Match Group, Inc. (NASDAQ:MTCH) Short Interest Up 27.6% in July

Match Group, Inc. (NASDAQ:MTCH) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 18,350,000 shares, an increase of 27.6% from the June 30th total of 14,380,000 shares. Currently, 7.0% of the company’s stock are short sold. Based on an average daily volume of 5,450,000 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Trading of Match Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. YHB Investment Advisors Inc. acquired a new stake in Match Group during the first quarter worth approximately $28,000. Principal Securities Inc. bought a new position in shares of Match Group during the fourth quarter worth approximately $31,000. Mather Group LLC. acquired a new stake in Match Group during the 1st quarter worth approximately $33,000. Fidelis Capital Partners LLC bought a new stake in Match Group in the 1st quarter valued at $33,000. Finally, GAMMA Investing LLC acquired a new position in Match Group during the fourth quarter worth about $55,000. Institutional investors own 94.05% of the company’s stock.

Match Group Trading Down 0.2 %

Shares of NASDAQ MTCH opened at $33.20 on Tuesday. The company has a market capitalization of $8.82 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.56 and a beta of 1.49. Match Group has a 12 month low of $27.66 and a 12 month high of $49.24. The stock has a 50 day moving average of $31.29 and a 200-day moving average of $33.41.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The business had revenue of $860.00 million during the quarter, compared to the consensus estimate of $855.77 million. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts predict that Match Group will post 2.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTCH. Royal Bank of Canada cut their price target on shares of Match Group from $43.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, May 9th. UBS Group dropped their price target on Match Group from $40.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Morgan Stanley cut their price target on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Citigroup decreased their price objective on Match Group from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Finally, StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Match Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.79.

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.