Match Group Inc. (NASDAQ:MTCH) Receives $41.07 Average PT from Analysts

Shares of Match Group Inc. (NASDAQ:MTCH) have been given an average recommendation of “Hold” by the fifteen analysts that are covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.0714.

Several analysts have issued reports on MTCH shares. UBS Group raised their price target on shares of Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. TD Cowen raised their price target on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Morgan Stanley raised their price target on shares of Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Citigroup raised their price target on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Truist Financial set a $37.00 price target on shares of Match Group in a research report on Wednesday, May 6th.

Insider Buying and Selling at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of Match Group stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total transaction of $184,767.54. Following the sale, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. The trade was a 24.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Match Group

Several institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. boosted its position in shares of Match Group by 3.1% during the 1st quarter. Bessemer Group Inc. now owns 10,327 shares of the technology company’s stock valued at $317,000 after acquiring an additional 311 shares in the last quarter. Bollard Group LLC boosted its position in Match Group by 0.6% in the third quarter. Bollard Group LLC now owns 54,875 shares of the technology company’s stock valued at $1,938,000 after buying an additional 317 shares in the last quarter. True Wealth Design LLC boosted its position in Match Group by 12.8% in the fourth quarter. True Wealth Design LLC now owns 2,813 shares of the technology company’s stock valued at $91,000 after buying an additional 320 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Match Group by 8.2% in the second quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock valued at $133,000 after buying an additional 326 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in Match Group by 53.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after buying an additional 356 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Price Performance

Shares of MTCH opened at $35.35 on Wednesday. The company has a market capitalization of $8.25 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.57 and a beta of 1.36. Match Group has a one year low of $28.81 and a one year high of $39.20. The company’s fifty day moving average price is $33.51 and its 200 day moving average price is $32.58.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, July 7th. Match Group’s payout ratio is 30.53%.

About Match Group

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.