Analysts Set Match Group, Inc. (NASDAQ:MTCH) PT at $36.44

Match Group, Inc. (NASDAQ:MTCH - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-three analysts that are covering the stock, Marketbeat Ratings reports. Fourteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.44.

A number of research analysts recently commented on MTCH shares. BTIG Research downgraded Match Group from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. HSBC lowered shares of Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Bank of America cut their target price on Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Wells Fargo & Company decreased their price target on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Finally, StockNews.com downgraded Match Group from a "buy" rating to a "hold" rating in a research note on Friday, April 25th.

Insider Activity

In other Match Group news, President Gary Swidler sold 242,209 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the sale, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. This trade represents a 99.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.77% of the stock is currently owned by company insiders.

Institutional Trading of Match Group

A number of large investors have recently bought and sold shares of MTCH. Metis Global Partners LLC increased its holdings in Match Group by 3.0% during the 4th quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock worth $358,000 after acquiring an additional 318 shares during the period. Cornerstone Investment Partners LLC increased its stake in Match Group by 2.2% in the fourth quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock valued at $520,000 after acquiring an additional 349 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Match Group by 14.2% during the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after buying an additional 378 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Match Group by 3.9% during the first quarter. Fulton Bank N.A. now owns 10,290 shares of the technology company's stock worth $321,000 after acquiring an additional 388 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its position in Match Group by 1.8% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 23,149 shares of the technology company's stock valued at $757,000 after buying an additional 415 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Trading Down 1.3 %

NASDAQ MTCH traded down $0.39 during trading on Friday, reaching $30.30. The company's stock had a trading volume of 4,292,805 shares, compared to its average volume of 4,942,343. The firm has a 50 day moving average price of $30.28 and a 200 day moving average price of $32.35. Match Group has a 12 month low of $26.39 and a 12 month high of $38.84. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. On average, equities analysts forecast that Match Group will post 2.44 EPS for the current fiscal year.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.19 per share. The ex-dividend date was Thursday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.51%. Match Group's dividend payout ratio is currently 37.62%.

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.