With over 18.17 million Match Group Inc. (MTCH) shares trading Tuesday and a closing price of $39.04 on the day, the dollar volume was approximately $709.23 million. The shares have shown a negative half year performance of -12.97% and its price on 01/09/24 gained nearly 3.04%. Currently, there are 279.63M common shares owned by the public and among those 270.32M shares have been available to trade.
Insiders at the company have transacted a total of 63 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 43 of these insider trades were purchases, accounting for 240,716 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 117,417 shares.
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Shares of Match Group Inc. (NASDAQ: MTCH) opened at $42.20, up $4.31 from a prior closing price of $37.89. However, the script later moved the day high at 42.42, up 3.04%. The company’s stock has a 5-day price change of 7.22% and 4.33% over the past three months. MTCH shares are trading 6.96% year to date (YTD), with the 12-month market performance down to -7.82% lower. It has a 12-month low price of $27.85 and touched a high of $54.60 over the same period. MTCH has an average intraday trading volume of 6.11 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.62%, 18.38%, and 2.13% respectively.
Institutional ownership of Match Group Inc. (NASDAQ: MTCH) shares accounts for 98.79% of the company’s 279.63M shares outstanding.
It has a market capitalization of $10.61B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 22.21, while the earnings-per-share (ttm) stands at $1.76. The company has a PEG of 0.85 and a Quick Ratio of 1.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.76% over the week and 3.30% over the month.
Analysts forecast that Match Group Inc. (MTCH) will achieve an EPS of $0.49 for the current quarter, $0.49 for the next quarter and $2.18 for 2024. The lowest estimate earnings-per-share for the quarter is $0.45 while analysts give the company a high EPS estimate of $0.54. Comparatively, EPS for the current quarter was $0.3 a year ago. Earnings per share for the fiscal year are expected to increase by 55.41%, and 13.54% over the next financial year. EPS should grow at an annualized rate of 26.12% over the next five years, compared to 0.82% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 28 brokerage firm advisors rate Match Group Inc. (MTCH) as a “Strong Buy” at a consensus score of 1.82. Specifically, 15 Wall Street analysts polled rate the stock as a buy, while 10 of the 28 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the MTCH, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on December 07, 2023, with the firm’s price target at $32.
