Today: Match Group Inc. (MTCH) Vice Chairman Sam Yagan Sold 59,646 Shares

Today: Match Group Inc. (MTCH) Vice Chairman Sam Yagan Sold 59,646 Shares

Match Group Inc. (NASDAQ:MTCH) Vice Chairman Sam Yagan sold 59,646 shares of the firm’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $18.01, for a total transaction of $1,074,224.46. Following the completion of the transaction, the insider now directly owns 59,646 shares in the company, valued at $1,074,224.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sam Yagan also recently made the following trade(s): On Tuesday, November 22nd, Sam Yagan sold 149,427 shares of Match Group stock. The stock was sold at an average price of $17.98, for a total transaction of $2,686,697.46.

Shares of Match Group Inc. (NASDAQ:MTCH) traded up 2.28% on Monday, hitting $17.95. 596,177 shares of the company were exchanged. The company has a 50-day moving average price of $17.78 and a 200 day moving average price of $16.04. The firm has a market cap of $4.57 billion and a P/E ratio of 34.85. Match Group Inc. has a 52-week low of $8.41 and a 52-week high of $19.74.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Match Group had a net margin of 11.38% and a return on equity of 42.62%. The company had revenue of $316.40 million for the quarter, compared to analysts’ expectations of $317.92 million. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Analysts predict that Match Group Inc. will post $0.75 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Sheets Smith Wealth Management purchased a new stake in Match Group during the third quarter valued at about $666,000. Scout Investments Inc. purchased a new stake in Match Group during the third quarter valued at about $14,719,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Match Group during the third quarter valued at about $145,000. Blackstone Group L.P. purchased a new stake in Match Group during the third quarter valued at about $4,266,000. Finally, Sunriver Management LLC purchased a new stake in Match Group during the third quarter valued at about $8,643,000. 16.88% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on MTCH. Deutsche Bank AG reissued a “buy” rating and issued a $20.00 price target on shares of Match Group in a research note on Friday, October 21st. Vetr raised shares of Match Group from a “buy” rating to a “strong-buy” rating and set a $20.04 target price on the stock in a research note on Monday, November 21st. Aegis assumed coverage on shares of Match Group in a research note on Friday, November 18th. They set a “buy” rating and a $20.00 target price on the stock. Axiom Securities lifted their target price on shares of Match Group from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 30th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $20.00 target price on shares of Match Group in a research note on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $17.14.

Match Group Company Profile

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