The closing price of Match Group Inc. (NASDAQ: MTCH) was $33.54 for the day, down -1.64% from the previous closing price of $34.10. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 6188053 shares were traded.
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Ratios:
Our analysis of MTCH’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.84. For the most recent quarter (mrq), Quick Ratio is recorded 2.39 and its Current Ratio is at 2.39.
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, Wells Fargo on December 07, 2023, initiated with a Equal Weight rating and assigned the stock a target price of $32.
On October 19, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $52.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 01 ’24 when Sine Jared F. sold 500 shares for $36.05 per share. The transaction valued at 18,025 led to the insider holds 54,009 shares of the business.
Sine Jared F. sold 500 shares of MTCH for $19,380 on Feb 01 ’24. The Chief Bus. Affairs & Leg. Off. now owns 29,352 shares after completing the transaction at $38.76 per share. On Jan 02 ’24, another insider, Sine Jared F., who serves as the Chief Bus. Affairs & Leg. Off. of the company, sold 500 shares for $35.98 each. As a result, the insider received 17,990 and left with 29,852 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTCH now has a Market Capitalization of 8.99B and an Enterprise Value of 11.96B. As of this moment, Match’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.76, and their Forward P/E ratio for the next fiscal year is 13.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.67. Its current Enterprise Value per Revenue stands at 3.56 whereas that against EBITDA is 11.98.
Stock Price History:
Over the past 52 weeks, MTCH has reached a high of $49.24, while it has fallen to a 52-week low of $27.85. The 50-Day Moving Average of the stock is 36.40, while the 200-Day Moving Average is calculated to be 38.53.
Shares Statistics:
MTCH traded an average of 5.92M shares per day over the past three months and 5.99M shares per day over the past ten days. A total of 268.89M shares are outstanding, with a floating share count of 266.43M. Insiders hold about 0.59% of the company’s shares, while institutions hold 96.06% stake in the company. Shares short for MTCH as of Feb 29, 2024 were 10.65M with a Short Ratio of 1.80, compared to 10.36M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.97% and a Short% of Float of 5.28%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.52. The current Payout Ratio is 0.00% for MTCH, which recently paid a dividend on Dec 19, 2018 with an ex-dividend date of Nov 10, 2015. Stock splits for the company last occurred on Jul 02, 2020 when the company split stock in a 1:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 21 analysts. On average, analysts expect EPS of $0.41 for the current quarter, with a high estimate of $0.58 and a low estimate of $0.36, while EPS last year was $0.42. The consensus estimate for the next quarter is $0.53, with high estimates of $0.73 and low estimates of $0.44.
Analysts are recommending an EPS of between $2.91 and $1.94 for the fiscal current year, implying an average EPS of $2.18. EPS for the following year is $2.53, with 21 analysts recommending between $3.42 and $2.23.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 21 analysts. It ranges from a high estimate of $861.74M to a low estimate of $852.2M. As of the current estimate, Match Group Inc.’s year-ago sales were $793.79M, an estimated increase of 7.80% from the year-ago figure. For the next quarter, 21 analysts are estimating revenue of $882.61M, an increase of 8.80% over than the figure of $7.80% in the same quarter last year. There is a high estimate of $897.7M for the next quarter, whereas the lowest estimate is $867M.
A total of 23 analysts have provided revenue estimates for MTCH’s current fiscal year. The highest revenue estimate was $3.64B, while the lowest revenue estimate was $3.53B, resulting in an average revenue estimate of $3.6B. In the same quarter a year ago, actual revenue was $3.36B, up 7.10% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $3.88B in the next fiscal year. The high estimate is $4.01B and the low estimate is $3.68B. The average revenue growth estimate for next year is up 7.80% from the average revenue estimate for this year.
