Match Group Inc. (NASDAQ:MTCH) Given Average Recommendation of “Moderate Buy” by Analysts

Match Group Inc. (NASDAQ:MTCH) has been assigned an average rating of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $41.5385.

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada upped their target price on Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Susquehanna reissued a “positive” rating on shares of Match Group in a research report on Wednesday, August 5th. Wells Fargo & Company upped their price objective on Match Group from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Match Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, Barclays raised their target price on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th.

Match Group Stock Performance

Match Group stock opened at $40.35 on Friday. Match Group has a fifty-two week low of $28.81 and a fifty-two week high of $41.40. The stock has a market cap of $9.26 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.58 and a beta of 1.30. The firm’s 50-day simple moving average is $37.89 and its 200 day simple moving average is $34.84.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The firm had revenue of $853.11 million during the quarter, compared to analyst estimates of $857.77 million. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts predict that Match Group will post 3.31 EPS for the current fiscal year.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.80 annualized dividend and a yield of 2.0%. Match Group’s dividend payout ratio (DPR) is 28.27%.

Insiders Place Their Bets

In other news, Director Glenn Schiffman acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $36.63 per share, for a total transaction of $109,890.00. Following the purchase, the director owned 56,370 shares of the company’s stock, valued at approximately $2,064,833.10. The trade was a 5.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Hedge Funds Weigh In On Match Group

Large investors have recently modified their holdings of the business. Proficio Capital Partners LLC bought a new stake in shares of Match Group in the second quarter valued at approximately $653,000. Rehmann Capital Advisory Group boosted its holdings in Match Group by 7.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 58,291 shares of the technology company’s stock worth $2,218,000 after buying an additional 3,868 shares during the period. Two Sigma Securities LLC purchased a new position in Match Group in the 2nd quarter valued at approximately $222,000. Cookson Peirce & Co. Inc. purchased a new position in Match Group in the 2nd quarter valued at approximately $492,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Match Group by 17.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,372,344 shares of the technology company’s stock valued at $52,218,000 after acquiring an additional 203,959 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

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.