Match Group (NASDAQ:MTCH) Director Melissa Anne Brenner Sells 5,141 Shares

Match Group Inc. (NASDAQ:MTCH) Director Melissa Anne Brenner sold 5,141 shares of Match Group stock in a transaction on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the transaction, the director owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This trade represents a 24.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Match Group Stock Performance

Shares of MTCH opened at $36.96 on Friday. The stock’s 50-day simple moving average is $32.77 and its 200 day simple moving average is $32.41. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 0.58 and a beta of 1.36. Match Group Inc. has a 52-week low of $26.80 and a 52-week high of $39.20.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, February 3rd. The technology company reported $0.83 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.17). Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The company had revenue of $878.01 million during the quarter, compared to the consensus estimate of $872.86 million. During the same quarter in the prior year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts forecast that Match Group Inc. will post 3.05 earnings per share for the current fiscal year.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 annualized dividend and a yield of 2.2%. Match Group’s payout ratio is currently 30.53%.

Wall Street Analyst Weigh In

MTCH has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday. Piper Sandler set a $51.00 price target on shares of Match Group in a report on Wednesday. TD Cowen increased their price objective on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group reissued a “buy” rating and set a $43.00 price objective on shares of Match Group in a research note on Wednesday. Finally, Citigroup boosted their target price on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.07.

Trending Headlines about Match Group

Here are the key news stories impacting Match Group this week:

• Positive Sentiment: Match Group reported first-quarter revenue of $864 million, topping expectations and helping reinforce the view that the business is still growing despite broader dating-app headwinds. Match Group Posts $864 Million Revenue Beat As Tinder Decline Slows
• Positive Sentiment: Investor attention is also centered on management’s Q1 call, which highlighted continued growth in parts of the portfolio alongside efforts to address operating challenges. Match Group Earnings Call Balances Growth And Headwinds
• Positive Sentiment: Wells Fargo raised its view on Match Group with a new $38 price target, suggesting analysts see more upside after the earnings report. Match Group Given New $38.00 Price Target at Wells Fargo & Company
• Neutral Sentiment: Coverage from other outlets noted mixed analyst opinions on Match Group, indicating sentiment remains divided even after the latest results. Analysts’ Opinions Are Mixed on These Communication Services Stocks: Match Group (MTCH) and Bumble (BMBL)
• Neutral Sentiment: Match Group’s CEO also drew attention for reviving a Tinder internship program that attracted more than 30,000 applications, but this is more of a brand and talent story than a direct financial catalyst. Match Group’s CEO revived a shuttered Tinder internship program for Gen Z—and received over 30,000 applications for just 27 spots
• Negative Sentiment: One market note said Match Group underperformed peers on Thursday, showing investors are still weighing the company’s longer-term growth concerns. Match Group Inc. stock underperforms Thursday when compared to competitors

Institutional Investors Weigh In On Match Group

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of Match Group by 1,163.7% in the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after buying an additional 5,652,174 shares during the last quarter. Norges Bank bought a new stake in shares of Match Group during the 4th quarter worth $112,641,000. Holocene Advisors LP grew its position in Match Group by 2,474.5% in the third quarter. Holocene Advisors LP now owns 2,741,573 shares of the technology company’s stock worth $96,832,000 after acquiring an additional 2,635,085 shares in the last quarter. State Street Corp grew its position in Match Group by 14.6% in the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after acquiring an additional 2,461,025 shares in the last quarter. Finally, LSV Asset Management increased its stake in Match Group by 37.8% in the third quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock valued at $168,504,000 after acquiring an additional 1,307,949 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group Company Profile

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.