A share price of Match Group Inc. [MTCH] is currently trading at $36.67, down -2.40%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTCH shares have gain 10.29% over the last week, with a monthly amount glided 24.22%, and 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 July 16, 2024, when Wolfe Research initiated its Outperform rating and assigned the stock a price target of $36. Previously, Citigroup reaffirmed its Neutral rating on July 15, 2024, and dropped its price target to $33. On April 18, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $37 on the stock. Raymond James started tracking the stock assigning a Mkt Perform rating. Wells Fargo initiated its recommendation with a Equal Weight and recommended $32 as its price target on December 07, 2023. BofA Securities started tracking with a Buy rating for this stock on October 19, 2023, and assigned it a price target of $52.
Match Group Inc. experienced fluctuations in its stock price throughout the past year between $27.66 and $49.24. Currently, Wall Street analysts expect the stock to reach $76.86 within the next 12 months. Match Group Inc. [NASDAQ: MTCH] shares were valued at $36.67 at the most recent close of the market. An investor can expect a potential return of 109.6% based on the average MTCH price forecast.
Analyzing the MTCH fundamentals
Trailing Twelve Months sales for Match Group Inc. [NASDAQ:MTCH] were 3.47B which represents 4.16% growth. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is -4.67 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-29.73.
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 36.13 points at the first support level, and at 35.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.26, and for the 2nd resistance point, it is at 37.86.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Match Group Inc. [NASDAQ:MTCH] is 2.51. On the other hand, the Quick Ratio is 2.51, and the Cash Ratio is 1.64. Considering the valuation of this stock, the price to sales ratio is 2.72 and price to earnings (TTM) ratio is 15.91.
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.
