Match Group Inc. (NASDAQ:MTCH) shares traded 0.59% higher at $35.88 on Wall Street last session.
MTCH stock price is now -0.20% away from the 50-day moving average and -6.61% away from the 200-day moving average. The market capitalization of the company currently stands at $9.62B.
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 $1.94 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 $1.05 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 $12.60B, which is based on a 15.79 price-to-earnings ratio, a 0.60 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for MTCH is $35.93 and a two-hundred day moving average price translates $38.39 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.
Match Group Inc.(MTCH) Company Profile
Match Group, Inc. engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users’ likelihood of connecting with others. Its services are available in over 40 languages to users worldwide. The company was incorporated in 1986 and is based in Dallas, Texas.
