Analysts expect Match Group Inc (NASDAQ:MTCH) to announce sales of $438.30 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Match Group’s earnings, with the lowest sales estimate coming in at $435.00 million and the highest estimate coming in at $439.86 million. Match Group posted sales of $343.42 million in the same quarter last year, which suggests a positive year over year growth rate of 27.6%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.

On average, analysts expect that Match Group will report full year sales of $1.72 billion for the current financial year, with estimates ranging from $1.71 billion to $1.73 billion. For the next year, analysts forecast that the firm will post sales of $2.00 billion, with estimates ranging from $1.91 billion to $2.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Match Group.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.10. The company had revenue of $421.20 million for the quarter, compared to the consensus estimate of $413.07 million. Match Group had a return on equity of 53.18% and a net margin of 32.94%.

Several equities research analysts have weighed in on the company. BidaskClub raised Match Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 15th. UBS Group increased their price target on Match Group from $52.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Jefferies Financial Group increased their price target on Match Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Aegis increased their price target on Match Group from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, September 12th. Finally, Nomura began coverage on shares of Match Group in a research note on Thursday. They set a “buy” rating and a $66.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Match Group presently has a consensus rating of “Buy” and an average price target of $49.69.

MTCH traded up $2.74 during midday trading on Monday, hitting $54.14. 2,688,020 shares of the company were exchanged, compared to its average volume of 2,442,616. The company has a market capitalization of $16.03 billion, a P/E ratio of 104.12, a P/E/G ratio of 3.78 and a beta of 0.35. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.54 and a current ratio of 1.54. Match Group has a 1-year low of $24.40 and a 1-year high of $60.95.

In other news, CEO Amanda Ginsberg sold 106,850 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $49.37, for a total transaction of $5,275,184.50. Following the sale, the chief executive officer now directly owns 62,682 shares of the company’s stock, valued at approximately $3,094,610.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Gary Swidler sold 105,611 shares of the stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $49.57, for a total transaction of $5,235,137.27. Following the sale, the chief financial officer now directly owns 266,010 shares in the company, valued at $13,186,115.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 251,000 shares of company stock worth $12,382,872. Corporate insiders own 7.00% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC purchased a new position in Match Group in the 2nd quarter valued at about $111,000. TLP Group LLC lifted its stake in Match Group by 12,204.8% in the 1st quarter. TLP Group LLC now owns 2,584 shares of the technology company’s stock valued at $115,000 after buying an additional 2,563 shares in the last quarter. Financial Architects Inc lifted its stake in Match Group by 410.3% in the 2nd quarter. Financial Architects Inc now owns 3,649 shares of the technology company’s stock valued at $141,000 after buying an additional 2,934 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in Match Group in the 2nd quarter valued at about $150,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in Match Group by 48.9% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock valued at $158,000 after buying an additional 1,336 shares in the last quarter. 22.58% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Company Profile

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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