Match Group Inc. (MTCH): A Great Stock For Handling Current Market Conditions?

Currently, there are 268.89M common shares owned by the public and among those 256.27M shares have been available to trade.

The company’s stock has a 5-day price change of 0.51% and 22.27% over the past three months. MTCH shares are trading 3.34% year to date (YTD), with the 12-month market performance up to 1.13% higher. It has a 12-month low price of $27.66 and touched a high of $42.42 over the same period. MTCH has an average intraday trading volume of 5.10 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 2.65%, 3.75%, and 9.74% respectively.

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Institutional ownership of Match Group Inc. (NASDAQ: MTCH) shares accounts for 109.98% of the company’s 268.89M shares outstanding.

It has a market capitalization of $9.73B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 16.37, while the earnings-per-share (ttm) stands at $2.30. The company has a PEG of 0.68 and a Quick Ratio of 2.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.69% over the week and 2.30% over the month.

Earnings per share for the fiscal year are expected to decrease by -11.87%, and 21.89% over the next financial year. EPS should grow at an annualized rate of 24.15% over the next five years, compared to 7.04% over the past 5-year period.

Looking at the support for the MTCH, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on August 05, 2024, with the firm’s price target at $43.20. Wolfe Research coverage for the Match Group Inc. (MTCH) stock in a research note released on July 16, 2024 offered a Outperform rating with a price target of $36. Citigroup was of a view on July 15, 2024 that the stock is Neutral, while Morgan Stanley gave the stock Equal-Weight rating on April 18, 2024, issuing a price target of $53- $37. Raymond James on their part issued Mkt Perform rating on April 04, 2024.

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