Key Points
- Match Group director Glenn Schiffman bought 3,000 shares at an average price of $36.63, investing approximately $109,890 and increasing his direct holdings by 5.62% to 56,370 shares.
- Match Group’s latest quarterly results beat EPS expectations, reporting $0.70 versus the $0.65 consensus, though revenue of $853.11 million fell short of estimates and declined 1.2% year over year.
- The company declared a quarterly dividend of $0.20 per share, equivalent to an annualized $0.80 payout and a 2.1% yield; analysts maintain a “Moderate Buy” consensus with a $41.54 target price.
Match Group Inc. (NASDAQ:MTCH - Get Free Report) Director Glenn Schiffman acquired 3,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $36.63 per share, for a total transaction of $109,890.00. Following the acquisition, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Match Group Price Performance
Shares of Match Group stock opened at $37.28 on Friday. The business has a 50-day moving average of $37.46 and a 200 day moving average of $34.58. Match Group Inc. has a 12 month low of $28.81 and a 12 month high of $41.40. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 13.17, a price-to-earnings-growth ratio of 0.54 and a beta of 1.30.
Match Group (NASDAQ:MTCH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.05. The company had revenue of $853.11 million for the quarter, compared to analyst estimates of $857.77 million. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 earnings per share. Equities research analysts anticipate that Match Group Inc. will post 3.31 earnings per share for the current year.
Match Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, October 5th. Match Group's dividend payout ratio is presently 28.27%.
Institutional Investors Weigh In On Match Group
A number of large investors have recently modified their holdings of MTCH. Principal Financial Group Inc. boosted its holdings in Match Group by 338.3% during the first quarter. Principal Financial Group Inc. now owns 1,143,744 shares of the technology company's stock worth $35,124,000 after buying an additional 882,821 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Match Group by 22.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 625,638 shares of the technology company's stock valued at $20,202,000 after purchasing an additional 115,852 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in Match Group by 97.2% in the 1st quarter. Deprince Race & Zollo Inc. now owns 1,549,147 shares of the technology company's stock worth $47,574,000 after purchasing an additional 763,764 shares in the last quarter. Bank of America Corp DE raised its holdings in Match Group by 11.8% during the 1st quarter. Bank of America Corp DE now owns 3,054,114 shares of the technology company's stock worth $93,792,000 after buying an additional 323,006 shares during the period. Finally, Swedbank AB increased its position in shares of Match Group by 22.3% in the fourth quarter. Swedbank AB now owns 816,800 shares of the technology company's stock worth $26,374,000 after acquiring an additional 148,700 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Match Group
Here are the key news stories impacting Match Group this week:
- Positive Sentiment: Zacks upgraded Match Group to a Rank #1 (Strong Buy), citing improving optimism around the company’s earnings prospects. The upgrade can increase buying interest from quantitative and growth-focused investors. Match Group Moves to Strong Buy: Rationale Behind the Upgrade
- Positive Sentiment: Director Glenn Schiffman purchased 3,000 Match Group shares for approximately $109,890, increasing his direct ownership by 5.62%. The open-market purchase may be viewed as a sign of management confidence in the company’s outlook. SEC Form 4 Insider Purchase
- Positive Sentiment: Match Group was also included in Zacks’ Strong Buy lists for growth, income and value stocks, reinforcing the recent favorable quantitative view of MTCH. Best Value Stocks to Buy
Analyst Ratings Changes
MTCH has been the subject of several research reports. Wall Street Zen downgraded shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. TD Cowen reduced their price objective on Match Group from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Wednesday, August 5th. Zacks Research upgraded Match Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Barclays boosted their target price on Match Group from $49.00 to $51.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 6th. Finally, Susquehanna reaffirmed a "positive" rating on shares of Match Group in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $41.54.
View Our Latest Analysis on MTCH
Match Group Company Profile
(
Get Free Report)
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.
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