In yesterday’s Wall Street session, Match Group Inc. (NASDAQ:MTCH) shares traded at $33.55, up 0.69% from the previous session.
MTCH stock price is now -7.51% away from the 50-day moving average and -12.91% away from the 200-day moving average. The market capitalization of the company currently stands at $8.99B.
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With the price target of $32, Wells Fargo recently initiated with Equal Weight rating for Match Group Inc. (NASDAQ: MTCH). On October 19, 2023, BofA Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $52, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Sine Jared F., Chief Bus. Affairs & Leg. Off. sold 500 shares of the company’s stock on Mar 01 ’24. The stock was sold for $18,025 at an average price of $36.05. Upon completion of the transaction, the Chief Bus. Affairs & Leg. Off. now directly owns 54,009 shares in the company, valued at $1.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01 ’24, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500 shares of the business’s stock. A total of $19,380 was realized by selling the stock at an average price of $38.76. This leaves the insider owning 29,352 shares of the company worth $0.98 million. A total of 0.59% of the company’s stock is owned by insiders.
During the past 12 months, Match Group Inc. has had a low of $27.85 and a high of $49.24. According to the stock market information, the enterprise value for the company is $11.97B, which is based on a 14.76 price-to-earnings ratio, a 0.56 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for MTCH is $36.23 and a two-hundred day moving average price translates $38.52 for the stock.
The latest earnings results from Match Group Inc. (NASDAQ: MTCH) was released for Dec, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.81, beating analysts’ expectations of $0.49 by 0.32. This compares to $0.35 EPS in the same period last year. The company reported revenue of $866.23 million for the quarter, compared to $786.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.19 percent. For the current quarter, analysts expect MTCH to generate $855.97M in revenue.
