Match Group Inc. [NASDAQ: MTCH] stock went on an upward path that rose over 5.61% on Tuesday, amounting to a one-week price decrease of less than -5.38%. The company report on March 1, 2023 that Match Group to Present at the New Street Research Online Dating Summit.
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Match Group (NASDAQ: MTCH) announced today that it will participate at the New Street Research Online Dating Summit on Tuesday, March 14. Fireside chats include:.
Faye Iosotaluno, COO of Tinder and Mark Van Ryswyk, CPO of Tinder, at 10:55 a.m. Eastern Time.
Over the last 12 months, MTCH stock dropped by -58.46%. The one-year Match Group Inc. stock forecast points to a potential upside of 41.47. The average equity rating for MTCH stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $10.60 billion, with 279.39 million shares outstanding and 277.47 million shares in the current float. Compared to the average trading volume of 4.42M shares, MTCH stock reached a trading volume of 5881817 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 $62.77 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 2.20. 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 Overweight, with their previous recommendation back on March 14, 2023. The new note on the price target was released on February 02, 2023, representing the official price target for Match Group Inc. stock. Previously, the target price had yet another raise to $55, while Citigroup analysts kept a Neutral rating on MTCH stock.
The Average True Range (ATR) for Match Group Inc. is set at 1.79, with the Price to Sales ratio for MTCH stock in the period of the last 12 months amounting to 3.32. Price to Free Cash Flow for MTCH in the course of the last twelve months was 22.24 with Quick ratio for the last quarter at 1.60.
MTCH Stock Performance Analysis:
Match Group Inc. [MTCH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.38. With this latest performance, MTCH shares dropped by -18.50% in over the last four-week period, additionally sinking by -41.72% over the last 6 months – not to mention a drop of -58.46% 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 32.13, with the RSI for the last a single of trading hit 31.08, and the three-weeks RSI is set at 35.13 for Match Group Inc. [MTCH]. The present Moving Average for the last 50 days of trading for this stock 44.93, while it was recorded at 36.35 for the last single week of trading, and 54.55 for the last 200 days.
Insight into Match Group Inc. Fundamentals:
Match Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.
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 16.55%.
Match Group Inc. [MTCH] Insider Position Details
There are presently around $9,888 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 33,859,662, which is approximately 2.909% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 30,896,861 shares of the stock with an approximate value of $1.14 billion in MTCH stocks shares; and EDGEWOOD MANAGEMENT LLC, currently with $583.41 million in MTCH stock with ownership of nearly -13.672% of the company’s market capitalization.
290 institutional holders increased their position in Match Group Inc. [NASDAQ:MTCH] by around 34,889,238 shares. Additionally, 342 investors decreased positions by around 31,306,236 shares, while 93 investors held positions by with 202,948,391 shares. The mentioned changes placed institutional holdings at 269,143,865 shares, according to the latest SEC report filing. MTCH stock had 88 new institutional investments in for a total of 5,835,365 shares, while 99 institutional investors sold positions of 4,421,947 shares during the same period.