Match Group Inc. (NASDAQ: MTCH) is 5.29% higher on its value in year-to-date trading and has touched a low of $27.66 and a high of $42.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTCH stock was last observed hovering at around $38.03 in the last trading session, with the day’s gains setting it 0.4%.
Currently trading at $38.43, the stock is 2.36% and 4.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.74 million and changing 1.05% at the moment leaves the stock 11.56% off its SMA200. MTCH registered 8.25% gain for a year compared to 6-month gain of 19.42%. The firm has a 50-day simple moving average (SMA 50) of $36.6481 and a 200-day simple moving average (SMA200) of $34.447674.
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The stock witnessed a 4.32% loss in the last 1 month and extending the period to 3 months gives it a 11.68%, and is 1.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.02% over the week and 2.15% over the month.
Match Group Inc. (MTCH) has around 2620 employees, a market worth around $9.91B and $3.47B in sales. Current P/E ratio is 16.68 and Fwd P/E is 15.81. Profit margin for the company is 18.72%. Distance from 52-week low is 38.96% and -9.42% from its 52-week high. The company has generated returns on investments over the last 12 months (17.49%).
with sales reaching $900.98M over the same period.The EPS is expected to shrink by -12.16% this year, but quarterly earnings will post 4.90% year-over-year.
Match Group Inc. (MTCH) Top Institutional Holders
856.0 institutions hold shares in Match Group Inc. (MTCH), with institutional investors hold 111.26% of the company’s shares. The shares outstanding are 268.89M, and float is at 256.27M with Short Float at 5.61%. Institutions hold 110.37% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.93 million shares valued at $970.08 million. The investor’s holdings represent 11.9084% of the MTCH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.97 million shares valued at $606.72 million to account for 7.4479 of the shares outstanding. The other top investors are STATE STREET CORP which holds 17.28 million shares representing 6.4446% and valued at over $524.99 million, while UBS GROUP AG holds 5.0765 of the shares totaling 13.61 million with a market value of $413.54 million.
Match Group Inc. (MTCH) Insider Activity
The most recent transaction is an insider sale by Sine Jared F., the company’s Chief Bus. Affairs & Leg. Off. SEC filings show that Sine Jared F. sold 500 shares of the company’s common stock on Mar 01 ’24 at a price of $36.05 per share for a total of $18025.0. Following the sale, the insider now owns 54009.0 shares.
Match Group Inc. disclosed in a document filed with the SEC on Feb 01 ’24 that Sine Jared F. (Chief Bus. Affairs & Leg. Off.) sold a total of 500 shares of the company’s common stock. The trade occurred on Feb 01 ’24 and was made at $38.76 per share for $19380.0. Following the transaction, the insider now directly holds 29352.0 shares of the MTCH stock.
Still, SEC filings show that on Jan 02 ’24, Sine Jared F. (Chief Bus. Affairs & Leg. Off.) disposed off 500 shares at an average price of $35.98 for $17990.0. The insider now directly holds 29,852 shares of Match Group Inc. (MTCH).
