Match Group Inc. [MTCH] Revenue clocked in at $2.29 billion, down -1.42% YTD: What’s Next?

Match Group Inc. [NASDAQ: MTCH] slipped around -5.97 points on Thursday, while shares priced at $149.05 at the close of the session, down -3.85%. The company report on December 7, 2020 that Match Group and RAINN Enter Into Groundbreaking Partnership on Dating Safety.

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RAINN – the Nation’s Leading Anti-Sexual Violence Organization – to Help Strengthen Match Group’s Sexual Misconduct Reporting, Moderation, and Response Processes.

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Match Group Inc. stock is now -1.42% down from its year-to-date (YTD) trading value. MTCH Stock saw the intraday high of $158.22 and lowest of $148.03 per share. The company’s 52-week high price is 159.85, which means current price is +1.28% above from all time high which was touched on 01/13/21.

Compared to the average trading volume of 2.16M shares, MTCH reached a trading volume of 1885198 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Match Group Inc. [MTCH]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MTCH shares is $145.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MTCH stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for Match Group Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 04, 2021. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on September 15, 2020, representing the official price target for Match Group Inc. stock. Previously, the target price had yet another raise to $86, while Goldman analysts kept a Neutral rating on MTCH stock.

The Average True Range (ATR) for Match Group Inc. is set at 5.45, with the Price to Sales ratio for MTCH stock in the period of the last 12 months amounting to 17.46. Price to Free Cash Flow for MTCH in the course of the last twelve months was 86.60 with Quick ratio for the last quarter at 1.50.

How has MTCH stock performed recently?

Match Group Inc. [MTCH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.49. With this latest performance, MTCH shares gained by 2.93% in over the last four-week period, additionally plugging by 57.79% over the last 6 months – not to mention a rise of 63.61% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MTCH stock in for the last two-week period is set at 50.35, with the RSI for the last a single of trading hit 44.68, and the three-weeks RSI is set at 53.78 for Match Group Inc. [MTCH]. The present Moving Average for the last 50 days of trading for this stock 143.45, while it was recorded at 152.27 for the last single week of trading.

Match Group Inc. [MTCH]: Deeper insight into the fundamentals

Match Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Earnings analysis for Match Group Inc. [MTCH]

With the latest financial reports released by the company, Match Group Inc. posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.44/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MTCH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Match Group Inc. go to 6.86%.

Insider trade positions for Match Group Inc. [MTCH]

There are presently around $37,461 million, or 97.10% of MTCH stock, in the hands of institutional investors. The top three institutional holders of MTCH stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 35,688,966, which is approximately New of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 22,246,895 shares of the stock with an approximate value of $3.32 billion in MTCH stocks shares; and JENNISON ASSOCIATES LLC, currently with $2.44 billion in MTCH stock with ownership of nearly New of the company’s market capitalization.

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557 institutional holders increased their position in Match Group Inc. [NASDAQ:MTCH] by around 238,569,711 shares. Additionally, 11 investors decreased positions by around 738,721 shares, while 5 investors held positions by with 12,026,074 shares. The mentioned changes placed institutional holdings at 251,334,506 shares, according to the latest SEC report filing. MTCH stock had 545 new institutional investments in for a total of 234,561,617 shares, while 2 institutional investors sold positions of 46,843 shares during the same period.

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