The stock of Match Group Inc. (NASDAQ:MTCH) last traded at $32.32, down -1.61% from the previous session.
Data from the available sources indicates that Match Group Inc. (NASDAQ:MTCH) is covered by 28 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $30.00, we find $40.00. Given the previous closing price of $32.85, this indicates a potential upside of 21.77 percent. MTCH stock price is now -5.77% away from the 50-day moving average and -16.66% away from the 200-day moving average. The market capitalization of the company currently stands at $8.78B.
In total, 9 analysts have assigned it a hold rating, and 16 have given it a buy rating. Brokers who have rated the stock have averaged $43.41 as their price target over the next twelve months.
With the price target of $52, BofA Securities recently initiated with Buy 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 Dec 01. The stock was sold for $16,160 at an average price of $32.32. Upon completion of the transaction, the Chief Bus. Affairs & Leg. Off. now directly owns 30,352 shares in the company, valued at $0.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 02, Director Schiffman Glenn bought 4,000 shares of the business’s stock. A total of $116,420 was incurred on buying the stock at an average price of $29.11. This leaves the insider owning 22,243 shares of the company worth $0.72 million. Insiders disposed of 135,649 shares of company stock worth roughly $4.38 million over the past 1 year. A total of 0.54% of the company’s stock is owned by insiders.
With an opening price of $32.54 on Tuesday morning, Match Group Inc. (NASDAQ: MTCH) set off the trading day. During the past 12 months, Match Group Inc. has had a low of $27.85 and a high of $54.60. According to the stock market information, the enterprise value for the company is $12.05B, which is based on a 18.38 price-to-earnings ratio, a 0.70 price-to-earnings-growth ratio, and a beta of 1.22. The fifty day moving average price for MTCH is $34.30 and a two-hundred day moving average price translates $38.78 for the stock.
The latest earnings results from Match Group Inc. (NASDAQ: MTCH) was released for Sep, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.57, beating analysts’ expectations of $0.54 by 0.03. This compares to $0.43 EPS in the same period last year. The company reported revenue of $881.6 million for the quarter, compared to $809.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.9 percent. For the current quarter, analysts expect MTCH to generate $862.83M 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.
