Brokerages Set Match Group Inc. (NASDAQ:MTCH) Price Target at $35.96

Match Group Inc. (NASDAQ:MTCH - Get Free Report) has been given a consensus rating of "Hold" by the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $35.96.

Several brokerages have commented on MTCH. UBS Group decreased their price target on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Barclays decreased their price objective on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Evercore ISI reiterated a "cautious" rating and set a $32.00 price target on shares of Match Group in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus cut their price target on shares of Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd.

Insider Activity

In other Match Group news, CEO Spencer M. Rascoff purchased 70,885 shares of Match Group stock in a transaction on Friday, May 9th. The shares were bought at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the completion of the acquisition, the chief executive officer directly owned 137,478 shares of the company's stock, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.64% of the stock is owned by company insiders.

Institutional Trading of Match Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Stratos Wealth Partners LTD. raised its position in shares of Match Group by 5.0% in the first quarter. Stratos Wealth Partners LTD. now owns 19,671 shares of the technology company's stock valued at $614,000 after buying an additional 939 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Match Group by 7.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,132 shares of the technology company's stock worth $1,015,000 after purchasing an additional 2,429 shares during the last quarter. QRG Capital Management Inc. increased its position in Match Group by 34.0% during the first quarter. QRG Capital Management Inc. now owns 15,897 shares of the technology company's stock worth $496,000 after purchasing an additional 4,035 shares during the last quarter. GAMMA Investing LLC increased its position in Match Group by 79.2% during the first quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company's stock worth $289,000 after purchasing an additional 4,090 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Match Group by 13.4% during the fourth quarter. Wellington Management Group LLP now owns 9,647 shares of the technology company's stock worth $316,000 after purchasing an additional 1,139 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Match Group Stock Up 0.3%

MTCH stock traded up $0.10 during midday trading on Thursday, hitting $32.45. The company's stock had a trading volume of 2,695,349 shares, compared to its average volume of 4,677,602. Match Group has a 52-week low of $26.39 and a 52-week high of $38.84. The firm has a market capitalization of $8.13 billion, a P/E ratio of 16.06, a PEG ratio of 0.71 and a beta of 1.34. The firm has a 50-day simple moving average of $30.81 and a 200-day simple moving average of $31.35.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, July 3rd. 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.