Match Group (NASDAQ:MTCH) Issues Quarterly Earnings Results

Match Group (NASDAQ:MTCH) released its quarterly earnings data 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 net margin of 17.86% and a negative return on equity of 721.15%. Match Group updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Match Group Stock Up 1.7 %

Shares of NASDAQ MTCH opened at $34.15 on Thursday. Match Group has a 52 week low of $27.66 and a 52 week high of $38.84. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.10 and a beta of 1.45. The firm’s fifty day moving average is $32.95 and its 200 day moving average is $34.66.

Match Group Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Stephen Bailey sold 801 shares of Match Group 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 sale, the director now owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. The trade was a 6.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

MTCH has been the topic of several recent research reports. Barclays dropped their target price on Match Group from $53.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group lowered their price target on shares of Match Group from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Thursday, December 12th. Piper Sandler reissued an “overweight” rating and issued a $40.00 price target on shares of Match Group in a report on Thursday, December 12th. Loop Capital lowered their price objective on Match Group from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, December 12th. Finally, Evercore ISI downgraded shares of Match Group from an “outperform” rating to an “inline” rating and set a $35.00 target price on the stock. in a research note on Thursday. Fourteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.68.

Match Group declared that its Board of Directors has approved a stock repurchase 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 usually an indication that the company’s leadership believes its shares are undervalued.

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.