Match Group Inc. (NASDAQ:MTCH) Short Interest Update

Match Group Inc. (NASDAQ:MTCH) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 11,023,255 shares, a decrease of 15.9% from the February 12th total of 13,114,789 shares. Based on an average daily trading volume, of 3,016,809 shares, the short-interest ratio is currently 3.7 days. Approximately 4.7% of the shares of the stock are short sold. Approximately 4.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,016,809 shares, the short-interest ratio is currently 3.7 days.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 target price on shares of Match Group in a research report on Wednesday, December 10th. Wolfe Research set a $43.00 target price on shares of Match Group and gave the company an “outperform” rating in a report on Monday, January 5th. Truist Financial reduced their price target on shares of Match Group from $35.00 to $34.00 and set a “hold” rating on the stock in a research report on Wednesday, February 4th. Finally, TD Cowen decreased their price target on shares of Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.86.

Match Group Price Performance

NASDAQ MTCH traded up $0.78 during trading on Tuesday, hitting $31.07. The company’s stock had a trading volume of 4,279,532 shares, compared to its average volume of 3,949,295. Match Group has a fifty-two week low of $26.39 and a fifty-two week high of $39.20. The company has a market cap of $7.33 billion, a PE ratio of 13.05, a P/E/G ratio of 0.49 and a beta of 1.30. The business’s 50 day simple moving average is $31.20 and its 200-day simple moving average is $32.95.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The company had revenue of $878.01 million for the quarter, compared to analyst estimates of $872.86 million. During the same quarter in the previous year, the company posted $0.59 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts expect that Match Group will post 2.44 EPS for the current fiscal year.

Match Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be paid a $0.20 dividend. This is a positive change from Match Group’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, April 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. Match Group’s dividend payout ratio (DPR) is 31.93%.

Institutional Trading of Match Group

Several large investors have recently added to or reduced their stakes in MTCH. State Street Corp raised its position in Match Group by 14.6% during the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after buying an additional 2,461,025 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Match Group by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock valued at $385,590,000 after buying an additional 162,330 shares in the last quarter. Starboard Value LP raised its holdings in Match Group by 2.9% in the 4th quarter. Starboard Value LP now owns 11,395,379 shares of the technology company’s stock worth $367,957,000 after purchasing an additional 325,000 shares during the period. Invesco Ltd. raised its stake in shares of Match Group by 9.8% during the 4th quarter. Invesco Ltd. now owns 9,799,389 shares of the technology company’s stock worth $316,422,000 after buying an additional 872,524 shares during the period. Finally, AQR Capital Management LLC raised its position in Match Group by 32.8% during the fourth quarter. AQR Capital Management LLC now owns 8,149,868 shares of the technology company’s stock worth $261,692,000 after acquiring an additional 2,011,970 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.