Insider Selling: Match Group, Inc. (NASDAQ:MTCH) Director Sells 801 Shares of Stock

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

Match Group Stock Up 0.3 %

MTCH traded up $0.09 during trading on Tuesday, reaching $32.66. 2,905,239 shares of the company’s stock were exchanged, compared to its average volume of 5,237,409. The company has a market capitalization of $8.20 billion, a P/E ratio of 14.43, a PEG ratio of 0.87 and a beta of 1.51. The business has a 50 day moving average price of $35.63 and a 200 day moving average price of $33.98. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42.

Institutional Trading of Match Group

Several institutional investors have recently made changes to their positions in the business. State Street Corp grew its stake in shares of Match Group by 2.3% in the 3rd quarter. State Street Corp now owns 17,672,611 shares of the technology company’s stock valued at $668,732,000 after purchasing an additional 391,977 shares during the period. Starboard Value LP bought a new stake in Match Group in the third quarter valued at $361,605,000. Pacer Advisors Inc. raised its stake in Match Group by 88.5% during the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after acquiring an additional 2,940,667 shares in the last quarter. FMR LLC raised its stake in Match Group by 10.4% during the third quarter. FMR LLC now owns 5,540,916 shares of the technology company’s stock worth $209,668,000 after acquiring an additional 524,144 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Match Group in the 2nd quarter valued at $100,848,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on MTCH. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Wells Fargo & Company cut their target price on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. Barclays reduced their price target on Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group increased their price objective on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.73.

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.