In What Direction Will Match Group Inc.’s (NASDAQ:MTCH) Stock Goes From Here?

Match Group Inc. (NASDAQ: MTCH) closed the day trading at 49.81 down -3.86% from the previous closing price of $51.81. In other words, the price has decreased by $-2.00 from its previous closing price. On the day, 4291474 shares were traded. MTCH reached its highest trading level at $52.74 during the session, while it also had its lowest trading level at $49.77.

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Ratios:

For a better understanding of MTCH, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.07. For the most recent quarter (mrq), Quick Ratio is recorded 1.30 and its Current Ratio is at 1.30.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stifel on September 15, 2022, initiated with a Hold rating and assigned the stock a target price of $62.

On September 14, 2022, Loop Capital Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $70 to $60.

Truist Downgraded its Buy to Hold on August 03, 2022, whereas the target price for the stock was revised from $145 to $68.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 04 when Kim Bernard Jin bought 16,000 shares for $63.58 per share. The transaction valued at 1,017,280 led to the insider holds 16,000 shares of the business.

LEVIN JOSEPH sold 163,220 shares of MTCH for $28,519,665 on Oct 21. The Director now owns 35,475 shares after completing the transaction at $174.73 per share. On Sep 27, another insider, LEVIN JOSEPH, who serves as the Director of the company, sold 5,976 shares for $165.22 each. As a result, the insider received 987,376 and left with 35,396 shares of the company.

Valuation Measures:

As of this moment, Match’s Price-to-Earnings (P/E) ratio for their current fiscal year is 146.07, and their Forward P/E ratio for the next fiscal year is 24.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.60.

Stock Price History:

Over the past 52 weeks, MTCH has reached a high of $182.00, while it has fallen to a 52-week low of $51.76. The 50-Day Moving Average of the stock is 63.91, while the 200-Day Moving Average is calculated to be 90.54.

Shares Statistics:

Over the past 3-months, MTCH traded about 3.13M shares per day on average, while over the past 10 days, MTCH traded about 3.38M shares per day. A total of 285.13M shares are outstanding, with a floating share count of 278.69M. Insiders hold about 0.40% of the company’s shares, while institutions hold 99.90% stake in the company. Shares short for MTCH as of Jul 14, 2022 were 8.49M with a Short Ratio of 3.46, compared to 9.34M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.97% and a Short% of Float of 3.32%.

Dividends & Splits

The current Payout Ratio is 0.00% for MTCH, which recently paid a dividend on Dec 18, 2018 with an ex-dividend date of Nov 09, 2015. Stock splits for the company last occurred on Jul 01, 2020 when the company split stock in a 1:1 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 19 analysts. On average, analysts expect EPS of $0.53 for the current quarter, with a high estimate of $0.68 and a low estimate of $0.42, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.6, with high estimates of $0.78 and low estimates of $0.47.

Analysts are recommending an EPS of between $2.95 and $2.02 for the fiscal current year, implying an average EPS of $2.44. EPS for the following year is $2.92, with 22 analysts recommending between $3.86 and $2.18.

Revenue Estimates

A total of 22 analysts have provided revenue estimates for MTCH’s current fiscal year. The highest revenue estimate was $3.57B, while the lowest revenue estimate was $3.32B, resulting in an average revenue estimate of $3.43B. In the same quarter a year ago, actual revenue was $2.98B, up 14.80% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $3.99B in the next fiscal year. The high estimate is $4.28B and the low estimate is $3.77B. The average revenue growth estimate for next year is up 16.60% from the average revenue estimate for this year.