The price of Match Group Inc. (NASDAQ:MTCH) shares last traded on Wall Street rose 6.72% to $33.98.
Based on available information, 26 analysts follow Match Group Inc. (NASDAQ:MTCH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $95.00 and a low of $35.00, we find $50.00. Given the previous closing price of $31.84, this indicates a potential upside of 57.04 percent. MTCH stock price is now -3.97% away from the 50-day moving average and -25.34% away from the 200-day moving average. The market capitalization of the company currently stands at $9.52B.
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Among analysts, 7 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $52.00 as their price target over the next twelve months.
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In other news, Sine Jared F., Chief Bus. Affairs & Leg. Off. sold 7,110 shares of the company’s stock on Mar 02. The stock was sold for $293,444 at an average price of $41.27. Upon completion of the transaction, the Chief Bus. Affairs & Leg. Off. now directly owns 60,379 shares in the company, valued at $2.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, Director Murdoch Wendi sold 500 shares of the business’s stock. A total of $20,898 was realized by selling the stock at an average price of $41.80. This leaves the insider owning 2,478 shares of the company worth $84202.44. Insiders disposed of 143,692 shares of company stock worth roughly $4.88 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MTCH stock. A new stake in Match Group Inc. shares was purchased by EAGLE ASSET MANAGEMENT INC during the first quarter worth $55,463,000. PARSIFAL CAPITAL MANAGEMENT, LP invested $31,440,000 in shares of MTCH during the first quarter. In the first quarter, 1832 ASSET MANAGEMENT L.P. acquired a new stake in Match Group Inc. valued at approximately $20,008,000. APPALOOSA LP acquired a new stake in MTCH for approximately $17,840,000. NATIXIS purchased a new stake in MTCH valued at around $17,166,000 in the second quarter. In total, there are 932 active investors with 97.60% ownership of the company’s stock.
A candlestick chart of Match Group Inc. (NASDAQ: MTCH) showed a price of $32.00 on Monday morning. During the past 12 months, Match Group Inc. has had a low of $30.73 and a high of $87.46. According to the stock market information, the enterprise value for the company is $12.30B, which is based on a 32.77 price-to-earnings ratio, a 0.84 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for MTCH is $35.35 and a two-hundred day moving average price translates $45.35 for the stock.
The latest earnings results from Match Group Inc. (NASDAQ: MTCH) was released for Mar, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.42, beating analysts’ expectations of $0.41 by 0.01. This compares to $0.59 EPS in the same period last year. The net profit margin was 9.50% and return on equity was -65.50% for MTCH. The company reported revenue of $787.12 million for the quarter, compared to $798.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.44 percent. For the current quarter, analysts expect MTCH to generate $810.31M in revenue.
Match Group Inc.(MTCH) Company Profile
Match Group, Inc. provides dating products worldwide. The company’s portfolio of brands includes Tinder, Match, The League, Azar, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and Hakuna, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
