UBS Group Cuts Match Group (NASDAQ:MTCH) Price Target to $31.00

Match Group (NASDAQ:MTCH - Free Report) had its price target lowered by UBS Group from $34.00 to $31.00 in a report published on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the technology company's stock.

Several other analysts have also commented on the company. BTIG Research lowered Match Group from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on shares of Match Group from $33.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI cut shares of Match Group from an "outperform" rating to an "inline" rating and set a $35.00 price objective for the company. in a research report on Thursday, February 6th. HSBC lowered shares of Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Citigroup reduced 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 Friday, April 25th. Fifteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $36.44.

Match Group Price Performance

NASDAQ:MTCH traded up $0.28 during trading hours on Tuesday, reaching $30.69. The company had a trading volume of 3,805,909 shares, compared to its average volume of 4,948,423. Match Group has a 1-year low of $26.39 and a 1-year high of $38.84. The business's 50 day moving average price is $30.28 and its 200-day moving average price is $32.42. The firm has a market cap of $7.69 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 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, analysts expect that Match Group will post 2.44 earnings per share for the current fiscal year.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were issued a $0.19 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.48%. Match Group's dividend payout ratio (DPR) is currently 37.62%.

Insiders Place Their Bets

In related news, President Gary Swidler sold 242,209 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the transaction, the president now owns 1,690 shares of the company's stock, valued at approximately $55,533.40. This trade represents a 99.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Match Group during the 1st quarter worth about $37,000. Canada Post Corp Registered Pension Plan purchased a new stake in Match Group during the fourth quarter worth about $43,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Match Group by 30,240.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock worth $50,000 after purchasing an additional 1,512 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Match Group by 130.1% in the first quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock valued at $79,000 after purchasing an additional 1,434 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after purchasing an additional 378 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

About Match Group

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.