Melissa Anne Brenner Sells 5,141 Shares of Match Group (NASDAQ:MTCH) Stock

Match Group Inc. (NASDAQ:MTCH) Director Melissa Anne Brenner sold 5,141 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the transaction, the director owned 16,218 shares in the company, valued at $582,874.92. This trade represents a 24.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Match Group Price Performance

NASDAQ MTCH traded up $1.13 on Friday, hitting $36.96. The company had a trading volume of 3,966,333 shares, compared to its average volume of 4,922,229. The company’s fifty day moving average price is $32.77 and its 200-day moving average price is $32.41. The company has a market capitalization of $8.60 billion, a PE ratio of 14.11, a PEG ratio of 0.61 and a beta of 1.36. Match Group Inc. has a 12-month low of $26.80 and a 12-month high of $39.20.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.17). Match Group had a net margin of 18.83% and a negative return on equity of 307.45%. The company had revenue of $878.01 million for the quarter, compared to analysts’ expectations of $872.86 million. During the same period in the previous year, the business earned $0.59 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Match Group Inc. will post 3.05 EPS for the current year.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors 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 2.2%. The ex-dividend date is Tuesday, July 7th. Match Group’s dividend payout ratio is 30.53%.

Trending Headlines about Match Group

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

• Positive Sentiment: Match Group reported first-quarter revenue of $864 million, topping expectations and helping reinforce the view that the business is still growing despite broader dating-app headwinds. Match Group Posts $864 Million Revenue Beat As Tinder Decline Slows
• Positive Sentiment: Investor attention is also centered on management’s Q1 call, which highlighted continued growth in parts of the portfolio alongside efforts to address operating challenges. Match Group Earnings Call Balances Growth And Headwinds
• Positive Sentiment: Wells Fargo raised its view on Match Group with a new $38 price target, suggesting analysts see more upside after the earnings report. Match Group Given New $38.00 Price Target at Wells Fargo & Company
• Neutral Sentiment: Coverage from other outlets noted mixed analyst opinions on Match Group, indicating sentiment remains divided even after the latest results. Analysts’ Opinions Are Mixed on These Communication Services Stocks: Match Group (MTCH) and Bumble (BMBL)
• Neutral Sentiment: Match Group’s CEO also drew attention for reviving a Tinder internship program that attracted more than 30,000 applications, but this is more of a brand and talent story than a direct financial catalyst. Match Group’s CEO revived a shuttered Tinder internship program for Gen Z—and received over 30,000 applications for just 27 spots
• Negative Sentiment: One market note said Match Group underperformed peers on Thursday, showing investors are still weighing the company’s longer-term growth concerns. Match Group Inc. stock underperforms Thursday when compared to competitors

Institutional Investors Weigh In On Match Group

A number of large investors have recently made changes to their positions in MTCH. Root Financial Partners LLC purchased a new position in Match Group during the third quarter worth approximately $27,000. Activest Wealth Management increased its stake in shares of Match Group by 6,523.1% in the 4th quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after acquiring an additional 848 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Match Group in the 3rd quarter worth $28,000. Whittier Trust Co. raised its holdings in shares of Match Group by 91.3% during the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock worth $29,000 after acquiring an additional 431 shares during the period. Finally, Rossby Financial LCC boosted its position in shares of Match Group by 126.5% during the 3rd quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after acquiring an additional 506 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on MTCH. JPMorgan Chase & Co. reduced their target price on Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. TD Cowen lifted their price target on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group reiterated a “buy” rating and set a $43.00 price target on shares of Match Group in a research report on Wednesday. Wells Fargo & Company increased their price objective on Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.07.

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.