A share price of Match Group Inc. [MTCH] is currently trading at $33.81, up 1.02%. 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 0.27% over the last week, with a monthly amount glided 0.81%, and seem to be holding up well over a long-time horizon.
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On 10, April 2024, Match Group to Webcast Q1 2024 Earnings Conference Call. In a post published today on Yahoo Finance, Match Group (NASDAQ: MTCH) will webcast a conference call to review its first quarter 2024 financial results on Wednesday, May 8, 2024, at 8:30 a.m. Eastern Time (ET). After the close of market trading on Tuesday, May 7, Match Group will publish its first quarter results along with supplemental investor materials, which may include certain forward-looking information, at https://ir.mtch.com.
From an analyst’s perspective:
Previously, Wells Fargo started tracking the stock with Equal Weight rating on December 07, 2023, and set its price target to $32. On October 19, 2023, BofA Securities initiated with a Buy rating and assigned a price target of $52 on the stock. HSBC Securities initiated its recommendation with a Hold and recommended $47.10 as its price target on September 26, 2023. BTIG Research upgraded its rating to Buy for this stock on August 02, 2023, but kept the price target unchanged to $60. In a note dated June 21, 2023, Wolfe Research downgraded an Peer Perform rating on this stock.
Match Group Inc. experienced fluctuations in its stock price throughout the past year between $27.85 and $49.24. Currently, Wall Street analysts expect the stock to reach $89.48 within the next 12 months. Match Group Inc. [NASDAQ: MTCH] shares were valued at $33.81 at the most recent close of the market. An investor can expect a potential return of 164.66% based on the average MTCH price forecast.
Analyzing the MTCH fundamentals
Trailing Twelve Months sales for Match Group Inc. [NASDAQ:MTCH] were 3.36B which represents 10.19% growth. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is -3.13 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -197.39.
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 33.33 points at the first support level, and at 32.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.14, and for the 2nd resistance point, it is at 34.48.
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
To put it in perspective, the Current Ratio for Match Group Inc. [NASDAQ:MTCH] is 2.39. Further, the Quick Ratio stands at 2.39, while the Cash Ratio is 1.62. Considering the valuation of this stock, the price to sales ratio is 2.69 and price to earnings (TTM) ratio is 14.87.
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.
