Match Group (MTCH) Projected to Post Earnings on Tuesday

Match Group (NASDAQ:MTCH - Get Free Report) is anticipated to release its earnings data after the market closes on Tuesday, February 4th. Analysts expect Match Group to post earnings of $0.84 per share and revenue of $857.93 million for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Match Group Stock Up 1.4 %

Shares of Match Group stock traded up $0.49 during trading on Friday, reaching $35.70. The company's stock had a trading volume of 4,195,792 shares, compared to its average volume of 3,326,978. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.08 and a beta of 1.45. Match Group has a 1-year low of $27.66 and a 1-year high of $39.91. The company has a 50-day simple moving average of $32.80 and a two-hundred day simple moving average of $34.66.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, January 6th were given a $0.19 dividend. The ex-dividend date was Monday, January 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.13%. Match Group's payout ratio is 33.93%.

Match Group announced that its board has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to buy up to 19% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Match Group news, Director Stephen Bailey sold 801 shares of the business's stock in a transaction that occurred 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 directly owns 12,398 shares in the company, valued at approximately $391,900.78. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MTCH has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, December 12th. UBS Group lowered their price objective on Match Group from $38.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, December 12th. Piper Sandler restated an "overweight" rating and issued a $40.00 target price on shares of Match Group in a research note on Thursday, December 12th. StockNews.com lowered Match Group from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Bank of America raised their target price on Match Group from $35.00 to $36.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Fourteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.72.

Match Group Company Profile

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.