The stock of Match Group Inc (NASDAQ:MTCH) last traded at $31.64, up 1.80% from the previous session.
MTCH stock price is now -6.91% away from the 50-day moving average and -6.23% away from the 200-day moving average. The market capitalization of the company currently stands at $7.94B.
With the price target reduced from $40 to $33, JP Morgan Downgraded its rating from Overweight to Neutral for Match Group Inc (NASDAQ: MTCH). On December 17, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $40 to quote $32, while ‘New Street’ rates the stock as ‘Neutral’
In other news, Bailey Stephen, Director sold 801 shares of the company’s stock on Nov 22 ’24. The stock was sold for $25,320 at an average price of $31.61. Upon completion of the transaction, the Director now directly owns 12,398 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500 shares of the business’s stock. A total of $18,025 was realized by selling the stock at an average price of $36.05. This leaves the insider owning 54,009 shares of the company worth $1.71 million. A total of 0.65% of the company’s stock is owned by insiders.
During the past 12 months, Match Group Inc has had a low of $27.66 and a high of $42.42. According to the stock market information, the enterprise value for the company is $10790346752, which is based on a 14.11 price-to-earnings ratio, a 0.88 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for MTCH is $33.9876 and a two-hundred day moving average price translates $33.741375 for the stock.
The latest earnings results from Match Group Inc (NASDAQ: MTCH) was released for 2024-09-30. The company reported revenue of $895.48 million for the quarter, compared to $881.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.57 percent.
