BofA Securities has recently reduced Match Group Inc (MTCH) stock to Neutral rating, as announced on November 7, 2024, according to Finviz. Earlier, on August 5, 2024, HSBC Securities had raised the stock from a Hold to Buy, setting a price target of $43.20. Wolfe Research also initiated Outperform rating with a price target of $36. Additionally, Citigroup reiterated Neutral rating on July 15, 2024, with a target price of $33. Morgan Stanley analysts, in their report published on April 18, 2024, also reduced rating and set a price target of $53 for Match Group Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Match Group Inc (MTCH) Stock Trading Recap
On Tuesday, Match Group Inc (MTCH) stock saw a decline, ending the day at $32.85 which represents a decrease of $-0.35 or -1.05% from the prior close of $33.2. The stock opened at $33.24 and touched a low of $32.82 during the day, reaching a high of $33.7. The volume of shares traded was 3.53 million falling short of the average volume of 4.24 million.
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MTCH Stock Performance and Moving Averages
In recent trading, Match Group Inc (MTCH) stock price has shown some volatility, fluctuating 0.86% over the last five trades and -7.96% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 5.69%, and it has plunged by -9.88% in the previous three months. Currently, MTCH is trading at 2.21%, -6.86%, and -3.30% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MTCH, a Communication Services sector stock, is trading -22.57% below its 52-week high but remains 18.79% above its 52-week low. The Average True Range (ATR) (14 days) of 1.01 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Match Group Inc’s Profitability and Valuation Ratios
Match Group Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 24.68% and a profit margin of 17.86%, with a gross margin of 5.69%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Match Group Inc’s market capitalization stands at $8.25 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 14.65, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 14.27. Additionally, the Price-to-Sales Ratio is 2.37, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.00% of Match Group Inc (MTCH)’s shares, while financial institutions hold 106.18%.
