In yesterday’s Wall Street session, Match Group Inc. (NASDAQ:MTCH) shares traded at $31.01, up 2.38% from the previous session.
MTCH stock price is now -0.84% away from the 50-day moving average and -10.73% away from the 200-day moving average. The market capitalization of the company currently stands at $8.24B.
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With the price target reduced from $53 to $37, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Match Group Inc. (NASDAQ: MTCH). , while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Sine Jared F., Chief Bus. Affairs & Leg. Off. sold 500 shares of the company’s stock on Mar 01 ’24. The stock was sold for $18,025 at an average price of $36.05. Upon completion of the transaction, the Chief Bus. Affairs & Leg. Off. now directly owns 54,009 shares in the company, valued at $1.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01 ’24, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500 shares of the business’s stock. A total of $19,380 was realized by selling the stock at an average price of $38.76. This leaves the insider owning 29,352 shares of the company worth $0.91 million. A total of 0.59% of the company’s stock is owned by insiders.
During the past 12 months, Match Group Inc. has had a low of $27.66 and a high of $49.24. According to the stock market information, the enterprise value for the company is $11263143936, which is based on a 13.50 price-to-earnings ratio, a 0.67 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for MTCH is $31.2233 and a two-hundred day moving average price translates $34.66265 for the stock.
The latest earnings results from Match Group Inc. (NASDAQ: MTCH) was released for 2024-03-31. The company reported revenue of $859.65 million for the quarter, compared to $787.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.21 percent.
