Brokerages Set Match Group Inc. (NASDAQ:MTCH) Target Price at $35.86

Match Group Inc. (NASDAQ:MTCH) has been assigned an average recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $35.8571.

Several equities analysts have recently issued reports on MTCH shares. Morgan Stanley set a $35.00 price objective on Match Group in a research note on Wednesday, February 4th. JPMorgan Chase & Co. reduced their target price on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. TD Cowen decreased their price target on shares of Match Group from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Wells Fargo & Company lowered their price target on shares of Match Group from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Finally, Raymond James Financial restated a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Match Group during the 3rd quarter worth about $25,000. Root Financial Partners LLC acquired a new stake in Match Group during the third quarter worth approximately $27,000. Employees Retirement System of Texas purchased a new stake in shares of Match Group during the 2nd quarter worth approximately $28,000. Activest Wealth Management boosted its holdings 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 valued at $28,000 after buying an additional 848 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Match Group in the 3rd quarter valued at $28,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Down 1.9%

NASDAQ:MTCH opened at $31.60 on Friday. Match Group has a 52 week low of $26.39 and a 52 week high of $39.20. The company has a fifty day simple moving average of $31.60 and a two-hundred day simple moving average of $33.52. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.61 and a beta of 1.30.

Match Group (NASDAQ:MTCH) last announced 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 17.59% and a negative return on equity of 289.29%. The company had revenue of $878.01 million during the quarter, compared to analyst estimates of $872.86 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Match Group will post 2.44 EPS for the current year.

Match Group Increases Dividend

The firm also recently declared 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. This represents a $0.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, April 7th. Match Group’s payout ratio is 31.93%.

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.