Match Group Inc. (NASDAQ:MTCH) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Match Group Inc. (NASDAQ:MTCH) has received an average recommendation of "Hold" from 21 brokerages, with 16 analysts suggesting a hold and 5 recommending a buy.
• The company's recent quarterly dividend payment was $0.19 per share, providing an annualized yield of 2.3%.
• Match Group's stock price target has been adjusted by several institutions, with a new average target price of $35.56 among brokers having updated their coverage over the past year.

Shares of Match Group Inc. (NASDAQ:MTCH - Get Free Report) have been assigned an average recommendation of "Hold" from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Sixteen investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $35.5625.

Several brokerages recently weighed in on MTCH. Weiss Ratings reissued a "hold (c)" rating on shares of Match Group in a report on Wednesday, October 8th. UBS Group boosted their price objective on Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. 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 report on Wednesday, August 6th. 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 report on Wednesday, August 6th. Finally, 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 report on Friday, June 27th.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $32.62 on Friday. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.65 and a beta of 1.38. Match Group has a 1 year low of $26.39 and a 1 year high of $39.20. The stock's 50-day simple moving average is $35.78 and its 200-day simple moving average is $32.90.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, October 3rd. Match Group's payout ratio is presently 37.44%.

Insider Buying and Selling at Match Group

In other 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 transaction of $203,796.34. Following the completion of the transaction, the director directly owned 21,926 shares in the company, valued at approximately $823,979.08. The trade was a 19.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction, the chief accounting officer owned 23,240 shares of the company's stock, 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. Insiders sold a total of 24,454 shares of company stock worth $907,839 over the last ninety days. Company insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Match Group

Institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in Match Group in the third quarter worth approximately $25,000. Employees Retirement System of Texas acquired a new stake in Match Group in the second quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB lifted its position in Match Group by 56.0% in the second 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 during the period. Caldwell Trust Co acquired a new stake in Match Group in the second quarter worth approximately $32,000. Finally, CoreCap Advisors LLC lifted its position in Match Group by 346.4% in the third quarter. CoreCap Advisors LLC now owns 1,232 shares of the technology company's stock worth $44,000 after purchasing an additional 956 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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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