At the time of writing, Match Group Inc [MTCH] stock is trading at $32.66, up 0.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTCH shares have gain 7.82% over the last week, with a monthly amount drifted -11.78%, 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 November 07, 2024, when BofA Securities downgraded its rating to a Neutral. Previously, HSBC Securities upgraded its rating to Buy on August 05, 2024, and kept the price target unchanged to $43.20. On July 16, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $36 on the stock. Citigroup reiterated its Neutral rating and decreased its price target to $33 on July 15, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $37 on April 18, 2024. In a note dated December 07, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $32 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 $74.74 within the next 12 months. Match Group Inc [NASDAQ: MTCH] shares were valued at $32.66 at the most recent close of the market. An investor can expect a potential return of 128.84% based on the average MTCH price forecast.
Analyzing the MTCH fundamentals
According to Match Group Inc [NASDAQ:MTCH], the company’s sales were 3.49B for trailing twelve months, which represents an 1.57% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is -7.2 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-43.46.
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 32.03 points at the first support level, and at 31.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.04, and for the 2nd resistance point, it is at 33.41.
Ratios To Look Out For
It is important to note that Match Group Inc [NASDAQ:MTCH] has a current ratio of 2.49. On the other hand, the Quick Ratio is 2.49, and the Cash Ratio is 1.61. Considering the valuation of this stock, the price to sales ratio is 2.35 and price to earnings (TTM) ratio is 14.57.
Transactions by insiders
Recent insider trading involved Bailey Stephen, Director, that happened on Nov 22 ’24 when 801.0 shares were sold. Chief Bus. Affairs & Leg. Off., Sine Jared F. completed a deal on Mar 01 ’24 to sell 500.0 shares. Meanwhile, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500.0 shares on Feb 01 ’24.
