Match Group Inc. (NASDAQ:MTCH) Stock Has Average Price Target of $42.46

Key Points

• Analyst sentiment is neutral: Sixteen firms give Match Group an average “Hold” rating, with nine holds and seven buys. The average 12-month price target is $42.46, modestly above the reported $41.09 share price.
• Quarterly results were mixed: Match Group reported adjusted EPS of $0.70, beating estimates of $0.65, while revenue of $853.11 million fell short of forecasts and declined 1.2% year over year.
• Shareholders received a dividend: The company declared a quarterly dividend of $0.20 per share, equivalent to an annualized $0.80 payout and a 1.9% yield.

Match Group Inc. (NASDAQ:MTCH - Get Free Report) has been assigned an average recommendation of "Hold" from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $42.46.

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Match Group from $38.00 to $41.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. Truist Financial raised their target price on shares of Match Group from $37.00 to $41.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Match Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Finally, Susquehanna restated a "positive" rating on shares of Match Group in a research report on Wednesday, August 5th.

Match Group Stock Down 1.0%

NASDAQ MTCH opened at $41.09 on Friday. Match Group has a twelve month low of $28.81 and a twelve month high of $44.94. The business has a 50-day moving average price of $40.64 and a 200-day moving average price of $37.48. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 0.61 and a beta of 1.43.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%. The company had revenue of $853.11 million for the quarter, compared to the consensus estimate of $857.77 million. During the same quarter last year, the company earned $0.49 EPS. The firm's quarterly revenue was down 1.2% on a year-over-year basis. Research analysts expect that Match Group will post 3.31 EPS for the current fiscal 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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. Match Group's dividend payout ratio is presently 28.27%.

Insider Transactions at Match Group

In other news, Director Glenn Schiffman purchased 3,000 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $36.63 per share, for a total transaction of $109,890.00. Following the acquisition, the director directly owned 56,370 shares of the company's stock, valued at $2,064,833.10. This represents a 5.62% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mcdaniel sold 3,531 shares of the firm's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $42.43, for a total transaction of $149,820.33. Following the completion of the transaction, the director directly owned 26,839 shares of the company's stock, valued at approximately $1,138,778.77. This trade represents a 11.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 23,291 shares of company stock worth $976,478. 0.71% of the stock is owned by corporate insiders.

Institutional Trading of Match Group

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in Match Group in the second quarter worth about $1,087,055,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Match Group by 2.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,494,679 shares of the technology company's stock worth $242,003,000 after purchasing an additional 196,191 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in shares of Match Group during the 2nd quarter valued at approximately $154,811,000. First Manhattan CO. LLC. increased its position in shares of Match Group by 2.0% during the 4th quarter. First Manhattan CO. LLC. now owns 3,557,506 shares of the technology company's stock valued at $114,872,000 after purchasing an additional 68,649 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Match Group during the 2nd quarter valued at $100,796,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

About Match Group

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.

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