Stocks of Match Group Inc. (NASDAQ:MTCH) traded higher last session on Wall Street, down -1.13% to $34.17.
MTCH stock price is now 4.97% away from the 50-day moving average and 2.03% away from the 200-day moving average. The market capitalization of the company currently stands at $8.81B.
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With the price target maintained at $43.20, HSBC Securities recently Upgraded its rating from Hold to Buy for Match Group Inc. (NASDAQ: MTCH). On July 16, 2024, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $36, while ‘Citigroup’ rates the stock as ‘Neutral’
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 $1.85 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 $1.0 million. A total of 0.61% 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 $47.81. According to the stock market information, the enterprise value for the company is $11911329792, which is based on a 14.83 price-to-earnings ratio, a 0.74 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for MTCH is $32.6145 and a two-hundred day moving average price translates $33.4878 for the stock.
The latest earnings results from Match Group Inc. (NASDAQ: MTCH) was released for 2024-06-30. The company reported revenue of $864.07 million for the quarter, compared to $829.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.16 percent.
