Match Group Inc [MTCH] stock prices are down -0.82% to $32.59 at the moment. 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 0.25% 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.
The stock price of Match Group Inc [MTCH] has been fluctuating between $27.66 and $42.42 over the past year. Currently, Wall Street analysts expect the stock to reach $43.89 within the next 12 months. Match Group Inc [NASDAQ: MTCH] shares were valued at $32.59 at the most recent close of the market. An investor can expect a potential return of 34.67% based on the average MTCH price forecast.
Analyzing the MTCH fundamentals
The Match Group Inc [NASDAQ:MTCH] reported sales of 3.49B for trailing twelve months, representing a surge of 1.57%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 32.37 points at the first support level, and at 32.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.98, and for the 2nd resistance point, it is at 33.38.
Ratios To Look Out For
It’s worth pointing out that Match Group Inc [NASDAQ:MTCH]’s Current Ratio is 2.49. Further, the Quick Ratio stands at 2.49, while 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 14.54.
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.
