Match Group Inc. (NASDAQ:MTCH) Given Average Recommendation of “Hold” by Analysts

Match Group Inc. (NASDAQ:MTCH) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $41.0714.

MTCH has been the subject of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Morgan Stanley increased their target price on shares of Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. UBS Group increased their target price on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of Match Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Piper Sandler set a $51.00 target price on shares of Match Group in a research note on Wednesday, May 6th.

Insider Buying and Selling

In related news, Director Melissa Anne Brenner sold 5,141 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $35.94, for a total transaction of $184,767.54. Following the completion of the sale, the director directly owned 16,218 shares of the company’s stock, valued at $582,874.92. This represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Match Group

Large investors have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Match Group during the third quarter valued at approximately $27,000. Advisory Services Network LLC acquired a new stake in shares of Match Group during the third quarter valued at approximately $28,000. Activest Wealth Management raised its holdings in shares of Match Group by 6,523.1% during the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock valued at $28,000 after acquiring an additional 848 shares during the period. Whittier Trust Co. raised its holdings in shares of Match Group by 91.3% during the first quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock valued at $29,000 after acquiring an additional 431 shares during the period. Finally, Rossby Financial LCC raised its holdings in shares of Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after acquiring an additional 506 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $35.40 on Wednesday. Match Group has a twelve month low of $28.80 and a twelve month high of $39.20. The firm has a market cap of $8.26 billion, a P/E ratio of 13.51, a P/E/G ratio of 0.57 and a beta of 1.36. The company has a 50 day moving average of $33.32 and a 200-day moving average of $32.53.

Match Group Dividend Announcement

The firm also recently announced 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 2.3%. Match Group’s dividend payout ratio is currently 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.