Match Group, Inc. (NASDAQ:MTCH) Receives $36.44 Average Target Price from Analysts

Shares of Match Group, Inc. (NASDAQ:MTCH) have received an average rating of “Hold” from the twenty-three analysts that are presently covering the firm, MarketBeat reports. Fourteen research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $36.06.

MTCH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Match Group from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday. UBS Group lowered their price target on Match Group from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Bank of America cut their price objective on Match Group from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. StockNews.com raised Match Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, Hsbc Global Res lowered Match Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th.

Insiders Place Their Bets

In other news, President Gary Swidler sold 242,209 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.86, for a total value of $7,958,987.74. Following the transaction, the president now directly owns 1,690 shares of the company’s stock, valued at $55,533.40. The trade was a 99.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Match Group

Institutional investors have recently bought and sold shares of the business. Ontario Teachers Pension Plan Board grew its holdings in shares of Match Group by 119.5% during the first quarter. Ontario Teachers Pension Plan Board now owns 50,818 shares of the technology company’s stock worth $1,586,000 after purchasing an additional 27,669 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Match Group by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,765,162 shares of the technology company’s stock worth $86,273,000 after acquiring an additional 97,255 shares during the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in Match Group in the 1st quarter valued at about $351,000. Exencial Wealth Advisors LLC raised its stake in shares of Match Group by 7.4% in the first quarter. Exencial Wealth Advisors LLC now owns 15,720 shares of the technology company’s stock worth $490,000 after acquiring an additional 1,086 shares during the last quarter. Finally, Empower Advisory Group LLC lifted its position in shares of Match Group by 3.8% during the first quarter. Empower Advisory Group LLC now owns 1,954,312 shares of the technology company’s stock worth $60,975,000 after purchasing an additional 72,353 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $27.18 on Friday. The business’s 50-day simple moving average is $30.05 and its 200-day simple moving average is $32.12. Match Group has a 52 week low of $26.39 and a 52 week high of $38.84. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 0.82 and a beta of 1.42.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. As a group, equities research analysts forecast that Match Group will post 2.44 earnings per share for the current year.

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, July 3rd. Match Group’s dividend payout ratio is currently 37.62%.

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.