Match Group Inc. (NASDAQ:MTCH) Receives $35.56 Consensus PT from Analysts

Match Group Inc. (NASDAQ:MTCH) has earned an average rating of “Hold” from the twenty-one ratings firms that are currently covering the firm, MarketBeat.com reports. Sixteen investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $35.5625.

MTCH has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a research note on Wednesday, October 8th. UBS Group upped their price target on Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Morgan Stanley decreased their price target on Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, October 20th. Finally, Evercore ISI upped their price target on Match Group from $32.00 to $38.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 6th.

Insider Activity

In other news, CAO Philip D. Eigenmann sold 6,531 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total value of $245,043.12. Following the sale, the chief accounting officer directly owned 23,240 shares in the company, valued at approximately $871,964.80. This trade represents a 21.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mcdaniel sold 5,423 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the sale, the director owned 21,926 shares in the company, valued at approximately $823,979.08. The trade was a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,454 shares of company stock worth $907,839. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Match Group

Several hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised 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 valued at $133,000 after acquiring an additional 326 shares in the last quarter. Applied Finance Capital Management LLC raised its stake in Match Group by 5.1% in the first quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company’s stock valued at $215,000 after buying an additional 334 shares in the last quarter. Bollard Group LLC raised its stake in Match Group by 0.7% in the second quarter. Bollard Group LLC now owns 54,558 shares of the technology company’s stock valued at $1,685,000 after buying an additional 356 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Match Group by 56.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after buying an additional 362 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Match Group by 18.5% in the second quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock valued at $77,000 after buying an additional 390 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Stock Performance

Shares of Match Group stock opened at $32.82 on Friday. The stock has a 50 day moving average of $35.68 and a 200 day moving average of $32.99. Match Group has a fifty-two week low of $26.39 and a fifty-two week high of $39.20. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.65 and a beta of 1.38.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, October 3rd. Match Group’s dividend payout ratio is 37.44%.

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.