Match Group Inc. (MTCH) – What Are Researchers Thinking About This Stock?

Match Group Inc. (NASDAQ:MTCH) has earned a consensus recommendation of “Hold” from the sixteen analysts that are covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $42.46.

MTCH has been the subject of a number of analyst reports. JPMorgan Chase & Co. began coverage on Match Group in a research note on Monday, August 24th. They issued a “neutral” rating and a $43.00 price target for the company. Truist Financial increased their price objective on shares of Match Group from $37.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Morgan Stanley set a $40.00 target price on shares of Match Group in a report on Wednesday, August 5th. Susquehanna restated a “positive” rating on shares of Match Group in a research report on Wednesday, August 5th. Finally, TD Cowen dropped their target price on shares of Match Group from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th.

Insider Activity

In other Match Group news, Director Ann Mcdaniel sold 3,531 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $42.43, for a total transaction of $149,820.33. Following the completion of the sale, the director directly owned 26,839 shares in the company, valued at $1,138,778.77. This represents a 11.63% 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. Also, Director Glenn Schiffman bought 3,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $36.63 per share, with a total value of $109,890.00. Following the completion of the purchase, the director directly owned 56,370 shares of the company’s stock, valued at approximately $2,064,833.10. The trade was a 5.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 23,291 shares of company stock valued at $976,478. 0.71% of the stock is owned by insiders.

Hedge Funds Weigh In On Match Group

A number of institutional investors have recently modified their holdings of MTCH. BlackRock Inc. acquired a new stake in Match Group in the second quarter valued at about $1,087,055,000. Arrowstreet Capital Limited Partnership raised its stake in Match Group by 2.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,494,679 shares of the technology company’s stock worth $242,003,000 after acquiring an additional 196,191 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Match Group during the second quarter worth about $154,811,000. First Manhattan CO. LLC. lifted its holdings in shares of Match Group by 2.0% in the fourth quarter. First Manhattan CO. LLC. now owns 3,557,506 shares of the technology company’s stock worth $114,872,000 after acquiring an additional 68,649 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Match Group in the second quarter worth about $100,796,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Price Performance

Match Group stock traded down $1.15 during mid-day trading on Friday, reaching $42.95. 2,517,655 shares of the company were exchanged, compared to its average volume of 3,381,038. The firm has a market cap of $9.86 billion, a PE ratio of 15.18, a PEG ratio of 0.65 and a beta of 1.43. The company has a fifty day simple moving average of $41.03 and a 200-day simple moving average of $37.91. Match Group has a 12 month low of $28.81 and a 12 month high of $44.94.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $853.11 million during the quarter, compared to the consensus estimate of $857.77 million. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. Sell-side analysts anticipate that Match Group will post 3.31 earnings per share for the current year.

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 5th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, October 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. Match Group’s dividend payout ratio (DPR) is currently 28.27%.

Match Group Company Profile

Match Group, Inc is a global provider of online dating and social discovery services. The company operates a portfolio of dating platforms designed to help users form romantic, social and relationship-oriented connections across a range of demographics, interests and relationship goals.

Its brands include Tinder, Hinge, Match, Meetic, OkCupid, Plenty of Fish, OurTime, BLK, Chispa and The League. These services are available through mobile applications and websites and generally offer features such as user profiles, matching, messaging, discovery tools and subscription or other paid enhancements.

Match Group traces its origins to Match.com and was established as a standalone public company after being spun off from IAC in 2020.