Match Group Inc (NASDAQ:MTCH) shares traded -7.92% lower at $33.58 on Wall Street last session.
MTCH stock price is now 2.05% away from the 50-day moving average and -0.06% away from the 200-day moving average. The market capitalization of the company currently stands at $8.43B.
On December 18, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $40 to quote $33, while ‘Jefferies’ rates the stock as ‘Hold’
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 $0.42 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 $1.81 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 $38.84. According to the stock market information, the enterprise value for the company is $12143727616, which is based on a 16.61 price-to-earnings ratio, a 1.05 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for MTCH is $32.8409 and a two-hundred day moving average price translates $33.593376 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. For the current quarter, analysts expect MTCH to generate $827.66M in revenue.
