Market Analysts see Match Group Inc. [MTCH] gaining to $54. Time to buy?

Match Group Inc. [NASDAQ: MTCH] stock went on a downward path that fall over -0.61% on Wednesday, amounting to a one-week price increase of more than 7.05%. The company report on January 24, 2023 that First-Ever Dating-App Led Research Study of Hispanics in College Reveals Concerns on Inflation, Direction of Country; Shows Ever Growing Impact of Online Dating.

Study reveals 75% of college-aged single Latines are more careful how they are spending their money and 66% of respondents are worried they might not have access to reproductive services in the future..

Chispa, the #1 dating app made for US Latinx, released the results of its first-ever study of Hispanics in college, conducted in Q3 and Q4 2022 in partnership with Dr. Jake Beniflah, the founder of The Center for Multicultural Science, a non-partisan think tank focused on multicultural marketing. From the impacts of inflation on dating to reproductive rights, this study highlights the issues that affect Hispanic Gen Zs and gives a look towards the future by the Latine community.

Over the last 12 months, MTCH stock dropped by -56.90%. The one-year Match Group Inc. stock forecast points to a potential upside of 19.05. The average equity rating for MTCH stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $13.39 billion, with 281.31 million shares outstanding and 277.47 million shares in the current float. Compared to the average trading volume of 4.53M shares, MTCH stock reached a trading volume of 2863755 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $62.43 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 2.10. 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.

New Street have made an estimate for Match Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 04, 2023. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on December 08, 2022, representing the official price target for Match Group Inc. stock. Previously, the target price had yet another drop from $90 to $60, while Jefferies kept a Buy rating on MTCH stock.

The Average True Range (ATR) for Match Group Inc. is set at 1.97, with the Price to Sales ratio for MTCH stock in the period of the last 12 months amounting to 4.17. Price to Free Cash Flow for MTCH in the course of the last twelve months was 27.87 with Quick ratio for the last quarter at 1.20.

MTCH Stock Performance Analysis:

Match Group Inc. [MTCH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.05. With this latest performance, MTCH shares gained by 26.70% in over the last four-week period, additionally sinking by -26.17% over the last 6 months – not to mention a drop of -56.90% 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 67.45, with the RSI for the last a single of trading hit 72.86, and the three-weeks RSI is set at 61.91 for Match Group Inc. [MTCH]. The present Moving Average for the last 50 days of trading for this stock 45.41, while it was recorded at 50.34 for the last single week of trading, and 60.50 for the last 200 days.

Insight into Match Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Match Group Inc. [MTCH] shares currently have an operating margin of +28.55 and a Gross Margin at +69.52. Match Group Inc.’s Net Margin is presently recorded at +9.29.

Match Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

MTCH Stock EPS

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 21.45%.

Match Group Inc. [MTCH] Insider Position Details

There are presently around $13,440 million, or 97.60% of MTCH stock, in the hands of institutional investors. The top three institutional holders of MTCH stocks are: BLACKROCK INC. with ownership of 32,902,663, which is approximately 2.151% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 30,654,634 shares of the stock with an approximate value of $1.55 billion in MTCH stocks shares; and EDGEWOOD MANAGEMENT LLC, currently with $929.66 million in MTCH stock with ownership of nearly 18.477% of the company’s market capitalization.

312 institutional holders increased their position in Match Group Inc. [NASDAQ:MTCH] by around 27,008,161 shares. Additionally, 356 investors decreased positions by around 29,217,942 shares, while 102 investors held positions by with 209,711,373 shares. The mentioned changes placed institutional holdings at 265,937,476 shares, according to the latest SEC report filing. MTCH stock had 85 new institutional investments in for a total of 9,153,871 shares, while 136 institutional investors sold positions of 7,882,620 shares during the same period.