Match Group, Inc. (NASDAQ:MTCH) Director Sells 801 Shares

Match Group, Inc. (NASDAQ:MTCH) Director Stephen Bailey sold 801 shares of Match Group stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total transaction of $25,319.61. Following the completion of the transaction, the director now owns 12,398 shares of the company’s stock, valued at $391,900.78. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Match Group Stock Performance

NASDAQ:MTCH traded up $0.09 on Tuesday, reaching $32.66. The company’s stock had a trading volume of 2,905,239 shares, compared to its average volume of 5,237,409. The firm has a market cap of $8.20 billion, a PE ratio of 14.43, a PEG ratio of 0.87 and a beta of 1.51. The business’s 50-day moving average price is $35.63 and its two-hundred day moving average price is $33.98. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42.

Analyst Ratings Changes

MTCH has been the topic of several research analyst reports. UBS Group decreased their target price on Match Group from $43.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Susquehanna lowered their price objective on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price on the stock in a research report on Monday, August 5th. Stifel Nicolaus boosted their price objective on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Finally, StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.73.

Institutional Trading of Match Group

Several hedge funds have recently bought and sold shares of MTCH. Sumitomo Life Insurance Co. boosted its holdings in shares of Match Group by 2.9% in the third quarter. Sumitomo Life Insurance Co. now owns 10,647 shares of the technology company’s stock valued at $403,000 after buying an additional 297 shares during the period. Fulton Bank N.A. boosted its stake in Match Group by 3.1% in the 3rd quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company’s stock worth $379,000 after purchasing an additional 299 shares during the period. Prestige Wealth Management Group LLC increased its holdings in Match Group by 8.9% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company’s stock worth $133,000 after purchasing an additional 357 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Match Group by 1.5% in the 3rd quarter. Empirical Finance LLC now owns 25,952 shares of the technology company’s stock valued at $982,000 after purchasing an additional 384 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Match Group by 1.5% in the third quarter. State of Alaska Department of Revenue now owns 29,955 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 455 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.