The price of Match Group Inc. (NASDAQ:MTCH) shares last traded on Wall Street fell -3.03% to $36.84.
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 $55.50. Given the previous closing price of $37.99, this indicates a potential upside of 46.09 percent. MTCH stock price is now -15.71% away from the 50-day moving average and -11.05% away from the 200-day moving average. The market capitalization of the company currently stands at $10.24B.
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Among analysts, 8 rate the stock a hold while 15 rate it a buy. Brokers who have rated the stock have averaged $56.14 as their price target over the next twelve months.
With the price target of $47.10, HSBC Securities recently initiated with Hold rating 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 Oct 02. The stock was sold for $19,500 at an average price of $39.00. Upon completion of the transaction, the Chief Bus. Affairs & Leg. Off. now directly owns 31,185 shares in the company, valued at $1.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500 shares of the business’s stock. A total of $23,690 was realized by selling the stock at an average price of $47.38. This leaves the insider owning 31,685 shares of the company worth $1.17 million. Insiders disposed of 164,086 shares of company stock worth roughly $6.04 million over the past 1 year. A total of 0.53% 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 $244,808,000. CONTOUR ASSET MANAGEMENT LLC invested $48,017,000 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 $40,199,000. BRONTE CAPITAL MANAGEMENT PTY LTD. acquired a new stake in MTCH for approximately $20,711,000. TIKVAH MANAGEMENT LLC purchased a new stake in MTCH valued at around $13,052,000 in the second quarter. In total, there are 909 active investors with 96.26% ownership of the company’s stock.
A candlestick chart of Match Group Inc. (NASDAQ: MTCH) showed a price of $38.23 on Thursday morning. During the past 12 months, Match Group Inc. has had a low of $30.73 and a high of $54.60. According to the stock market information, the enterprise value for the company is $13.66B, which is based on a 22.77 price-to-earnings ratio, a 0.76 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for MTCH is $43.54 and a two-hundred day moving average price translates $41.39 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 $881.1M 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.
