The price of Match Group Inc. (NASDAQ: MTCH) closed at $33.72 in the last session, down -5.73% from day before closing price of $35.77. In other words, the price has decreased by -$2.05 from its previous closing price. On the day, 6364294 shares were traded.
Ratios:
We take a closer look at MTCH’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.90. For the most recent quarter (mrq), Quick Ratio is recorded 2.39 and its Current Ratio is at 2.39.
On December 07, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $32.
On October 19, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $52.BofA Securities initiated its Buy rating on October 19, 2023, with a $52 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 9.04B and an Enterprise Value of 12.01B. As of this moment, Match’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.84, and their Forward P/E ratio for the next fiscal year is 13.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.69. Its current Enterprise Value per Revenue stands at 3.57 whereas that against EBITDA is 12.03.
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 35.91, while the 200-Day Moving Average is calculated to be 38.25.
Shares Statistics:
According to the various share statistics, MTCH traded on average about 5.96M shares per day over the past 3-months and 5.03M shares per day over the past 10 days. A total of 268.89M shares are outstanding, with a floating share count of 266.42M. Insiders hold about 0.59% of the company’s shares, while institutions hold 96.08% stake in the company. Shares short for MTCH as of Mar 15, 2024 were 12.3M with a Short Ratio of 2.06, compared to 11.51M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.59% and a Short% of Float of 6.09%.
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 company has 21 analysts who recommend its stock at the moment. 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
According to 22 analysts, the current quarter’s revenue is expected to be $855.93M. 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, 22 analysts are estimating revenue of $883.05M, an increase of 8.90% 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 24 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 24 analysts’ estimates, the company’s revenue will be $3.89B 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.
