Match Group Inc. (NASDAQ:MTCH) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Match Group Inc. has received a consensus rating of "Hold" from analysts, with fifteen holding and five buying ratings. The average target price is $35.44.
• The company announced a quarterly dividend of $0.19 per share, leading to an annualized dividend yield of 2.1%.
• Institutional investors have made significant changes to their positions, with one investor increasing their stake by 56% during the last quarter.

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

A number of equities analysts have issued reports on MTCH shares. Wall Street Zen downgraded Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Bank of America cut their target price on Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Morgan Stanley cut their target price on Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company increased their target price on Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Finally, Susquehanna increased their target price on Match Group from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Thursday.

Match Group Trading Down 0.7%

MTCH opened at $36.09 on Monday. The stock has a fifty day simple moving average of $32.40 and a two-hundred day simple moving average of $31.56. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.72 and a beta of 1.36. Match Group has a 12-month low of $26.39 and a 12-month high of $38.77.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, October 3rd. Match Group's dividend payout ratio (DPR) is presently 37.44%.

Insider Transactions at Match Group

In other Match Group news, Director Stephen Bailey sold 12,500 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $36.72, for a total value of $459,000.00. Following the transaction, the director directly owned 8,058 shares of the company's stock, valued at approximately $295,889.76. This trade represents a 60.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB raised its stake in Match Group by 56.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company's stock valued at $31,000 after purchasing an additional 362 shares during the period. NBC Securities Inc. bought a new stake in Match Group during the 1st quarter valued at approximately $37,000. Canada Post Corp Registered Pension Plan purchased a new position in Match Group during the 4th quarter valued at approximately $43,000. SVB Wealth LLC purchased a new position in Match Group during the 1st quarter valued at approximately $49,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Match Group by 30,240.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock valued at $50,000 after buying an additional 1,512 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

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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