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The closing price of Match Group Inc. (NASDAQ: MTCH) was $29.82 for the day, down -5.36% from the previous closing price of $31.51. In other words, the price has decreased by -$5.36 from its previous closing price. On the day, 20.55 million shares were traded. MTCH stock price reached its highest trading level at $30.2 during the session, while it also had its lowest trading level at $27.655.
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 8.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.95. For the most recent quarter (mrq), Quick Ratio is recorded 2.39 and its Current Ratio is at 2.41.
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 the company, Morgan Stanley on April 18, 2024, Downgraded its rating to Equal-Weight and sets its target price to $37 from $53 previously.
On December 07, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $32.Wells Fargo initiated its Equal Weight rating on December 07, 2023, with a $32 target price.
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 7920132096 and an Enterprise Value of 11372326912. As of this moment, Match’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.99, and their Forward P/E ratio for the next fiscal year is 11.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30. Its current Enterprise Value per Revenue stands at 3.309 whereas that against EBITDA is 11.137.
Stock Price History:
The Beta on a monthly basis for MTCH is 1.27, which has changed by -0.026266992 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. 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 -11.74%, while the 200-Day Moving Average is calculated to be -19.16%.
Shares Statistics:
MTCH traded an average of 5.11M shares per day over the past three months and 4542870 shares per day over the past ten days. A total of 268.89M shares are outstanding, with a floating share count of 264.05M. Insiders hold about 0.58% of the company’s shares, while institutions hold 97.39% stake in the company. Shares short for MTCH as of 1713139200 were 14866340 with a Short Ratio of 2.91, compared to 1710460800 on 12300877. Therefore, it implies a Short% of Shares Outstanding of 14866340 and a Short% of Float of 7.359999999999999.
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 2018-12-04 with an ex-dividend date of 1447113600. Stock splits for the company last occurred on 2020-07-01 when the company split stock in a 3502:1000 ratio.
Earnings Estimates
The dynamic stock of Match Group Inc. (MTCH) is currently being evaluated by a team of 22.0 analysts, each contributing to its current rating.On average, analysts expect EPS of $0.52 for the current quarter, with a high estimate of $0.73 and a low estimate of $0.44, while EPS last year was $0.48. The consensus estimate for the next quarter is $0.61, with high estimates of $0.81 and low estimates of $0.53.
Analysts are recommending an EPS of between $2.91 and $1.94 for the fiscal current year, implying an average EPS of $2.16. EPS for the following year is $2.55, with 22.0 analysts recommending between $3.42 and $2.24.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 23 analysts. It ranges from a high estimate of $897.7M to a low estimate of $869M. As of the current estimate, Match Group Inc.’s year-ago sales were $811.19MFor the next quarter, 23 analysts are estimating revenue of $929.64M. There is a high estimate of $947.4M for the next quarter, whereas the lowest estimate is $896M.
A total of 25 analysts have provided revenue estimates for MTCH’s current fiscal year. The highest revenue estimate was $3.64B, while the lowest revenue estimate was $3.52B, resulting in an average revenue estimate of $3.6B. In the same quarter a year ago, actual revenue was $3.36BBased on 24 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 $3.67B.
