Match Group (NASDAQ:MTCH – Free Report) had its price target raised by Barclays from $51.00 to $52.00 in a report published on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.
A number of other research analysts have also commented on the stock. Zacks Research lowered shares of Match Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Evercore upgraded Match Group from a “cautious” rating to an “outperform” rating and set a $53.00 target price for the company in a research report on Monday, October 19th. Truist Financial increased their price target on Match Group from $37.00 to $41.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Match Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Susquehanna lifted their price target on Match Group from $45.00 to $50.00 and gave the company a “positive” rating in a research report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Match Group has a consensus rating of “Moderate Buy” and a consensus target price of $45.64.
View Our Latest Research Report on Match Group
Match Group Stock Down 2.6%
Shares of NASDAQ MTCH opened at $39.16 on Tuesday. The stock has a market cap of $8.99 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.59 and a beta of 1.47. The firm’s 50-day simple moving average is $42.12 and its 200 day simple moving average is $36.65. Match Group has a fifty-two week low of $28.81 and a fifty-two week high of $46.67.
Match Group (NASDAQ:MTCH – Get Free Report) last announced its earnings results on Monday, November 2nd. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $891.23 million during the quarter, compared to analyst estimates of $892.45 million. Match Group had a net margin of 20.69% and a negative return on equity of 361.92%. Match Group’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. On average, sell-side analysts anticipate that Match Group will post 3.31 earnings per share for the current fiscal year.
Match Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 21st. Shareholders of record on Wednesday, January 6th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 6th. Match Group’s dividend payout ratio is presently 27.21%.
Insider Buying and Selling at Match Group
In other Match Group news, Director Glenn Schiffman acquired 3,000 shares of Match Group stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $36.63 per share, for a total transaction of $109,890.00. Following the transaction, the director owned 56,370 shares in the company, valued at approximately $2,064,833.10. This trade represents a 5.62% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Philip Eigenmann sold 15,000 shares of Match Group stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $41.70, for a total transaction of $625,500.00. Following the completion of the transaction, the chief accounting officer directly owned 19,389 shares in the company, valued at $808,521.30. This represents a 43.62% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 23,291 shares of company stock worth $976,478. Company insiders own 0.71% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in shares of Match Group by 101.8% in the third quarter. Fifth Third Bancorp now owns 218,965 shares of the technology company’s stock worth $8,791,000 after buying an additional 110,470 shares during the period. Maryland State Retirement & Pension System grew its holdings in shares of Match Group by 43.8% during the third quarter. Maryland State Retirement & Pension System now owns 66,308 shares of the technology company’s stock valued at $2,662,000 after buying an additional 20,193 shares in the last quarter. Ritholtz Wealth Management raised its position in Match Group by 74.8% during the third quarter. Ritholtz Wealth Management now owns 21,092 shares of the technology company’s stock valued at $847,000 after buying an additional 9,025 shares during the period. Illinois Municipal Retirement Fund raised its position in Match Group by 0.3% during the third quarter. Illinois Municipal Retirement Fund now owns 344,833 shares of the technology company’s stock valued at $13,845,000 after buying an additional 1,072 shares during the period. Finally, Lido Advisors LLC raised its position in Match Group by 23.0% during the third quarter. Lido Advisors LLC now owns 37,923 shares of the technology company’s stock valued at $1,523,000 after buying an additional 7,087 shares during the period. 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: Citigroup expects Match Group shares to rise, while Barclays and Truist raised their price targets and UBS forecast strong appreciation. These calls may support investor confidence. Citigroup analyst outlook Barclays price target Truist price target UBS outlook
- Positive Sentiment: Tinder’s global daily active users returned to year-over-year growth in September, and Match expects full-year revenue to finish above the midpoint of its guidance range—potential signs of improving engagement and execution. Three earnings takeaways
- Neutral Sentiment: Match is testing a lower-priced Hinge plan. It could broaden access and attract users, but investors will want to see whether added subscriptions outweigh any pressure on revenue per user. Hinge plan analysis
- Negative Sentiment: A reported analyst downgrade weighed on sentiment, despite the separate target increases. Match’s latest quarterly revenue also came in slightly below expectations and declined 2.5% year over year, tempering its earnings-per-share beat. Analyst downgrade report
About Match Group
Match Group, Inc is a global provider of online dating and social discovery services. The company operates a portfolio of dating applications and websites designed to help people form relationships, including Tinder, Hinge, Match, Meetic, OkCupid, Plenty of Fish, BLK, Chispa and The League.
Its platforms serve users across a broad range of geographies and relationship preferences. Match Group generates revenue primarily through paid subscriptions, premium features, à la carte purchases and advertising.
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