Match Group Inc. (NASDAQ:MTCH) Given Average Rating of "Hold" by Brokerages

Key Points

• Match Group Inc. (NASDAQ:MTCH) has received an average rating of "Hold" from twenty brokerages, with the 12-month price target set at approximately $35.44.
• The company recently announced a quarterly dividend of $0.19 per share, representing a yield of 2.1%, with the payment date set for October 17th.
• Insider selling has occurred, with significant transactions including Director Ann Mcdaniel and CAO Philip D. Eigenmann reducing their holdings, demonstrating a 19.83% and 21.94% decrease in ownership, respectively.

Match Group Inc. (NASDAQ:MTCH - Get Free Report) has been given an average rating of "Hold" by the twenty brokerages that are currently covering the company, MarketBeat.com reports. Fifteen research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $35.4375.

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Match Group from $28.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on Match Group from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Susquehanna boosted their price objective on Match Group from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. UBS Group boosted their price objective on Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Evercore ISI boosted their price objective on Match Group from $32.00 to $38.00 and gave the company an "in-line" rating in a research note on Wednesday, August 6th.

Match Group Stock Up 0.7%

Match Group stock opened at $36.50 on Tuesday. The business has a 50-day simple moving average of $36.61 and a two-hundred day simple moving average of $32.59. The company has a market cap of $8.78 billion, a P/E ratio of 17.98, a P/E/G ratio of 0.72 and a beta of 1.36. Match Group has a 52-week low of $26.39 and a 52-week high of $39.20.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.1%. Match Group's payout ratio is 37.44%.

Insider Buying and Selling

In related news, Director Ann Mcdaniel sold 5,423 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total value of $203,796.34. Following the transaction, the director directly owned 21,926 shares of the company's stock, valued at approximately $823,979.08. The trade was a 19.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Philip D. Eigenmann sold 6,531 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total value of $245,043.12. Following the completion of the transaction, the chief accounting officer directly owned 23,240 shares in the company, valued at approximately $871,964.80. This represents a 21.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,454 shares of company stock valued at $907,839. Corporate insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Employees Retirement System of Texas purchased a new position in Match Group in the 2nd quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Match Group by 56.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company's stock worth $31,000 after purchasing an additional 362 shares in the last quarter. Caldwell Trust Co purchased a new position in Match Group in the 2nd quarter worth approximately $32,000. NBC Securities Inc. purchased a new stake in shares of Match Group during the 1st quarter worth approximately $37,000. Finally, SVB Wealth LLC purchased a new stake in shares of Match Group during the 1st quarter worth approximately $49,000. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.

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