Match Group Inc. (NASDAQ:MTCH) does about 3.56M shares in volume on a normal day but saw 2799755 shares change hands in Tuesday trading. The company now has a market cap of 29.50B USD and an enterprise value of about $32.40B. Its current market price is $113.41, marking an increase of 1.55% compared to the previous close of $111.68. The 52 week high reached by this stock is $123.00 whilst the lowest price level in 52 weeks is $44.74. The script in recent trading has seen the stock touch a high of $115.25 and a low of $110.87.
Match Group Inc. (MTCH) has a 20-day trading average at $114.39 and the current price is -7.80% off the 52-week high compared with 153.49% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 2.70%, which increases to 3.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.64 to suggest the stock is neutral.
18 analysts observing the Match Group Inc. (MTCH) stock have set the 12-month price targets for the company’s shares at between $95.00 and $150.00. The consensus objective for the share price is $124.11, suggesting that the stock has a potential upside of 8.62% over the period. The median price target is 14.41% away from the current levels at $132.50.
FactSet Research has provided data showing that 18 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 9 analysts have rated it as a buy and 8 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 08, 2020 when Goldman initiated the stock to “Neutral” and issued a price target of $86. SunTrust reiterated its price target at $95-$115.
The current price level is -0.60%, 8.61%, and 36.12% away from its SMA20, SMA50, and SMA200 respectively, with the MTCH price moving above the 50-day SMA on September 01. Match Group Inc. (MTCH) stock is up 1.01% over the week and 2.72% over the past month. Its price is 38.12% year-to-date and 35.04% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.32 below consensus estimates by -$0.11. MTCH’s earnings per share are forecast to grow by 8.80% this year and 24.40% over next year. Expected sales for next quarter are $625.11 million, which analysts say will come at $2.34 billion for the current fiscal year and next year at $2.75 billion. In addition, estimates put the company’s current quarterly revenue at an average of $607.07 million.
Its 12-month price target is $132.50. To reach the target analysts have set, the stock logically needs to grow 8.62 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $95.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $150.00.
Outstanding shares total 183.48M with insiders holding 25.98% of the shares and institutional holders owning 114.15% of the company’s common stock. The company has a return on investment of 10.90% and return on equity of 31.90%. The price to earnings ratio (P/E ratio) amounts to 52.24 while the forward price to earnings ratio is 46.20. Price to sales ratio is 13.48.
Canada Pension Plan isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 5.39 million shares to end up with 6,978,528 shares worth $716.69 million. Vanguard Mid Cap Index Fund raise their holdings by 321.65% in the company over the course of the most recent quarter. It now holds a 2.26% position in Match Group Inc. thanks to 5.86 million shares amounting to $601.49 million.