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

Shares of Match Group Inc. (NASDAQ:MTCH - Get Free Report) have been given an average recommendation of "Hold" by the twenty-four brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $35.91.

Several brokerages recently commented on MTCH. UBS Group reduced their target price on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Bank of America dropped their price objective on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Evercore ISI reissued a "cautious" rating and issued a $32.00 price objective on shares of Match Group in a research report on Wednesday, May 21st. Barclays lowered their price target on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Finally, Citigroup reduced their price objective on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th.

Insiders Place Their Bets

In related news, CEO Spencer M. Rascoff acquired 70,885 shares of the stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $28.05 per share, for a total transaction of $1,988,324.25. Following the purchase, the chief executive officer now directly owns 137,478 shares of the company's stock, valued at $3,856,257.90. The trade was a 106.45% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.64% of the company's stock.

Institutional Trading of Match Group

Several hedge funds have recently modified their holdings of the stock. Metis Global Partners LLC increased its stake in shares of Match Group by 3.0% in the 4th quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock valued at $358,000 after acquiring an additional 318 shares in the last quarter. Applied Finance Capital Management LLC increased its stake in shares of Match Group by 5.1% in the 1st quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company's stock valued at $215,000 after acquiring an additional 334 shares in the last quarter. Cornerstone Investment Partners LLC increased its stake in shares of Match Group by 2.2% in the 4th 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 in the last quarter. Assetmark Inc. grew its position in Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after purchasing an additional 378 shares during the period. Finally, Fulton Bank N.A. grew its position in Match Group by 3.9% in the 1st quarter. Fulton Bank N.A. now owns 10,290 shares of the technology company's stock valued at $321,000 after purchasing an additional 388 shares during the period. Institutional investors own 94.05% of the company's stock.

Match Group Stock Up 1.0%

Match Group stock opened at $30.59 on Friday. The stock has a market capitalization of $7.66 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.70 and a beta of 1.35. Match Group has a twelve month low of $26.39 and a twelve month high of $38.84. The company has a 50 day moving average of $29.90 and a 200-day moving average of $31.41.

Match Group Announces Dividend

The firm 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 $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.48%. Match Group's dividend payout ratio (DPR) is presently 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.

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