Match Group Inc. (NASDAQ:MTCH) Given Average Recommendation of "Moderate Buy" by Analysts

Match Group Inc. (NASDAQ:MTCH - Get Free Report) has been assigned an average rating of "Moderate Buy" from the sixteen analysts that are covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $41.5385.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada upped their target price on Match Group from $37.00 to $42.00 and gave the company an "outperform" rating in a report on Wednesday, May 6th. Susquehanna reissued a "positive" rating on shares of Match Group in a research report on Wednesday, August 5th. Wells Fargo & Company upped their price objective on Match Group from $38.00 to $41.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 7th. Weiss Ratings raised Match Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, July 15th. Finally, Barclays raised their target price on Match Group from $49.00 to $51.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th.

Match Group Stock Performance

Match Group stock opened at $40.35 on Friday. Match Group has a fifty-two week low of $28.81 and a fifty-two week high of $41.40. The stock has a market cap of $9.26 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.58 and a beta of 1.30. The firm's 50-day simple moving average is $37.89 and its 200 day simple moving average is $34.84.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The firm had revenue of $853.11 million during the quarter, compared to analyst estimates of $857.77 million. During the same quarter last year, the business posted $0.49 EPS. The company's revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts predict that Match Group will post 3.31 EPS for the current fiscal year.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.80 annualized dividend and a yield of 2.0%. Match Group's dividend payout ratio (DPR) is 28.27%.

Insiders Place Their Bets

In other news, Director Glenn Schiffman acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $36.63 per share, for a total transaction of $109,890.00. Following the purchase, the director owned 56,370 shares of the company's stock, valued at approximately $2,064,833.10. The trade was a 5.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.71% of the company's stock.

Hedge Funds Weigh In On Match Group

Large investors have recently modified their holdings of the business. Proficio Capital Partners LLC bought a new stake in shares of Match Group in the second quarter valued at approximately $653,000. Rehmann Capital Advisory Group boosted its holdings in Match Group by 7.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 58,291 shares of the technology company's stock worth $2,218,000 after buying an additional 3,868 shares during the period. Two Sigma Securities LLC purchased a new position in Match Group in the 2nd quarter valued at approximately $222,000. Cookson Peirce & Co. Inc. purchased a new position in Match Group in the 2nd quarter valued at approximately $492,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Match Group by 17.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,372,344 shares of the technology company's stock valued at $52,218,000 after acquiring an additional 203,959 shares during the period. Hedge funds and other institutional investors own 94.05% of the company's stock.

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.

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