At the time of writing, Match Group Inc. [MTCH] stock is trading at $38.03, up 0.54%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MTCH shares have gain 4.05% over the last week, with a monthly amount glided 4.88%, 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.
For the past year, the stock price of Match Group Inc. fluctuated between $27.66 and $42.42. Currently, Wall Street analysts expect the stock to reach $75.37 within the next 12 months. Match Group Inc. [NASDAQ: MTCH] shares were valued at $38.03 at the most recent close of the market. An investor can expect a potential return of 98.19% based on the average MTCH price forecast.
Analyzing the MTCH fundamentals
According to Match Group Inc. [NASDAQ:MTCH], the company’s sales were 3.47B for trailing twelve months, which represents an 4.16% jump. 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 37.55 points at the first support level, and at 37.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.39, and for the 2nd resistance point, it is at 38.74.
Ratios To Look Out For
It is important to note that Match Group Inc. [NASDAQ:MTCH] has a current ratio of 2.51. Also, the Quick Ratio is 2.51, while the Cash Ratio stands at 1.64. Considering the valuation of this stock, the price to sales ratio is 2.83 and price to earnings (TTM) ratio is 16.50.
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.
