Analysts Set Match Group Inc. (NASDAQ:MTCH) PT at $35.64

Shares of Match Group Inc. (NASDAQ:MTCH) have received an average rating of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $35.8462.

A number of research firms have recently commented on MTCH. Wolfe Research set a $43.00 price target on shares of Match Group and gave the company an “outperform” rating in a research report on Monday, January 5th. Truist Financial dropped their price target on Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research report on Thursday, January 22nd. Wall Street Zen cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Wells Fargo & Company initiated coverage on shares of Match Group in a research report on Tuesday, April 7th. They issued an “equal weight” rating and a $30.00 price objective on the stock.

Institutional Investors Weigh In On Match Group

Several institutional investors have recently added to or reduced their stakes in MTCH. AQR Capital Management LLC grew its stake in shares of Match Group by 1,163.7% in the third quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after purchasing an additional 5,652,174 shares during the last quarter. Norges Bank bought a new stake in shares of Match Group during the fourth quarter valued at approximately $112,641,000. Holocene Advisors LP grew its position in shares of Match Group by 2,474.5% in the 3rd quarter. Holocene Advisors LP now owns 2,741,573 shares of the technology company’s stock worth $96,832,000 after buying an additional 2,635,085 shares during the period. State Street Corp grew its position in shares of Match Group by 14.6% in the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after buying an additional 2,461,025 shares during the period. Finally, LSV Asset Management grew its position in shares of Match Group by 37.8% in the 3rd quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock worth $168,504,000 after buying an additional 1,307,949 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

MTCH opened at $36.11 on Friday. The company’s 50-day moving average is $31.48 and its 200 day moving average is $32.10. Match Group has a fifty-two week low of $26.80 and a fifty-two week high of $39.20. The firm has a market capitalization of $8.40 billion, a P/E ratio of 15.17, a PEG ratio of 0.58 and a beta of 1.30.

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 analysts’ consensus estimates 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 company had revenue of $878.01 million for the quarter, compared to analysts’ expectations of $872.86 million. During the same quarter last year, the business posted $0.59 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts expect that Match Group will post 3.04 earnings per share for the current year.

Match Group Increases Dividend

The business 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 an increase from Match Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, April 7th. Match Group’s dividend payout ratio (DPR) is presently 33.61%.

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.