Match Group (MTCH) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Match Group (NASDAQ: MTCH) recently:

• 12/18/2024 – Match Group had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $33.00 price target on the stock, down previously from $40.00.
• 12/17/2024 – Match Group had its “hold” rating reaffirmed by analysts at Jefferies Financial Group Inc.. They now have a $32.00 price target on the stock, down previously from $40.00.
• 12/16/2024 – Match Group was downgraded by analysts at New Street Research from a “buy” rating to a “neutral” rating.
• 12/13/2024 – Match Group had its price target lowered by analysts at Evercore ISI from $37.00 to $35.00. They now have an “outperform” rating on the stock.
• 12/12/2024 – Match Group had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $40.00 price target on the stock.
• 12/12/2024 – Match Group had its price target lowered by analysts at UBS Group AG from $38.00 to $34.00. They now have a “neutral” rating on the stock.
• 12/12/2024 – Match Group had its price target raised by analysts at Bank of America Co. from $35.00 to $36.00. They now have a “neutral” rating on the stock.
• 12/12/2024 – Match Group had its price target lowered by analysts at Loop Capital from $35.00 to $30.00. They now have a “hold” rating on the stock.
• 12/12/2024 – Match Group had its price target lowered by analysts at Truist Financial Co. from $35.00 to $34.00. They now have a “hold” rating on the stock.
• 12/12/2024 – Match Group had its price target lowered by analysts at Stifel Nicolaus from $39.00 to $36.00. They now have a “hold” rating on the stock.
• 12/12/2024 – Match Group had its price target lowered by analysts at Wells Fargo & Company from $33.00 to $32.00. They now have an “equal weight” rating on the stock.
• 12/12/2024 – Match Group had its price target lowered by analysts at Morgan Stanley from $33.00 to $31.00. They now have an “equal weight” rating on the stock.
• 12/9/2024 – Match Group had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $35.00 price target on the stock.
• 11/15/2024 – Match Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/12/2024 – Match Group had its price target lowered by analysts at KeyCorp from $45.00 to $43.00. They now have an “overweight” rating on the stock.
• 11/12/2024 – Match Group had its price target lowered by analysts at Morgan Stanley from $36.00 to $33.00. They now have an “equal weight” rating on the stock.
• 11/8/2024 – Match Group had its price target lowered by analysts at Susquehanna from $45.00 to $40.00. They now have a “positive” rating on the stock.
• 11/8/2024 – Match Group had its price target lowered by analysts at Barclays PLC from $55.00 to $53.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Match Group had its price target lowered by analysts at Royal Bank of Canada from $47.00 to $35.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Match Group had its price target lowered by analysts at UBS Group AG from $43.00 to $38.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Match Group had its price target lowered by analysts at Truist Financial Co. from $37.00 to $35.00. They now have a “hold” rating on the stock.
• 11/7/2024 – Match Group had its “neutral” rating reaffirmed by analysts at Bank of America Co.. They now have a $35.00 price target on the stock, down previously from $50.00.
• 11/7/2024 – Match Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Match Group Price Performance

Match Group stock opened at $33.43 on Friday. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The business’s fifty day moving average is $33.44 and its 200 day moving average is $34.23. The stock has a market capitalization of $8.39 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.47.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, January 6th will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, January 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.27%. Match Group’s payout ratio is 33.93%.

Insider Activity at Match Group

In related news, Director Stephen Bailey sold 801 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the completion of the sale, the director now owns 12,398 shares in the company, valued at approximately $391,900.78. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is owned by insiders.

Institutional Investors Weigh In On Match Group

A number of large investors have recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in shares of Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after buying an additional 605 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Match Group during the 3rd quarter worth $31,000. Quarry LP grew its position in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after acquiring an additional 461 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in shares of Match Group in the 3rd quarter worth $57,000. Finally, International Assets Investment Management LLC bought a new position in Match Group in the 2nd quarter worth $61,000. 94.05% of the stock is currently owned by institutional investors.

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.