Match Group president Gary Swidler sells $7.96 million in stock

Gary Swidler, President of Match Group, Inc. (NASDAQ:MTCH), recently sold a significant portion of his holdings in the company. According to an SEC filing, Swidler disposed of 242,209 shares of common stock on March 7, 2025. The transactions involved sales at prices ranging from $32.7988 to $33.4001 per share, amounting to a total value of approximately $7.96 million. The sale prices align closely with the current market price of $32.62, with the stock trading at a P/E ratio of 15.5x and showing a healthy gross profit margin of 71.6%. According to InvestingPro analysis, Match Group appears undervalued based on its Fair Value assessment.

Following these transactions, Swidler retains ownership of 1,690 shares in the company. The sales were executed in two separate transactions, with the first involving 26,478 shares and the second involving 215,731 shares. Both sales were conducted at weighted average prices within the specified range. With a market capitalization of $8.2 billion and strong liquidity metrics, Match Group maintains a solid financial position. Discover more insights and 6 additional ProTips about MTCH with an InvestingPro subscription.

In other recent news, Match Group has undergone several noteworthy developments. The company announced a significant leadership change, promoting Hesam Hosseini to Chief Operating Officer effective April 1, 2025, while Gary Swidler will step down as President on the same date and leave the company by July 4, 2025. In financial updates, Moody’s has upgraded Match Group’s senior unsecured note rating to Ba2 from Ba3, highlighting the company’s reduced secured debt after repaying a $425 million loan. Additionally, Citi raised its price target for Match Group to $34, maintaining a Neutral rating, and noted that the company’s first-quarter guidance missed profitability expectations due to foreign exchange challenges.

JPMorgan also reiterated a Neutral rating with a $33 price target, observing positive trends in new user growth on Tinder but acknowledging the need for increased revenue to meet 2025 expectations. Barclays (LON:BARC) adjusted its price target for Match Group to $52 from $53, maintaining an Overweight rating, and pointed out the potential positive impact of Spencer Rascoff’s appointment as CEO. Despite some shortfalls in EBITDA and Tinder subscriber numbers, Barclays expressed cautious optimism for the company’s future, especially with the involvement of activist investors. These recent developments reflect the dynamic environment in which Match Group operates, as it navigates executive transitions and financial adjustments.

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