Match Group Inc. [NASDAQ: MTCH] loss -0.14% on the last trading session, reaching $36.89 price per share at the time.
If compared to the average trading volume of 4.20M shares, MTCH reached a trading volume of 3422888 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $43.47 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 1.72. 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.
HSBC Securities have made an estimate for Match Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 05, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on July 16, 2024, representing the official price target for Match Group Inc. stock. Previously, the target price had yet another drop from $34 to $33, while Citigroup kept a Neutral rating on MTCH stock. On April 18, 2024, analysts decreased their price target for MTCH shares from 53 to 37.
The Average True Range (ATR) for Match Group Inc. is set at 0.78, with the Price to Sales ratio for MTCH stock in the period of the last 12 months amounting to 2.74. Price to Free Cash Flow for MTCH in the course of the last twelve months was 10.34 with Quick ratio for the last quarter at 2.51.
Trading performance analysis for MTCH stock
Match Group Inc. [MTCH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.91. With this latest performance, MTCH shares dropped by -1.71% in over the last four-week period, additionally plugging by 18.31% over the last 6 months – not to mention a rise of 8.37% 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 45.47, with the RSI for the last a single of trading hit 39.01, and the three-weeks RSI is set at 49.07 for Match Group Inc. [MTCH]. The present Moving Average for the last 50 days of trading for this stock 37.00, while it was recorded at 37.09 for the last single week of trading, and 34.44 for the last 200 days.
Match Group Inc. [MTCH]: A deeper dive into fundamental analysis
Match Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.51 and a Current Ratio set at 2.51.
Match Group Inc. [MTCH]: An earnings per share (EPS) analysis
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 24.15%.
An analysis of Institutional ownership at Match Group Inc. [MTCH]
There are presently around $109.44%, or 110.32%% of MTCH stock, in the hands of institutional investors. The top three institutional holders of MTCH stocks are: VANGUARD GROUP INC with ownership of 31.93 million shares, which is approximately 11.9084%. BLACKROCK INC., holding 19.97 million shares of the stock with an approximate value of $$606.72 million in MTCH stocks shares; and BLACKROCK INC., currently with $$524.99 million in MTCH stock with ownership which is approximately 6.4446%.
