Match Group Inc. (NASDAQ:MTCH) Receives $35.44 Consensus Price Target from Analysts

Match Group Inc. (NASDAQ:MTCH) has been assigned a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $35.4375.

Several research analysts recently issued reports on MTCH shares. Susquehanna upped their price target on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. UBS Group upped their price target on shares of Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Evercore ISI upped their price target on shares of Match Group from $32.00 to $38.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company upped their price target on shares of Match Group from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, June 27th.

Match Group Stock Down 0.9%

Shares of NASDAQ MTCH opened at $34.00 on Tuesday. The firm’s 50-day simple moving average is $36.67 and its 200 day simple moving average is $32.71. The company has a market cap of $8.18 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.68 and a beta of 1.38. Match Group has a 12-month low of $26.39 and a 12-month high of $39.20.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.76 annualized dividend and a yield of 2.2%. Match Group’s dividend payout ratio is 37.44%.

Insider Buying and Selling at Match Group

In other Match Group news, Director Stephen Bailey sold 12,500 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $36.72, for a total transaction of $459,000.00. Following the transaction, the director directly owned 8,058 shares in the company, valued at approximately $295,889.76. This represents a 60.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Philip D. Eigenmann sold 6,531 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total transaction of $245,043.12. Following the transaction, the chief accounting officer owned 23,240 shares in the company, valued at approximately $871,964.80. The trade was a 21.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,454 shares of company stock worth $907,839. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MTCH. Employees Retirement System of Texas acquired a new position in Match Group during the 2nd quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Match Group by 56.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after acquiring an additional 362 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of Match Group in the 2nd quarter valued at about $32,000. NBC Securities Inc. bought a new stake in shares of Match Group in the 1st quarter valued at about $37,000. Finally, SVB Wealth LLC bought a new stake in shares of Match Group in the 1st quarter valued at about $49,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Company Profile

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.