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

Match Group Inc. (NASDAQ:MTCH) has been given an average recommendation of “Hold” by the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $41.0714.

Several research analysts have recently commented on MTCH shares. TD Cowen raised their price objective on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. UBS Group raised their price objective on Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Piper Sandler set a $51.00 price objective on Match Group in a research note on Wednesday, May 6th. Citigroup raised their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price objective on Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th.

Insider Activity at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the transaction, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. This trade represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is owned by company insiders.

Institutional Trading of Match Group

Several institutional investors have recently made changes to their positions in MTCH. Activest Wealth Management grew its position 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 worth $28,000 after purchasing an additional 848 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Match Group during the third quarter worth about $28,000. Whittier Trust Co. grew its position 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 worth $29,000 after purchasing an additional 431 shares in the last quarter. Rossby Financial LCC grew its position 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 worth $31,000 after purchasing an additional 506 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Match Group by 53.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after purchasing an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Down 1.0%

NASDAQ MTCH opened at $34.42 on Friday. The stock’s 50-day moving average price is $34.77 and its 200-day moving average price is $32.85. Match Group has a 52 week low of $28.81 and a 52 week high of $39.20. The company has a market capitalization of $8.03 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 0.55 and a beta of 1.33.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. Match Group’s dividend payout ratio (DPR) is 30.53%.

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.