Match Group Inc (NASDAQ: MTCH) is -14.36% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MTCH stock was last observed hovering at around $30.74 in the last trading session, with the day’s gains setting it 0.52%.
Currently trading at $31.26, the stock is -11.49% and -13.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.6 million and changing 1.69% at the moment leaves the stock -8.72% off its SMA200. MTCH registered 1.59% gain for a year compared to 6-month gain of -0.32%. The firm has a 50-day simple moving average (SMA 50) of $36.2557 and a 200-day simple moving average (SMA200) of $34.24535.
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The stock witnessed a -17.36% loss in the last 1 month and extending the period to 3 months gives it a -11.17%, and is 0.48% 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 4.10% over the week and 2.79% over the month.
Match Group Inc (MTCH) has around 2620 employees, a market worth around $7.85B and $3.49B in sales. Current P/E ratio is 13.94 and Fwd P/E is 13.58. Profit margin for the company is 17.86%. Distance from 52-week low is 13.04% and -26.32% from its 52-week high. The company has generated returns on investments over the last 12 months (16.57%).
The EPS is expected to shrink by -12.47% this year
869.0 institutions hold shares in Match Group Inc (MTCH), with institutional investors hold 111.47% of the company’s shares. The shares outstanding are 268.89M, and float is at 256.27M with Short Float at 5.52%. Institutions hold 110.55% 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).
