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

Shares of Match Group Inc. (NASDAQ:MTCH) have been given a consensus rating of “Hold” by the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $35.8571.

Several equities analysts recently commented on the stock. UBS Group set a $34.00 target price on shares of Match Group in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Wolfe Research set a $43.00 target price on Match Group and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. lowered their price target 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.

Match Group Stock Up 1.7%

MTCH opened at $31.31 on Friday. The stock’s 50 day moving average price is $31.47 and its two-hundred day moving average price is $33.38. The firm has a market capitalization of $7.39 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.30. Match Group has a 12-month low of $26.39 and a 12-month high of $39.20.

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

Match Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be given a dividend of $0.20 per share. This is a boost from Match Group’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, April 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Match Group’s dividend payout ratio is 31.93%.

Institutional Trading of Match Group

A number of large investors have recently bought and sold shares of MTCH. Woodline Partners LP bought a new position in shares of Match Group during the first quarter valued at $662,000. Asset Management One Co. Ltd. raised its position in shares of Match Group by 11.4% during the second quarter. Asset Management One Co. Ltd. now owns 8,155 shares of the technology company’s stock worth $252,000 after acquiring an additional 837 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Match Group by 13.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 14,834 shares of the technology company’s stock valued at $458,000 after acquiring an additional 1,701 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Match Group by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 583,733 shares of the technology company’s stock valued at $18,032,000 after acquiring an additional 30,134 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its holdings in Match Group by 389.9% in the second quarter. Y Intercept Hong Kong Ltd now owns 122,258 shares of the technology company’s stock valued at $3,777,000 after acquiring an additional 97,301 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

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.