Match Group (NASDAQ:MTCH - Get Free Report) is anticipated to release its earnings results before the market opens on Tuesday, February 4th. Analysts expect Match Group to post earnings of $0.54 per share and revenue of $858,095.00 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Match Group Trading Up 1.1 %
NASDAQ:MTCH traded up $0.38 during trading hours on Tuesday, reaching $35.37. 1,466,953 shares of the company were exchanged, compared to its average volume of 3,605,573. The firm has a market cap of $8.88 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.00 and a beta of 1.45. Match Group has a twelve month low of $27.66 and a twelve month high of $39.91. The stock's 50-day moving average is $32.44 and its 200-day moving average is $34.60.
Match Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Monday, January 6th were issued a $0.19 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $0.76 dividend on an annualized basis and a yield of 2.15%. Match Group's payout ratio is currently 33.93%.
Match Group declared that its board has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to buy up to 19% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on MTCH shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $35.00 price objective on shares of Match Group in a report on Monday, December 9th. Bank of America upped their price target on Match Group from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Jefferies Financial Group reissued a "hold" rating and issued a $32.00 target price (down from $40.00) on shares of Match Group in a report on Tuesday, December 17th. Morgan Stanley raised their price target on Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Finally, KeyCorp cut their target price on Match Group from $45.00 to $43.00 and set an "overweight" rating for the company in a research note on Tuesday, November 12th. Fourteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.72.
View Our Latest Stock Report on Match Group
Insider Buying and Selling at Match Group
In related news, Director Stephen Bailey sold 801 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the sale, the director now owns 12,398 shares of the company's stock, valued at $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.77% of the company's stock.
Match Group Company Profile
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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.
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