Match Group Target of Unusually High Options Trading (NASDAQ:MTCH)

Match Group Inc (NASDAQ:MTCH) saw unusually large options trading activity on Wednesday. Stock investors acquired 2,334 put options on the company. This is an increase of 1,067% compared to the average daily volume of 200 put options.

In other news, Director Ann Mcdaniel sold 11,119 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 18.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MTCH. Schwab Charles Investment Management Inc. increased its stake in Match Group by 15.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 119,865 shares of the technology company’s stock valued at $2,084,000 after buying an additional 16,401 shares during the period. Private Advisor Group LLC increased its stake in Match Group by 122.3% in the 3rd quarter. Private Advisor Group LLC now owns 27,539 shares of the technology company’s stock valued at $697,000 after buying an additional 15,150 shares during the period. Commonwealth Bank of Australia increased its stake in Match Group by 77.4% in the 3rd quarter. Commonwealth Bank of Australia now owns 35,300 shares of the technology company’s stock valued at $814,000 after buying an additional 15,400 shares during the period. GMT Capital Corp increased its stake in Match Group by 20.6% in the 3rd quarter. GMT Capital Corp now owns 612,200 shares of the technology company’s stock valued at $14,197,000 after buying an additional 104,500 shares during the period. Finally, Koch Industries Inc. increased its stake in Match Group by 1,409.6% in the 2nd quarter. Koch Industries Inc. now owns 566,085 shares of the technology company’s stock valued at $535,000 after buying an additional 528,585 shares during the period. Institutional investors and hedge funds own 20.33% of the company’s stock.

Match Group (MTCH) traded up $2.11 during mid-day trading on Friday, hitting $35.71. 4,297,845 shares of the stock were exchanged, compared to its average volume of 1,699,437. Match Group has a twelve month low of $15.42 and a twelve month high of $36.84. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $9,754.08, a price-to-earnings ratio of 30.01, a P/E/G ratio of 2.72 and a beta of 0.91.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 30.34%. The firm had revenue of $379.00 million for the quarter, compared to analyst estimates of $362.86 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s revenue was up 28.5% compared to the same quarter last year. equities research analysts predict that Match Group will post 0.92 EPS for the current fiscal year.

Several analysts recently commented on MTCH shares. Guggenheim raised shares of Match Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Deutsche Bank reissued a “buy” rating and set a $33.00 target price on shares of Match Group in a research note on Wednesday, November 15th. BidaskClub raised shares of Match Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 25th. Wells Fargo & Co reissued a “buy” rating and set a $29.00 target price (up from $21.00) on shares of Match Group in a research note on Thursday, October 19th. Finally, Vetr raised shares of Match Group from a “buy” rating to a “strong-buy” rating and set a $35.61 target price for the company in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $36.32.

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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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