Shares of Match Group (NASDAQ:MTCH) reached a new 52-week high and low during trading on Tuesday . The company traded as low as $48.65 and last traded at $48.42, with a volume of 1037720 shares changing hands. The stock had previously closed at $46.16.
A number of analysts recently commented on the company. Zacks Investment Research lowered Match Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. UBS lowered Match Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $46.79 to $35.00 in a research note on Thursday, March 15th. Vetr lowered Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price objective on the stock. in a research note on Monday, January 8th. Jefferies Group increased their price objective on Match Group to $50.00 and gave the company a “buy” rating in a research note on Wednesday, March 7th. Finally, ValuEngine raised Match Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Match Group has an average rating of “Buy” and a consensus price target of $39.32.
The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.50. The company has a market capitalization of $13,192.53, a PE ratio of 80.15, a PEG ratio of 3.71 and a beta of 0.29.
In other news, Director Gregory R. Blatt sold 456,673 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $39.71, for a total value of $18,134,484.83. Following the transaction, the director now directly owns 2,504,859 shares in the company, valued at approximately $99,467,950.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ann Mcdaniel sold 5,676 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $40.09, for a total value of $227,550.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 721,437 shares of company stock worth $28,580,747. 18.10% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Match Group in the 4th quarter worth about $313,000. J. Goldman & Co LP raised its holdings in shares of Match Group by 79.5% in the 4th quarter. J. Goldman & Co LP now owns 60,896 shares of the technology company’s stock worth $1,907,000 after purchasing an additional 26,964 shares during the period. Sterling Capital Management LLC purchased a new position in shares of Match Group in the 4th quarter worth about $1,725,000. Macquarie Group Ltd. raised its holdings in shares of Match Group by 356.0% in the 4th quarter. Macquarie Group Ltd. now owns 1,580,750 shares of the technology company’s stock worth $49,494,000 after purchasing an additional 1,234,092 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Match Group by 18.0% in the 4th quarter. LPL Financial LLC now owns 27,113 shares of the technology company’s stock worth $849,000 after purchasing an additional 4,133 shares during the period. Institutional investors own 22.05% of the company’s stock.
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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.
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