Match Group Inc (MTCH) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.08. The company posted revenue of $285.30 million in the period, compared to analysts expectations of $281.08 million. The company’s revenue was up 21.4% compared to the same quarter last year.
Many Wall Street Analysts have commented on Match Group Inc. Match Group Inc was Upgraded by BTIG Research to ” Neutral” on Feb 16, 2016. Shares were Downgraded by Barclays on Feb 4, 2016 to ” Equal Weight” and Lowered the Price Target to $ 14 from a previous price target of $17 .
In a different news, on Nov 23, 2015, Pamela Seymon (director) purchased 10,000 shares at $12.00 per share price. According to the SEC, on Nov 23, 2015, Gregg Winiarski (director) purchased 20,000 shares at $12.00 per share price. On Nov 23, 2015, Alan G Spoon (director) purchased 7,500 shares at $12.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Match Group Inc. is engaged in providing dating products. The Company operates through two segments: Dating and Non-dating. The Company operates a portfolio of over 45 brands. The Company through its portfolio of brands provides products to meet the varying preferences of its users. Its Dating segment provides dating products through brands such as Match OkCupid Tinder PlentyOfFish Meetic Twoo OurTime and FriendScout24. The Company’s Non-dating segment provides a range of education services. Through The Princeton Review Non-dating segment offers services including test preparation academic tutoring and college counseling services. The Princeton Review includes Tutor.com which provides online on demand one-on-one tutoring services. The Company offers dating products in approximately 40 languages across over 190 countries.