Match Group Inc. (NASDAQ:MTCH) finished Thursday with a subtraction of -$0.5 to close at $39.48, a downside of -1.25 percent. An average of 3,648,800 shares of common stock have been traded in the last five days. There was a fall of -$1.55 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,979,205 shares traded, while the 50-day average volume stands at 4,241,546.
MTCH stock has decreased by -11.86% in the last month. The company shares reached their 1-month lowest point of $39.02 on 09/28/23. With the stock rallying to its 52-week high on 01/31/23, shares of the company touched a low of $30.73 and a high of $54.60 in 52 weeks. It has reached a new high 10 times so far this year and lost -4.84% or -$2.01 in price. In spite of this, the price is down -27.69% from the 52-week high.
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Insider Transactions
MTCH stock investors should be aware that Match Group Inc. (MTCH) stock had its last reported insider trading activity 28 days ago on Sep 01. In this transaction, the insider spent $23,690. Director, MCDANIEL ANN, disposed of 8,735 shares at a price of $45.82 on Aug 09. The insider now owns more than $400,256 worth of shares. Prior to that, Chief Bus. Affairs & Leg. Off. Sine Jared F. went on to Sale 500 shares at $45.66 each on Aug 01. An amount of $22,830 was transacted.
Valuation Metrics
Match Group Inc. (MTCH) has a trailing price-to-earnings (P/E) ratio of 24.40. The stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.42, and the price-to-cash flow ratio at 14.14.
Financial Health
The quick ratio of Match Group Inc. for the three months ended June 29 was 2.11, and the current ratio was 2.11, indicating that the company is able to meet its debt obligations. Match Group Inc.’s EBITDA margin for the year ending June 29 is 29.00%, while its operating margin for the same period stands at 22.74%. Its gross profit as reported stood at $2.23 billion compared to revenue of $3.19 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Match Group Inc.’s return on assets was 11.10%.
Earnings Surprise
For the three-month period that ended June 29, Match Group Inc. had $3.84 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $137.35 million in the quarter, while revenues were grew 123.2%. The analyst consensus anticipated Match Group Inc.’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.48, a 6.70% surprise. For the quarter, EBITDA amounted to $240.68 million. Shareholders own equity worth $278.09 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Match Group Inc. (MTCH) price momentum. RSI 9-day as of the close on 28 September was 22.70%, suggesting the stock is oversold, with historical volatility in this time frame at 28.80%.
As of today, MTCH’s price is $40.63 -3.78% or -$1.55 from its 5-day moving average. MTCH is currently trading -14.55% lower than its 20-day SMA and +18.84% higher than its 100-day SMA. However, the stock’s current price level is -16.94% below the SMA50 and -9.41% below the SMA200.
The stochastic %K and %D were 5.95% and 7.54%, respectively, and the average true range (ATR) was 1.22. With the 14-day stochastic at 7.86% and the average true range at 1.30, the RSI (14) stands at 29.34%. The stock has reached -1.10 on the 9-day MACD Oscillator while the 14-day reading was at -1.91.
Analyst Ratings
HSBC Securities launched coverage on Match Group Inc. (NASDAQ: MTCH) in its analyst report released on September 26, 2023. The firm assigned the stock a Hold rating. The consensus rating for Match Group Inc. (MTCH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MTCH, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 15 others rate it as a “buy”.
What is MTCH’s price target for the next 12 months?
Analysts predict a range of price targets between $44.00 and $97.00, with a median target of $55.50. Taking a look at these predictions, the average price target given by analysts for Match Group Inc. (MTCH) stock is $56.14.
