Match Group (NASDAQ:MTCH) Issues Quarterly Earnings Results

Match Group (NASDAQ:MTCH) released its earnings results on Tuesday. The technology company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.22), Zacks reports. Match Group had a negative return on equity of 721.15% and a net margin of 17.86%. Match Group updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Match Group Trading Up 1.7 %

Shares of MTCH stock opened at $34.15 on Thursday. Match Group has a 12-month low of $27.66 and a 12-month high of $38.84. The stock’s 50-day moving average price is $32.95 and its 200-day moving average price is $34.66. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be issued a $0.19 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.23%. Match Group’s dividend payout ratio (DPR) is 33.93%.

Insider Activity at Match Group

In other news, Director Stephen Bailey sold 801 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total value of $25,319.61. Following the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.77% of the stock is owned by insiders.

Match Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the technology company to repurchase up to 19% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MTCH shares. Evercore ISI downgraded Match Group from an “outperform” rating to an “inline” rating and set a $35.00 price target on the stock. in a report on Thursday. Wells Fargo & Company lowered their price objective on shares of Match Group from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 12th. Bank of America increased their price objective on shares of Match Group from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. New Street Research downgraded shares of Match Group from a “buy” rating to a “neutral” rating in a research report on Monday, December 16th. Finally, Stifel Nicolaus lowered their target price on Match Group from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Thursday, December 12th. Fourteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.68.

About Match Group

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.