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

Match Group Inc. (NASDAQ:MTCH) has received a consensus rating of “Hold” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $35.6429.

A number of equities research analysts recently commented on the company. UBS Group reissued a “neutral” rating on shares of Match Group in a research report on Friday, March 13th. JPMorgan Chase & Co. lowered their price target on Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Morgan Stanley set a $35.00 price objective on Match Group in a research note on Wednesday, February 4th. Wells Fargo & Company started coverage on Match Group in a research note on Tuesday, April 7th. They issued an “equal weight” rating and a $30.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a research note on Thursday, January 22nd.

Match Group Trading Up 2.2%

NASDAQ MTCH opened at $35.51 on Friday. The firm has a market capitalization of $8.26 billion, a P/E ratio of 14.92, a PEG ratio of 0.56 and a beta of 1.30. The business has a fifty day simple moving average of $31.41 and a 200 day simple moving average of $32.13. Match Group has a 12 month low of $26.80 and a 12 month high of $39.20.

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

Match Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be paid a $0.20 dividend. This is a boost from Match Group’s previous quarterly dividend of $0.19. The ex-dividend date is Tuesday, April 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Match Group’s dividend payout ratio is currently 33.61%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fieldview Capital Management LLC bought a new position in Match Group in the 3rd quarter valued at $1,803,000. CWM LLC grew its stake in Match Group by 3,228.4% in the 3rd quarter. CWM LLC now owns 266,406 shares of the technology company’s stock valued at $9,409,000 after purchasing an additional 258,402 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Match Group by 611.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 116,535 shares of the technology company’s stock worth $3,857,000 after acquiring an additional 100,163 shares during the period. Picton Mahoney Asset Management bought a new position in shares of Match Group during the 3rd quarter worth $1,863,000. Finally, GSA Capital Partners LLP grew its stake in shares of Match Group by 327.7% during the 3rd quarter. GSA Capital Partners LLP now owns 50,252 shares of the technology company’s stock worth $1,775,000 after acquiring an additional 38,502 shares during the period. Institutional investors 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.