Match Group Inc. (NASDAQ:MTCH) Given Consensus Rating of “Hold” by Brokerages

Shares of Match Group Inc. (NASDAQ:MTCH) have received a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $41.0714.

MTCH has been the topic of several recent research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $43.00 price target on shares of Match Group in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Weiss Ratings raised Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Piper Sandler set a $51.00 price target on Match Group in a research note on Wednesday, May 6th. Finally, Citigroup lifted their target price on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th.

Match Group Price Performance

MTCH opened at $34.89 on Friday. The business’s 50-day moving average price is $35.18 and its two-hundred day moving average price is $32.96. Match Group has a 1 year low of $28.81 and a 1 year high of $39.20. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 0.56 and a beta of 1.33.

Match Group Announces Dividend

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

Insider Activity

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

Hedge Funds Weigh In On Match Group

Institutional investors have recently added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in Match Group by 6,523.1% during the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after buying an additional 848 shares during the last quarter. Advisory Services Network LLC acquired a new position in Match Group during the third quarter worth $28,000. Whittier Trust Co. increased its holdings in Match Group by 91.3% during the first quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock worth $29,000 after buying an additional 431 shares during the last quarter. Rossby Financial LCC increased its holdings in Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock worth $31,000 after buying an additional 506 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Match Group by 53.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after buying an additional 356 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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.