Match Group (NASDAQ:MTCH) Director Sells $149,820.33 in Stock

Match Group Inc. (NASDAQ:MTCH) Director Ann Mcdaniel sold 3,531 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $42.43, for a total value of $149,820.33. Following the sale, the director directly owned 26,839 shares of the company’s stock, valued at $1,138,778.77. This represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Match Group Trading Down 1.3%

Shares of Match Group stock opened at $41.86 on Friday. The company has a market capitalization of $9.61 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32. The stock has a fifty day simple moving average of $39.24 and a 200 day simple moving average of $35.63. Match Group Inc. has a 12-month low of $28.81 and a 12-month high of $43.47.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $853.11 million for the quarter, compared to the consensus estimate of $857.77 million. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. On average, analysts predict that Match Group Inc. will post 3.31 EPS for the current year.

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Monday, October 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Zacks Research raised Match Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $40.00 target price on Match Group in a research report on Wednesday, August 5th. Susquehanna reissued a “positive” rating on shares of Match Group in a report on Wednesday, August 5th. Wells Fargo & Company increased their price target on shares of Match Group from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Truist Financial raised their price objective on shares of Match Group from $37.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.46.

Institutional Trading of Match Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new position in Match Group in the 3rd quarter valued at approximately $28,000. Whittier Trust Co. raised its holdings in Match Group by 91.3% during the 1st 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. Parkside Financial Bank & Trust lifted 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 acquiring an additional 356 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of Match Group by 1,319.4% in the second quarter. Elevation Wealth Partners LLC now owns 951 shares of the technology company’s stock worth $36,000 after acquiring an additional 884 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in shares of Match Group by 63.9% in the fourth quarter. Root Financial Partners LLC now owns 1,254 shares of the technology company’s stock worth $40,000 after acquiring an additional 489 shares during the period. Institutional investors own 94.05% of the company’s stock.

More Match Group News

Here are the key news stories impacting Match Group this week:

• Positive Sentiment: AI matchmaking expansion into Europe: Match Group is extending its AI-powered matchmaking efforts into European markets. The initiative could improve user engagement, matching quality and monetization across Tinder and other platforms, although financial benefits have not yet been quantified. Match Group Pushes AI Matchmaking Into Europe
• Positive Sentiment: Post-earnings share momentum: MTCH has risen 11.2% since its latest earnings report, when adjusted earnings of $0.70 per share exceeded the $0.65 consensus estimate. The stock also recently reached a 52-week high, indicating improved investor confidence despite a modest year-over-year revenue decline. Why Is Match Group Up Since Last Earnings Report? Match Group Stock Hits 52-Week High
• Neutral Sentiment: Product innovation remains a key focus: Tinder’s product and engineering teams highlighted faster product development and ongoing innovation. The update supports the long-term engagement thesis but provided no new guidance or specific revenue targets. Match Group Tinder Product Innovation Transcript
• Negative Sentiment: Director reduced her holdings: Director Ann McDaniel sold 3,531 shares for approximately $149,820 at an average price of $42.43, reducing her direct ownership by 11.63%. While the sale is relatively small and may be personal or routine, insider selling can weigh on sentiment, particularly with MTCH trading near recent highs. Match Group Director Sells Shares
• Negative Sentiment: Higher wages could reinforce Fed concerns: U.S. average hourly earnings accelerated to 0.3% month over month from 0.1%, potentially increasing inflation and interest-rate concerns. Higher-for-longer rates can pressure valuation multiples for consumer and internet companies such as Match Group. Wage Growth Surges and Raises Fed Concerns

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.