Match Group, Inc. Announces Quarterly Dividend of $0.19 (NASDAQ:MTCH)

Match Group, Inc. (NASDAQ:MTCH) announced a quarterly dividend on Wednesday, December 11th,RTT News reports. Shareholders of record on Monday, January 6th will be given a dividend of 0.19 per share by the technology company on Tuesday, January 21st. This represents a $0.76 dividend on an annualized basis and a yield of 2.42%.

Match Group Stock Performance

Shares of MTCH stock traded down $1.68 during trading hours on Wednesday, reaching $31.37. The company had a trading volume of 2,228,830 shares, compared to its average volume of 5,155,076. The business has a fifty day moving average price of $34.81 and a 200-day moving average price of $34.13. Match Group has a one year low of $27.66 and a one year high of $42.42. The firm has a market cap of $7.88 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Match Group from $43.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Susquehanna reduced their price target on shares of Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Bank of America restated a “neutral” rating and issued a $35.00 price target (down previously from $50.00) on shares of Match Group in a research report on Thursday, November 7th. Wells Fargo & Company reduced their price target on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. Finally, StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Match Group has an average rating of “Moderate Buy” and an average target price of $40.73.

Insider Buying and Selling at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the stock in a transaction dated Friday, November 22nd. The shares were 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 of the company’s stock, valued at approximately $391,900.78. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.77% of the company’s stock.

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.