Insider Selling: Match Group, Inc. (NASDAQ:MTCH) Director Sells $25,319.61 in Stock

Match Group, Inc. (NASDAQ:MTCH) Director Stephen Bailey sold 801 shares of the 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 of the company’s stock, valued at approximately $391,900.78. The trade was a 6.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Match Group Price Performance

Shares of MTCH stock opened at $32.51 on Friday. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. 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. The firm has a 50-day moving average of $35.41 and a 200-day moving average of $33.97.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MTCH. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Citigroup lifted their target price on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target on the stock in a research report on Monday, August 5th. The Goldman Sachs Group lifted their price objective on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays decreased their target price on Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Hedge Funds Weigh In On Match Group

A number of hedge funds and other institutional investors have recently modified their holdings of MTCH. Venturi Wealth Management LLC increased its position in shares of 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 purchasing an additional 605 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Match Group in the third quarter valued at $31,000. Quarry LP grew its stake 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 worth $40,000 after acquiring an additional 461 shares during the period. Mather Group LLC. raised its stake in Match Group by 87.6% in the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after acquiring an additional 794 shares during the period. Finally, Northwest & Ethical Investments L.P. purchased a new stake in Match Group during the third quarter valued at about $57,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Match Group

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.