Match Group (NASDAQ:MTCH) Releases Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Match Group (NASDAQ:MTCH) posted its earnings results on Tuesday. The technology company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.22), Zacks reports. Match Group had a net margin of 17.86% and a negative return on equity of 721.15%. Match Group updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Match Group Stock Performance

Match Group stock opened at $36.47 on Wednesday. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $38.84. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45. The stock’s fifty day moving average is $32.93 and its two-hundred day moving average is $34.67.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Monday, January 6th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Monday, January 6th. Match Group’s dividend payout ratio (DPR) is 33.93%.

Insider Transactions at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the sale, the director now owns 12,398 shares in the company, valued at approximately $391,900.78. This represents a 6.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MTCH. Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 price objective (down previously from $40.00) on shares of Match Group in a report on Tuesday, December 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $33.00 price target (down previously from $40.00) on shares of Match Group in a research note on Wednesday, December 18th. Loop Capital reduced their price objective on Match Group from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, December 12th. Bank of America raised their target price on shares of Match Group from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Fourteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Match Group currently has a consensus rating of “Moderate Buy” and an average price target of $37.72.

Match Group declared that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 19% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.