Match Group (NASDAQ:MTCH) issued its quarterly earnings results on Tuesday. The technology company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.17, Briefing.com reports. Match Group had a return on equity of 83.21% and a net margin of 27.48%. The company had revenue of $464.60 million for the quarter, compared to the consensus estimate of $463.69 million. During the same quarter in the prior year, the business earned $0.26 EPS. Match Group’s revenue was up 14.0% on a year-over-year basis.
Shares of NASDAQ MTCH traded up $7.51 during trading hours on Wednesday, reaching $67.88. The stock had a trading volume of 7,191,600 shares, compared to its average volume of 1,737,299. The stock has a market cap of $17.37 billion, a PE ratio of 51.04, a price-to-earnings-growth ratio of 2.73 and a beta of 0.58. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 12.04. Match Group has a fifty-two week low of $33.30 and a fifty-two week high of $68.75.
In related news, insider Philip D. Eigenmann sold 11,409 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $57.77, for a total value of $659,097.93. Following the completion of the sale, the insider now directly owns 21,539 shares of the company’s stock, valued at approximately $1,244,308.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Sharmistha Dubey sold 121,964 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $57.64, for a total value of $7,030,004.96. Following the completion of the sale, the president now directly owns 83,591 shares of the company’s stock, valued at $4,818,185.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 345,705 shares of company stock valued at $19,966,091. Insiders own 7.00% of the company’s stock.
Several equities research analysts have weighed in on MTCH shares. Zacks Investment Research upgraded Match Group from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Friday, February 1st. Aegis increased their price objective on Match Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Friday, February 8th. BidaskClub downgraded Match Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 9th. ValuEngine downgraded Match Group from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Finally, Deutsche Bank downgraded Match Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $61.00 to $53.86 in a report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.81.
Match Group Company Profile
Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.
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