In the Green: Match Group Inc (MTCH) Closes at 31.94, Up/Down 4.52 from Previous Day

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In the latest session, Match Group Inc (NASDAQ: MTCH) closed at $31.94 up 4.52% from its previous closing price of $30.56. In other words, the price has increased by $4.52 from its previous closing price. On the day, 5.89 million shares were traded. MTCH stock price reached its highest trading level at $32.23 during the session, while it also had its lowest trading level at $30.56.

Ratios:

For a deeper understanding of Match Group Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.05. For the most recent quarter (mrq), Quick Ratio is recorded 2.51 and its Current Ratio is at 2.49.

On August 05, 2024, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $43.20.

On July 16, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $36.Wolfe Research initiated its Outperform rating on July 16, 2024, with a $36 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 8237166592 and an Enterprise Value of 11099204608. As of this moment, Match’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.22, and their Forward P/E ratio for the next fiscal year is 13.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32. Its current Enterprise Value per Revenue stands at 3.184 whereas that against EBITDA is 10.539.

Stock Price History:

Over the past 52 weeks, MTCH has reached a high of $42.42, while it has fallen to a 52-week low of $27.66. The 50-Day Moving Average of the stock is -12.72%, while the 200-Day Moving Average is calculated to be -7.03%.

Shares Statistics:

For the past three months, MTCH has traded an average of 4.18M shares per day and 6494950 over the past ten days. A total of 268.89M shares are outstanding, with a floating share count of 256.27M. Insiders hold about 0.63% of the company’s shares, while institutions hold 109.36% stake in the company. Shares short for MTCH as of 1728950400 were 14358725 with a Short Ratio of 3.44, compared to 1726185600 on 16858231. Therefore, it implies a Short% of Shares Outstanding of 14358725 and a Short% of Float of 6.39.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 1.52.

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