The stock of Match Group Inc. (NASDAQ:MTCH) increased by $0.4 on Monday to $44.19, up 0.91 percent. The last five days have seen an average of 3,081,328 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $2.85. The average number of shares traded over the last 20 days was 4,782,487, while the average volume over the last 50 days totaled 4,448,189.
MTCH stock dropped -3.09% since last month. On 08/08/23, the company’s shares reached a one-month low of $42.59. The stock touched a high of $63.47 on 01/31/23, after rallying from a low of $30.73 in 52 weeks. The price of MTCH stock has risen by 6.51% or $2.85 this year, reaching a new high 10 times. Still, the stock price is down -30.38% from the 52-week high.
Insider Transactions
MTCH stock investors should be aware that Match Group Inc. (MTCH) stock had its last reported insider trading activity 19 days ago on Aug 09. On Aug 09, Director MCDANIEL ANN sold 8,735 shares at $45.82 each. This transaction resulted in the insider making $400,256. On Aug 01, Sine Jared F. sold 500 shares at a price of US$45.66. After the transaction, the insider now owns 32,185 shares. Chief Bus. Affairs & Leg. Off. Sine Jared F. had earlier sold 500 shares on Jul 03 for $41.89 a share. The transaction was completed for $20,945.
Valuation Metrics
Match Group Inc. (MTCH) has a trailing price-to-earnings (P/E) ratio of 26.72. Beta for the stock is 1.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.90, and the price-to-cash flow ratio of 16.13.
Financial Health
For the three months ended June 30, Match Group Inc.’s quick ratio was 2.10, while its current ratio was 2.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 69.70% percent. Match Group Inc.’s EBITDA margin for the year ended June 30 was 29.00%, whereas its operating margin stood at 22.70% for the same period. Based on annual data, it had gross profit of $2.23 billion and revenue of $3.19 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MTCH’s return on assets (ROA) during the last 12 months has been 11.30%. There was a 14.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -120.00%.
Earnings Surprise
According to Match Group Inc.’s quarterly financial report for the quarter that ended June 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $829.55 million, while revenues rose by 4.22% to $787.12 million. It was predicted that Match Group Inc.’s quarterly earnings would be $0.48, but it ended up being $0.45, beating the consensus by 6.70%. EBITDA was $240.68 million for the quarter. At the end of Match Group Inc.’s most recent quarter ended June 30, its liabilities totaled 4.52 billion, while its total debt was $3.94 billion. Equity owned by shareholders amounts to $278.09 million.
Technical Picture
Here’s a quick look at Match Group Inc.’s (MTCH) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 45.72%, suggesting the stock is Neutral, with a 20.51% historical volatility rate.
The stochastic %K and %D were 41.42% and 50.29% respectively, while the average true range (ATR) was 1.47. Based on the 14-day stochastic reading of 37.42%, the RSI (14) reading is 48.17%. On the 9-day MACD Oscillator, the stock is at -0.32, and the 14-day reading is at -0.59.
Analyst Ratings
In its most recent analyst report, BTIG Research raised its rating on Match Group Inc. (NASDAQ: MTCH) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Match Group Inc. (MTCH) an Overweight rating. MTCH is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 14 others recommend it as a buy.
What is MTCH’s price target for the next 12 months?
The current consensus forecast for the stock is between $44.00 and $97.00, with a median target price of $58.00. In analyzing these forecasts, the average price target given by analysts for Match Group Inc. (MTCH) is $56.90.
