Ann Mcdaniel Sells 3,531 Shares of Match Group (NASDAQ:MTCH) Stock

Match Group Inc. (NASDAQ:MTCH) Director Ann Mcdaniel sold 3,531 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $42.43, for a total value of $149,820.33. Following the completion of the transaction, the director directly owned 26,839 shares in the company, valued at approximately $1,138,778.77. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Match Group Stock Performance

Shares of MTCH opened at $41.86 on Friday. Match Group Inc. has a twelve month low of $28.81 and a twelve month high of $43.47. The firm’s 50 day moving average price is $39.24 and its 200 day moving average price is $35.63. The firm has a market cap of $9.61 billion, a PE ratio of 14.79, a PEG ratio of 0.62 and a beta of 1.32.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $853.11 million for the quarter, compared to analyst estimates of $857.77 million. During the same quarter last year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Match Group Inc. will post 3.31 earnings per share for the current fiscal year.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 5th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, October 5th. Match Group’s dividend payout ratio (DPR) is presently 28.27%.

Analyst Upgrades and Downgrades

MTCH has been the topic of a number of research reports. Zacks Research upgraded Match Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Morgan Stanley set a $40.00 price target on shares of Match Group in a report on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on shares of Match Group in a research note on Monday, August 24th. They issued a “neutral” rating and a $43.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Match Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of Match Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.46.

Institutional Trading of Match Group

Several institutional investors have recently bought and sold shares of MTCH. Advisory Services Network LLC bought a new position in shares of Match Group during the third quarter valued at $28,000. Whittier Trust Co. grew its holdings in shares of Match Group by 91.3% in the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock worth $29,000 after purchasing an additional 431 shares during the last quarter. Elevation Wealth Partners LLC increased its position in shares of Match Group by 1,319.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 951 shares of the technology company’s stock worth $36,000 after purchasing an additional 884 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Match Group by 53.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after purchasing an additional 356 shares in the last quarter. Finally, Wexford Capital LP bought a new position in Match Group during the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Trending Headlines about Match Group

Here are the key news stories impacting Match Group this week:

• Positive Sentiment: AI matchmaking expansion into Europe: Match Group is extending its AI-powered matchmaking efforts into European markets. The initiative could improve user engagement, matching quality and monetization across Tinder and other platforms, although financial benefits have not yet been quantified. Match Group Pushes AI Matchmaking Into Europe
• Positive Sentiment: Post-earnings share momentum: MTCH has risen 11.2% since its latest earnings report, when adjusted earnings of $0.70 per share exceeded the $0.65 consensus estimate. The stock also recently reached a 52-week high, indicating improved investor confidence despite a modest year-over-year revenue decline. Why Is Match Group Up Since Last Earnings Report? Match Group Stock Hits 52-Week High
• Neutral Sentiment: Product innovation remains a key focus: Tinder’s product and engineering teams highlighted faster product development and ongoing innovation. The update supports the long-term engagement thesis but provided no new guidance or specific revenue targets. Match Group Tinder Product Innovation Transcript
• Negative Sentiment: Director reduced her holdings: Director Ann McDaniel sold 3,531 shares for approximately $149,820 at an average price of $42.43, reducing her direct ownership by 11.63%. While the sale is relatively small and may be personal or routine, insider selling can weigh on sentiment, particularly with MTCH trading near recent highs. Match Group Director Sells Shares
• Negative Sentiment: Higher wages could reinforce Fed concerns: U.S. average hourly earnings accelerated to 0.3% month over month from 0.1%, potentially increasing inflation and interest-rate concerns. Higher-for-longer rates can pressure valuation multiples for consumer and internet companies such as Match Group. Wage Growth Surges and Raises Fed Concerns

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.