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

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

Match Group Stock Performance

Shares of MTCH stock opened at $32.66 on Wednesday. The company has a market cap of $8.20 billion, a P/E ratio of 14.58, a PEG ratio of 0.90 and a beta of 1.51. The stock has a 50 day simple moving average of $35.57 and a two-hundred day simple moving average of $33.99. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42.

Institutional Investors Weigh In On Match Group

A number of hedge funds have recently added to or reduced their stakes in MTCH. Venturi Wealth Management LLC grew its stake in Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after acquiring an additional 605 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Match Group in the third quarter worth $31,000. Quarry LP boosted its position in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after purchasing an additional 461 shares during the last quarter. Mather Group LLC. boosted its position in Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after purchasing an additional 794 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in Match Group in the third quarter worth $57,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

MTCH has been the topic of several research analyst reports. Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. KeyCorp reduced their price objective on Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. UBS Group dropped their target price on Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Barclays dropped their target price 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. Finally, Wells Fargo & Company dropped their target price on Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th. Nine research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.