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

Match Group, Inc. (NASDAQ:MTCH) Director Stephen Bailey sold 801 shares of Match Group stock in a transaction on Friday, November 22nd. The stock was 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 of the company’s stock, valued at $391,900.78. The trade was a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $32.51 on Thursday. The company has a market cap of $8.16 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.90 and a beta of 1.51. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42. The firm’s fifty day moving average is $35.49 and its two-hundred day moving average is $33.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MTCH shares. The Goldman Sachs Group upped their price target on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Truist Financial reduced their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Bank of America reissued a “neutral” rating and set a $35.00 price objective (down previously from $50.00) on shares of Match Group in a research report on Thursday, November 7th. Finally, Royal Bank of Canada lowered their target price on Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Match Group presently has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Institutional Investors Weigh In On Match Group

Several large investors have recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after buying an additional 605 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Match Group during the 3rd quarter worth approximately $31,000. Quarry LP boosted its position in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after acquiring an additional 461 shares during the last quarter. Mather Group LLC. grew its holdings in shares of Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after purchasing an additional 794 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in Match Group in the third quarter worth $57,000. 94.05% of the stock is owned by institutional investors.

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.