Brokerages Set Match Group Inc. (NASDAQ:MTCH) Target Price at $36.38

Match Group Inc. (NASDAQ:MTCH) has earned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.8571.

Several research firms recently weighed in on MTCH. Morgan Stanley set a $35.00 price objective on shares of Match Group in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a research note on Thursday, January 22nd. Truist Financial reduced their price target on shares of Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday. Wells Fargo & Company cut their price objective on 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, Wall Street Zen raised Match Group from a “hold” rating to a “buy” rating in a research note on Saturday.

Insider Transactions at Match Group

In other Match Group news, CEO Spencer M. Rascoff purchased 14,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $31.84 per share, with a total value of $445,760.00. Following the acquisition, the chief executive officer directly owned 165,128 shares of the company’s stock, valued at $5,257,675.52. This trade represents a 9.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Match Group

Several hedge funds and other institutional investors have recently made changes to their positions in MTCH. Harbor Capital Advisors Inc. bought a new stake in shares of Match Group in the 3rd quarter valued at about $25,000. Root Financial Partners LLC acquired a new stake in shares of Match Group in the 3rd quarter valued at about $27,000. Employees Retirement System of Texas bought a new position in shares of Match Group in the 2nd quarter worth $28,000. Activest Wealth Management raised its holdings in Match Group by 6,523.1% during the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after buying an additional 848 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Match Group in the 3rd quarter worth about $28,000. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Performance

MTCH opened at $31.63 on Monday. Match Group has a 1-year low of $26.39 and a 1-year high of $39.20. The company has a 50-day moving average of $32.27 and a 200-day moving average of $33.94. The company has a market capitalization of $7.47 billion, a P/E ratio of 13.29, a PEG ratio of 0.57 and a beta of 1.32.

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 represents a $0.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, April 7th. This is a positive change from Match Group’s previous quarterly dividend of $0.19. Match Group’s dividend 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.