Brokerages Set Match Group Inc. (NASDAQ:MTCH) Price Target at $41.07

Match Group Inc. (NASDAQ:MTCH) has been given an average recommendation of “Hold” by the fifteen brokerages that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $41.2857.

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Citigroup upped their target price on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. TD Cowen increased their target price on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Weiss Ratings raised Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, UBS Group boosted their price target on Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th.

Match Group Stock Down 2.1%

NASDAQ:MTCH opened at $38.36 on Thursday. The company has a market capitalization of $8.95 billion, a PE ratio of 14.64, a P/E/G ratio of 0.63 and a beta of 1.30. Match Group has a 52-week low of $28.81 and a 52-week high of $39.78. The stock’s 50 day moving average price is $36.16 and its 200 day moving average price is $33.39.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.07. The business had revenue of $863.93 million during the quarter, compared to the consensus estimate of $854.70 million. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, sell-side analysts anticipate that Match Group will post 3.11 EPS for the current fiscal year.

Match Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. Match Group’s payout ratio is presently 30.53%.

Key Stories Impacting Match Group

Here are the key news stories impacting Match Group this week:

• Positive Sentiment: Wells Fargo raised its price target on Match Group to $41 from $38 while keeping an “equal weight” rating, signaling modest upside from current levels and reinforcing that analysts still see value in the shares.
• Positive Sentiment: Investor interest remains centered on Match Group’s core dating platforms, especially Hinge and Tinder, with a new article highlighting AI-led growth as a potential catalyst for user engagement and monetization.
• Neutral Sentiment: Match Group was also mentioned in a market roundup that said shares were falling alongside other names, which appears to reflect a broader trading move rather than company-specific news.
• Neutral Sentiment: Separately, analysts continue to view MTCH as a “Hold” overall, suggesting expectations are steady rather than strongly bullish or bearish.

Insider Activity at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the completion of the sale, the director owned 16,218 shares in the company, valued at $582,874.92. This represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On Match Group

Several institutional investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Match Group by 14.6% in the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock valued at $680,826,000 after acquiring an additional 2,461,025 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Match Group by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock valued at $385,590,000 after purchasing an additional 162,330 shares in the last quarter. Starboard Value LP increased its position in Match Group by 2.9% during the 4th quarter. Starboard Value LP now owns 11,395,379 shares of the technology company’s stock worth $367,957,000 after purchasing an additional 325,000 shares during the period. Invesco Ltd. raised its stake in shares of Match Group by 9.8% during the 4th quarter. Invesco Ltd. now owns 9,799,389 shares of the technology company’s stock worth $316,422,000 after buying an additional 872,524 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Match Group by 32.8% in the 4th quarter. AQR Capital Management LLC now owns 8,149,868 shares of the technology company’s stock valued at $261,692,000 after buying an additional 2,011,970 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

About Match Group

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.