Match Group, Inc. (NASDAQ:MTCH) registered a 2.91% increase, still its new closing price is 102.14% up from the company’s 1 year high of 19.74.It posted -4.39% losses in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 15 stock analysts following this company have an average price target at $19.31, with individual PT in the $12.00-$22.00 range. The shares moved at $17.00, implying that brokerage firms see shares gaining about 59.47% in twelve months time.
Match Group, Inc. (MTCH) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -0.58% fall year to date. A Vice Chairman (non-executive) at Match Group, Inc. (MTCH) offloaded shares in a transaction closed on Tuesday November 29, 2016. Yagan Sam sold 790,927 shares in the company at $18.03 each and collected $14,260,000 in proceeds. Yagan Sam now owns 0 shares in the company after this transaction. A Vice Chairman (non-executive) in the company, Yagan Sam, disclosed a transaction on Wednesday November 23, 2016 that ended up generating $1,074,000 from the sale of 59,646 shares at $18.01 per share.
Match Group, Inc. (NASDAQ:MTCH) Upcoming Results on Tap
Match Group, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.11 in that period. Sales during the quarter are predicted to arrive at $316.51 million.
Earnings surprise history: Last quarter, the company posted approximately $319.68 million in revenue and EPS of $0.29. The mean forecast was for $320.62 million and $0.24 a share, respectively. One quarter earlier, revenue for the stock was at $316.45 million, with earnings at $0.23/share.
Match Group, Inc. (MTCH) Brokerage Update
Match Group, Inc. (MTCH) is in Guggenheim’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Guggenheim, according to news reported on Friday January 20, 2017.Another important research note was issued by JP Morgan on Thursday July 28, 2016.The firm upgraded MTCH to Overweight from Neutral. Over the last six months and over the last three months, the shares of Match Group, Inc. (MTCH), have changed 9.18% and -4.82%, respectively.