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

Match Group, Inc. (NASDAQ:MTCH) declared a quarterly dividend on Wednesday, December 11th,RTT News reports. Investors 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 annualized dividend and a dividend yield of 2.42%.

Match Group Stock Performance

Shares of MTCH stock traded down $1.68 on Wednesday, hitting $31.37. 2,228,830 shares of the company’s stock traded hands, compared to its average volume of 5,155,076. Match Group has a one year low of $27.66 and a one year high of $42.42. The company’s fifty day simple moving average is $34.81 and its 200 day simple moving average is $34.13. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 0.91 and a beta of 1.47.

Insider Activity at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the firm’s 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 in the company, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MTCH. KeyCorp dropped their price target on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Bank of America reissued a “neutral” rating and set a $35.00 price target (down previously from $50.00) on shares of Match Group in a research report on Thursday, November 7th. Barclays dropped their price target on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price target on shares of Match Group in a research report on Monday. Finally, Morgan Stanley dropped their price target on shares of Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.73.

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.