Match Group Inc. [MTCH] moved down -1.64: Why It’s Important

Match Group Inc. [NASDAQ: MTCH] closed the trading session at $33.54. The company report on February 21, 2024 at 8:00 AM that Match Group Teams Up with OpenAI to Spark a Love Affair with Innovation.

Dating app industry leader secures over 1000 ChatGPT Enterprise licenses for employees.

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In the world of dating apps, Match Group – the cupid behind Tinder, Hinge, Match, and Plenty of Fish – is now in a relationship with OpenAI. This new partnership brings over 1000 ChatGPT Enterprise licenses to the party, promising to be the wingman Match Group employees didn’t know they needed.

The stocks have a year to date performance of -8.11 percent and weekly performance of -3.01 percent. The stock has been moved at -22.95 percent over the last six months. The stock has performed -5.31 percent around the most recent 30 days and changed 4.49 percent over the most recent 3-months.

If compared to the average trading volume of 5.92M shares, MTCH reached to a volume of 6188053 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $44.93 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 1.80. 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.

Wells Fargo have made an estimate for Match Group Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on December 07, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on October 19, 2023, representing the official price target for Match Group Inc. stock. Previously, the target price had yet another raise to $56, while Barclays analysts kept a Overweight rating on MTCH stock.

The Average True Range (ATR) for Match Group Inc. is set at 1.14, with the Price to Sales ratio for MTCH stock in the period of the last 12 months amounting to 2.67. Price to Free Cash Flow for MTCH in the course of the last twelve months was 10.84 with Quick ratio for the last quarter at 2.39.

MTCH stock trade performance evaluation

Match Group Inc. [MTCH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.01. With this latest performance, MTCH shares dropped by -5.31% in over the last four-week period, additionally sinking by -22.95% over the last 6 months – not to mention a drop of -5.49% 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 36.60, with the RSI for the last a single of trading hit 30.96, and the three-weeks RSI is set at 40.48 for Match Group Inc. [MTCH]. The present Moving Average for the last 50 days of trading for this stock 36.40, while it was recorded at 33.90 for the last single week of trading, and 38.53 for the last 200 days.

Match Group Inc. [MTCH]: An insightful look at the core fundamentals

Match Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.39 and a Current Ratio set at 2.39.

Earnings per share (EPS) analysis for Match Group Inc. [MTCH] stock

With the latest financial reports released by the company, Match Group Inc. posted 0.42/share EPS, while the average EPS was predicted by analysts to be reported at 0.41/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.40%. 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 26.14%.

Match Group Inc. [MTCH]: Institutional Ownership

The top three institutional holders of MTCH stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in MTCH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in MTCH stock with ownership which is approximately 5.8325%.