Match Group Inc. [MTCH] stock prices are up 0.17% to $35.75 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MTCH shares have gain 6.56% over the last week, with a monthly amount drifted -1.02%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Match Group Inc. [NASDAQ: MTCH] stock has seen the most recent analyst activity on December 07, 2023, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $32. Previously, BofA Securities started tracking the stock with Buy rating on October 19, 2023, and set its price target to $52. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $47.10 on September 26, 2023. BTIG Research upgraded its rating to a Buy but $60 remained the price target by the analyst firm on August 02, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on June 21, 2023. In a note dated April 11, 2023, Robert W. Baird initiated an Outperform rating and provided a target price of $50 on this stock.
The stock price of Match Group Inc. [MTCH] has been fluctuating between $27.85 and $49.24 over the past year. Currently, Wall Street analysts expect the stock to reach $91.14 within the next 12 months. Match Group Inc. [NASDAQ: MTCH] shares were valued at $35.75 at the most recent close of the market. An investor can expect a potential return of 154.94% based on the average MTCH price forecast.
Analyzing the MTCH fundamentals
The Match Group Inc. [NASDAQ:MTCH] reported sales of 3.36B for trailing twelve months, representing a surge of 10.19%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is -1.73 and Total Capital is 0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-12.86.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.51 points at the first support level, and at 35.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.13, and for the 2nd resistance point, it is at 36.52.
Match Group Inc. [MTCH] reported earnings per share of $0.81 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.49/share, meaning a difference of $0.32 and a surprise factor of 65.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.57 per share as compared to estimates of $0.54 per share, a difference of $0.03 representing a surprise of 5.60%.
Ratios To Look Out For
It’s worth pointing out that Match Group Inc. [NASDAQ:MTCH]’s Current Ratio is 2.39. Further, the Quick Ratio stands at 2.39, while the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 2.85 and price to earnings (TTM) ratio is 15.73.
Transactions by insiders
Recent insider trading involved Sine Jared F., Chief Bus. Affairs & Leg. Off., that happened on Mar 01 ’24 when 500.0 shares were sold. Chief Bus. Affairs & Leg. Off., Sine Jared F. completed a deal on Feb 01 ’24 to sell 500.0 shares. Meanwhile, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500.0 shares on Jan 02 ’24.
