The Thesis Is Still Intact: Match Group, Inc. (MTCH), LendingClub Corporation (LC)

Eigenmann Philip D, Chief Accounting Officer, sold 11,409 shares of the Match Group, Inc. (NASDAQ:MTCH) in an exchange that happened on February 13th. The stock was sold at an average price of $57.77 per share, amounting to a transaction worth $659,076. The sale was made public in a document filed with the SEC. Additionally, President Dubey Sharmistha sold 39,773 shares of this stock in a transaction that took place on February 13th. The stock was sold at an average price of $57.60 per share, for a total exchange amounting to $2,291,096. After the transaction, the President Dubey Sharmistha currently holds 0 shares of the company’s stock.

With this stock price’s latest movement, it is now -8.11% away from its 1-year high and 76.60% higher than its 1-year low price. In the past seven days, the stock price volatility for Match Group, Inc. was 2.84%, whereas its volatility in the past 30 days has been 3.63%.

Match Group, Inc. (NASDAQ:MTCH) most recently published its quarterly earnings results. The firm posted $0.43 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $0.38 by $0.05. The publicly-traded organization reported revenue of $457.34 million for the quarter, compared to the average analyst forecast calling for $448.51 million, which was surpassing the analyst consensus estimate.

Shares of Match Group, Inc. (MTCH) plunged -2.30%, amounting to a loss of -$1.32 per share, to finish the regular trading session at $55.97 on Monday 02/25/2019. After beginning the session at $57.43, shares of Match Group, Inc. reached as high as $58.65 during the day, while hitting a 1-day low of $55.6. Trade volume reached 1,706,314 shares against this stock’s average daily volume of 2.16M shares, with a total float of 50.37M. As a consequence of the price decrease, Match Group, Inc. now has a current market value of 15.41B.

LendingClub Corporation (NYSE:LC) subtracted -0.96% to its trading price by the close of the most recent session, dropping from its previous closing price of $3.13 to $3.10. This stock increased in value by -12.92% during the last 7-day period, and experienced a loss of 3.68% over the past 30-day period. In the past three months, this stock’s price lost by -5.78% , and subtracted -20.72% to its price during the last six months of trading. LC demonstrated a yearly price loss of -17.33% , while its year-to-date (YTD) price performance has been up 17.87% . This stock’s price changed by +26.02% compared to its 90-day low, and moved down -15.30% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the LC stock as “Hold”. In the short-term, LendingClub Corporation (LC) has a 20-day average volume of 2,604,725 shares and short-term indicators sets the LC stock as “ 40% Sell ” on average basis. In the medium-term, LC stock has a 50-Day average volume of 2,298,000 shares and medium-term indicators gave the average rating of “ 25% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 2,674,690 shares. On average, long-term indicators rated the stock as “67% Sell ”. The overall picture from all short, medium and long-term indicators sets the LC stock as “24% Sell ” on average basis.

Recently, multiple brokerages have sent out reports on LC. Morgan Stanley, for example, Downgrade its rating on shares of LendingClub Corporation from “Overweight ” to a “ Equal-Weight”according to a research note from Thursday July 19th, 2018. while giving the stock a “ Neutral” from “Buy ” rating, as stated in a research report from Friday, February 23rd, 2018. Maxim Group, on the other hand, Reiterated a “Buy” rating on this stock, while posting a $6 price target on shares of this company’s stock in a research note dated Monday, December 11th, 2017.

In other news related to LendingClub Corporation stock, 89.32% shares of LC held by institutions. The total number of institutions who held the LC shares was 182, according to most recent SEC filling. During the past quarter, total 383,874,228 shares held by institutions with the net change of 867,232 shares. In the meantime, 21 new institutions bought the shares of LendingClub Corporation for the first time and 27 institutions sold all their holdings in the company’s common stock. 74 institutions increased their investment in the LC stock and 73 institutions decreased their investment in the LendingClub Corporation (LC)’s stock during the last quarter.