Match Group Inc (NASDAQ: MTCH) is -12.71% 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 $32.86 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $33.22, the stock is 2.62% and -1.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 1.10% at the moment leaves the stock -1.49% off its SMA200. MTCH registered -9.49% loss for a year compared to 6-month gain of 5.08%. The firm has a 50-day simple moving average (SMA 50) of $33.8346 and a 200-day simple moving average (SMA200) of $33.734425.
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The stock witnessed a 1.06% loss in the last 1 month and extending the period to 3 months gives it a -13.89%, and is 0.89% 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 3.79% over the week and 3.57% over the month.
Match Group Inc (MTCH) has around 2620 employees, a market worth around $8.43B and $3.49B in sales. Current P/E ratio is 14.82 and Fwd P/E is 15.13. Profit margin for the company is 17.86%. Distance from 52-week low is 20.12% and -21.70% 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 -13.43% this year
879.0 institutions hold shares in Match Group Inc (MTCH), with institutional investors hold 108.32% of the company’s shares. The shares outstanding are 253.96M, and float is at 249.47M with Short Float at 6.15%. Institutions hold 107.43% 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 Bailey Stephen, the company’s Director. SEC filings show that Bailey Stephen sold 801 shares of the company’s common stock on Nov 22 ’24 at a price of $31.61 per share for a total of $25320.0. Following the sale, the insider now owns 12398.0 shares.
Match Group Inc disclosed in a document filed with the SEC on Mar 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 Mar 01 ’24 and was made at $36.05 per share for $18025.0. Following the transaction, the insider now directly holds 54009.0 shares of the MTCH stock.
Still, SEC filings show that on Feb 01 ’24, Sine Jared F. (Chief Bus. Affairs & Leg. Off.) disposed off 500 shares at an average price of $38.76 for $19380.0. The insider now directly holds 29,352 shares of Match Group Inc (MTCH).
