Match Group Inc. (NASDAQ:MTCH) Receives $35.15 Consensus Target Price from Analysts

Match Group Inc. (NASDAQ:MTCH) has been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $35.4167.

A number of analysts have recently issued reports on MTCH shares. Morgan Stanley dropped their price objective on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, October 20th. Wall Street Zen downgraded Match Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $37.00 price target on shares of Match Group in a research note on Wednesday, December 10th. Evercore ISI reduced their price objective on Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Finally, Truist Financial decreased their price objective on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, November 5th.

Insider Activity at Match Group

In other Match Group news, CEO Spencer M. Rascoff bought 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were bought at an average price of $31.84 per share, for a total transaction of $445,760.00. Following the transaction, the chief executive officer directly owned 165,128 shares in the company, valued at $5,257,675.52. This trade represents a 9.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MTCH. Harbor Capital Advisors Inc. bought a new stake in shares of Match Group in the 3rd quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in Match Group in the 3rd quarter worth approximately $27,000. Advisory Services Network LLC bought a new stake in Match Group in the third quarter valued at approximately $28,000. Employees Retirement System of Texas bought a new stake in Match Group in the second quarter valued at approximately $28,000. Finally, Rossby Financial LCC boosted its stake in shares of Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after purchasing an additional 506 shares during the period. 94.05% of the stock is owned by institutional investors.

Match Group Price Performance

Shares of MTCH opened at $33.02 on Friday. Match Group has a 1-year low of $26.39 and a 1-year high of $39.20. The company has a market capitalization of $7.80 billion, a P/E ratio of 15.43, a P/E/G ratio of 0.72 and a beta of 1.34. The firm’s 50 day simple moving average is $32.81 and its 200 day simple moving average is $33.91.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Tuesday, January 6th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. Match Group’s dividend payout ratio is 35.51%.

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.