Match Group Inc. (NASDAQ:MTCH) shares traded 1.45% higher at $46.87 on Wall Street last session.
In accordance with the data, 23 analysts cover 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 $58.00. Given the previous closing price of $46.20, this indicates a potential upside of 25.54 percent. MTCH stock price is now 5.34% away from the 50-day moving average and 11.69% away from the 200-day moving average. The market capitalization of the company currently stands at $13.28B.
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It has been rated a hold by 7 analysts and a buy by 14. Brokers who have rated the stock have averaged $56.90 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, MCDANIEL ANN, Director sold 8,735 shares of the company’s stock on Aug 09. The stock was sold for $400,256 at an average price of $45.82. Upon completion of the transaction, the Director now directly owns 12,516 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500 shares of the business’s stock. A total of $22,830 was realized by selling the stock at an average price of $45.66. This leaves the insider owning 32,185 shares of the company worth $1.51 million. Insiders disposed of 157,281 shares of company stock worth roughly $7.37 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 NOMURA HOLDINGS INC during the first quarter worth $311,459,000. CONTOUR ASSET MANAGEMENT LLC invested $61,090,000 in shares of MTCH during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in Match Group Inc. valued at approximately $51,144,000. BRONTE CAPITAL MANAGEMENT PTY LTD. acquired a new stake in MTCH for approximately $26,350,000. TIKVAH MANAGEMENT LLC purchased a new stake in MTCH valued at around $16,606,000 in the second quarter. In total, there are 909 active investors with 97.60% ownership of the company’s stock.
Match Group Inc. (NASDAQ: MTCH) opened at $46.40 on Thursday. During the past 12 months, Match Group Inc. has had a low of $30.73 and a high of $63.47. According to the stock market information, the enterprise value for the company is $15.95B, which is based on a 28.34 price-to-earnings ratio, a 0.95 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for MTCH is $44.49 and a two-hundred day moving average price translates $41.96 for the stock.
The latest earnings results from Match Group Inc. (NASDAQ: MTCH) was released for Jun, 2023. The net profit margin was 14.70% and return on equity was -120.00% for MTCH. 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.
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.
