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

Match Group Inc. (NASDAQ:MTCH) has earned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $35.8571.

Several equities analysts recently commented on MTCH shares. TD Cowen cut their price target on shares of Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada restated an “outperform” rating and set a $37.00 price objective on shares of Match Group in a research note on Wednesday, December 10th. Morgan Stanley set a $35.00 price objective on Match Group in a research report on Wednesday, February 4th. Truist Financial reduced their target price on shares of Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday, February 4th. Finally, Wells Fargo & Company reduced their target price on Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th.

Match Group Trading Down 1.6%

Shares of MTCH stock opened at $30.80 on Friday. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.60 and a beta of 1.30. Match Group has a 12-month low of $26.39 and a 12-month high of $39.20. The stock’s 50-day moving average price is $31.54 and its 200-day moving average price is $33.41.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.17). Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The business had revenue of $878.01 million during the quarter, compared to the consensus estimate of $872.86 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts predict that Match Group will post 2.44 EPS for the current fiscal year.

Match Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th will be issued a $0.20 dividend. This is a boost from Match Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, April 7th. Match Group’s dividend payout ratio is currently 31.93%.

Hedge Funds Weigh In On Match Group

Several institutional investors and hedge funds have recently modified their holdings of MTCH. Wick Capital Partners LLC purchased a new stake in shares of Match Group during the fourth quarter worth about $255,000. Kera Capital Partners Inc. increased its stake in shares of Match Group by 92.2% in the 4th quarter. Kera Capital Partners Inc. now owns 19,697 shares of the technology company’s stock worth $614,000 after acquiring an additional 9,447 shares during the last quarter. Invesco Ltd. increased its stake in shares of Match Group by 9.8% in the 4th quarter. Invesco Ltd. now owns 9,799,389 shares of the technology company’s stock worth $316,422,000 after acquiring an additional 872,524 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Match Group by 133.8% during the 4th quarter. Corient Private Wealth LLC now owns 66,319 shares of the technology company’s stock worth $2,141,000 after acquiring an additional 37,957 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Match Group by 43.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 156,038 shares of the technology company’s stock valued at $5,038,000 after acquiring an additional 47,353 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

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.