Match Group (NASDAQ:MTCH) Issues Earnings Results

Match Group (NASDAQ:MTCH) issued its earnings results on Tuesday. The technology company reported $0.62 earnings per share (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 3.0 %

Shares of NASDAQ:MTCH opened at $36.47 on Wednesday. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $38.84. The firm’s 50 day moving average price is $32.93 and its 200 day moving average price is $34.67. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Monday, January 6th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Monday, January 6th. Match Group’s dividend payout ratio is currently 33.93%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MTCH. Evercore ISI dropped their price objective on shares of Match Group from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, December 13th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $33.00 price target (down previously from $40.00) on shares of Match Group in a research note on Wednesday, December 18th. Loop Capital reduced their price target on shares of Match Group from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, December 12th. 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. Finally, Piper Sandler reissued an “overweight” rating and set a $40.00 target price on shares of Match Group in a research note on Thursday, December 12th. Fourteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.72.

Match Group announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 19% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Match Group

In other news, Director Stephen Bailey sold 801 shares of Match Group stock in a transaction on 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. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.