Match Group Inc (NASDAQ:MTCH) Short Interest Update

Match Group Inc (NASDAQ:MTCH) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 11,960,000 shares, a drop of 71.5% from the June 30th total of 41,980,000 shares. Based on an average daily trading volume, of 5,350,000 shares, the short-interest ratio is currently 2.2 days. Currently, 21.7% of the shares of the stock are short sold.

NASDAQ MTCH opened at $102.70 on Friday. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.05. The firm has a market cap of $8.73 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 3.95 and a beta of 1.23. The company has a 50 day moving average price of $95.95 and a 200 day moving average price of $80.89. Match Group has a 52 week low of $87.56 and a 52 week high of $108.45.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.36 by $0.19. Match Group had a net margin of 2.69% and a return on equity of 9.24%. The firm had revenue of $544.60 million during the quarter, compared to analyst estimates of $545.02 million. During the same quarter in the previous year, the business posted $0.42 EPS. Match Group’s revenue was up 17.3% on a year-over-year basis. On average, equities research analysts anticipate that Match Group will post 2.25 earnings per share for the current fiscal year.

Several research firms have issued reports on MTCH. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating and set a $79.00 price objective for the company. in a research report on Wednesday, April 15th. Morgan Stanley began coverage on shares of Match Group in a research report on Tuesday, June 9th. They issued an “overweight” rating and a $103.00 price objective for the company. SunTrust Banks reissued a “buy” rating and issued a $110.00 price objective on shares of Match Group in a research report on Wednesday, July 8th. BMO Capital Markets boosted their price objective on shares of Match Group from $161.00 to $171.00 in a research report on Friday, July 17th. Finally, Nomura Instinet boosted their price target on shares of Match Group from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Match Group presently has a consensus rating of “Buy” and an average price target of $98.71.

In other Match Group news, Director Joseph Levin sold 458,660 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $97.40, for a total value of $44,673,484.00. Following the completion of the sale, the director now directly owns 576,450 shares of the company’s stock, valued at approximately $56,146,230. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Philip D. Eigenmann sold 8,813 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $85.23, for a total transaction of $751,131.99. Following the completion of the sale, the chief accounting officer now directly owns 13,134 shares of the company’s stock, valued at $1,119,410.82. The disclosure for this sale can be found here. Insiders sold a total of 605,762 shares of company stock valued at $57,302,991 over the last three months. Corporate insiders own 3.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of MTCH. Amundi Pioneer Asset Management Inc. acquired a new position in Match Group during the 1st quarter valued at approximately $4,333,000. Bank of New York Mellon Corp increased its stake in Match Group by 42.8% during the 4th quarter. Bank of New York Mellon Corp now owns 273,936 shares of the technology company’s stock valued at $22,493,000 after purchasing an additional 82,125 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Match Group by 50.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,289 shares of the technology company’s stock valued at $674,000 after purchasing an additional 2,769 shares in the last quarter. Standard Life Aberdeen plc acquired a new position in Match Group during the 4th quarter valued at approximately $239,000. Finally, Janus Henderson Group PLC increased its stake in Match Group by 48.9% during the 4th quarter. Janus Henderson Group PLC now owns 232,399 shares of the technology company’s stock valued at $19,082,000 after purchasing an additional 76,365 shares in the last quarter. Institutional investors and hedge funds own 30.68% of the company’s stock.

Match Group Company Profile

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

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