Match Group, Inc. (NASDAQ:MTCH) – Research analysts at Jefferies Financial Group lowered their Q4 2020 EPS estimates for shares of Match Group in a research report issued to clients and investors on Monday, January 11th. Jefferies Financial Group analyst B. Thill now expects that the technology company will earn $0.48 per share for the quarter, down from their previous estimate of $0.49. Jefferies Financial Group also issued estimates for Match Group’s FY2021 earnings at $2.24 EPS and FY2022 earnings at $2.76 EPS.
Match Group (NASDAQ:MTCH) last issued its earnings results on Wednesday, November 4th. The technology company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Match Group had a return on equity of 32.15% and a net margin of 2.43%. The firm had revenue of $639.70 million during the quarter, compared to the consensus estimate of $606.65 million. During the same period in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis.
Shares of NASDAQ:MTCH opened at $155.02 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.05. Match Group has a 12 month low of $87.56 and a 12 month high of $159.85. The company has a market cap of $41.23 billion, a price-to-earnings ratio of -234.88, a PEG ratio of 7.39 and a beta of 1.21. The company has a 50-day moving average price of $148.57 and a 200 day moving average price of $120.85.
In other news, Director Thomas Mcinerney sold 12,325 shares of Match Group stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $142.11, for a total transaction of $1,751,505.75. Following the completion of the sale, the director now directly owns 338,612 shares in the company, valued at $48,120,151.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Glenn Schiffman sold 25,000 shares of Match Group stock in a transaction dated Wednesday, December 16th. The stock was sold at an average price of $153.26, for a total transaction of $3,831,500.00. Following the sale, the director now owns 34,898 shares of the company’s stock, valued at $5,348,467.48. The disclosure for this sale can be found here. Insiders have sold a total of 41,325 shares of company stock valued at $6,134,446 over the last 90 days. 11.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. acquired a new stake in shares of Match Group in the third quarter worth approximately $25,000. Eudaimonia Partners LLC acquired a new stake in shares of Match Group in the third quarter worth approximately $25,000. Nachman Norwood & Parrott Inc acquired a new stake in shares of Match Group in the third quarter worth approximately $28,000. James Investment Research Inc. acquired a new stake in shares of Match Group in the third quarter worth approximately $28,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Match Group in the fourth quarter worth approximately $28,000.
About Match Group
Match Group, Inc provides dating products worldwide. Its portfolio of brands include Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company is based in Dallas, Texas.
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