The price of Match Group Inc. (NASDAQ:MTCH) shares last traded on Wall Street fell -5.05% to $43.83.
Based on available information, 25 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 $97.00 and a low of $44.00, we find $56.00. Given the previous closing price of $46.16, this indicates a potential upside of 21.32 percent. MTCH stock price is now 3.79% away from the 50-day moving average and 4.59% away from the 200-day moving average. The market capitalization of the company currently stands at $12.85B.
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Among analysts, 7 rate the stock a hold while 16 rate it a buy. Brokers who have rated the stock have averaged $56.86 as their price target over the next twelve months.
With the price target maintained at $60, BTIG Research recently Upgraded its rating from Neutral to Buy for Match Group Inc. (NASDAQ: MTCH).
In other news, Sine Jared F., Chief Bus. Affairs & Leg. Off. sold 500 shares of the company’s stock on Aug 01. The stock was sold for $22,830 at an average price of $45.66. Upon completion of the transaction, the Chief Bus. Affairs & Leg. Off. now directly owns 32,185 shares in the company, valued at $1.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500 shares of the business’s stock. A total of $20,945 was realized by selling the stock at an average price of $41.89. This leaves the insider owning 32,685 shares of the company worth $1.43 million. Insiders disposed of 192,926 shares of company stock worth roughly $8.46 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 $71,540,000. EMPOWER ADVISORY GROUP, LLC invested $56,442,000 in shares of MTCH during the first quarter. In the first quarter, PARSIFAL CAPITAL MANAGEMENT, LP acquired a new stake in Match Group Inc. valued at approximately $40,553,000. 1832 ASSET MANAGEMENT L.P. acquired a new stake in MTCH for approximately $25,808,000. APPALOOSA LP purchased a new stake in MTCH valued at around $23,011,000 in the second quarter.
A candlestick chart of Match Group Inc. (NASDAQ: MTCH) showed a price of $46.48 on Friday morning. During the past 12 months, Match Group Inc. has had a low of $30.73 and a high of $71.71. According to the stock market information, the enterprise value for the company is $16.11B, which is based on a 42.27 price-to-earnings ratio, a 1.15 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for MTCH is $42.41 and a two-hundred day moving average price translates $41.90 for the stock.
The latest earnings results from Match Group Inc. (NASDAQ: MTCH) was released for Jun, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.45 by 0.03. This compares to -$0.11 EPS in the same period last year. The company reported revenue of $829.55 million for the quarter, compared to $794.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.41 percent. For the current quarter, analysts expect MTCH to generate $875.94M in revenue.
