Match Group Inc. [MTCH] stock is trading at $37.45, down -0.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MTCH shares have gain 1.22% over the last week, with a monthly amount glided 1.66%, 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 August 05, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $43.20 for it. Previously, Wolfe Research started tracking the stock with Outperform rating on July 16, 2024, and set its price target to $36. On July 15, 2024, Citigroup reiterated its Neutral rating and revised its price target to $33 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $37 on April 18, 2024. Raymond James initiated its recommendation with a Mkt Perform. Wells Fargo started tracking with a Equal Weight rating for this stock on December 07, 2023, and assigned it a price target of $32. In a note dated October 19, 2023, BofA Securities initiated an Buy rating and provided a target price of $52 on this stock.
Match Group Inc. [MTCH] stock has fluctuated between $27.66 and $42.42 over the past year. Currently, Wall Street analysts expect the stock to reach $75.33 within the next 12 months. Match Group Inc. [NASDAQ: MTCH] shares were valued at $37.45 at the most recent close of the market. An investor can expect a potential return of 101.15% based on the average MTCH price forecast.
Analyzing the MTCH fundamentals
Match Group Inc. [NASDAQ:MTCH] reported sales of 3.47B for the trailing twelve months, which represents a growth of 4.16%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 37.10 points at the first support level, and at 36.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.74, and for the 2nd resistance point, it is at 38.03.
Ratios To Look Out For
For context, Match Group Inc.’s Current Ratio is 2.51. In addition, the Quick Ratio stands at 2.51 and the Cash Ratio stands at 1.64. Considering the valuation of this stock, the price to sales ratio is 2.78 and price to earnings (TTM) ratio is 16.25.
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.
