Match Group Inc. (NASDAQ:MTCH) Receives Average Rating of “Hold” from Analysts

Shares of Match Group Inc. (NASDAQ:MTCH) have been given an average recommendation of “Hold” by the fifteen research firms that are covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $41.0714.

Several brokerages recently issued reports on MTCH. Piper Sandler set a $51.00 price objective on Match Group in a research report on Wednesday, May 6th. UBS Group raised their price target on shares of Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Citigroup lifted their price target on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Match Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Truist Financial set a $37.00 price objective on shares of Match Group in a research note on Wednesday, May 6th.

Insider Buying and Selling at Match Group

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the transaction, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. This represents a 24.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Match Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTCH. Bessemer Group Inc. lifted its holdings in Match Group by 3.1% in the 1st quarter. Bessemer Group Inc. now owns 10,327 shares of the technology company’s stock worth $317,000 after buying an additional 311 shares in the last quarter. Bollard Group LLC increased its position in shares of Match Group by 0.6% during the third quarter. Bollard Group LLC now owns 54,875 shares of the technology company’s stock worth $1,938,000 after acquiring an additional 317 shares during the last quarter. True Wealth Design LLC increased its position in shares of Match Group by 12.8% during the fourth quarter. True Wealth Design LLC now owns 2,813 shares of the technology company’s stock worth $91,000 after acquiring an additional 320 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Match Group by 8.2% in the second quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after acquiring an additional 326 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Match Group by 53.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after purchasing an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of MTCH stock opened at $38.25 on Thursday. The stock has a fifty day moving average price of $35.98 and a 200 day moving average price of $33.20. The stock has a market cap of $8.92 billion, a PE ratio of 14.60, a P/E/G ratio of 0.61 and a beta of 1.30. Match Group has a 1 year low of $28.81 and a 1 year high of $39.20.

Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $863.93 million for the quarter, compared to analyst estimates of $854.70 million. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.Match Group’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share. As a group, equities research analysts predict that Match Group will post 3.11 earnings per share for the current year.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $0.80 annualized dividend and a yield of 2.1%. Match Group’s payout ratio is 30.53%.

About Match Group

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.