.85, a P/E/G ratio of 3.66 and a beta of 0.68. 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 has a 12 month low of $15.42 and a 12 month high of $32.87.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, November 7th. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The company had revenue of $343.40 million during the quarter, compared to the consensus estimate of $329.19 million. During the same period last year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. equities analysts predict that Match Group will post 0.63 earnings per share for the current fiscal year.
In other Match Group news, General Counsel Jared F. Sine sold 64,436 shares of Match Group stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total value of $1,318,360.56. Following the completion of the sale, the general counsel now owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Sam Yagan sold 684,583 shares of Match Group stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $21.95, for a total transaction of $15,026,596.85. Following the completion of the sale, the insider now directly owns 464,963 shares of the company’s stock, valued at approximately $10,205,937.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 847,873 shares of company stock valued at $18,233,069. 18.10% of the stock is currently owned by insiders.
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.
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