The stock of Match Group Inc (NASDAQ:MTCH) last traded at $31.64, up 1.80% from the previous session.
MTCH stock price is now -6.91% away from the 50-day moving average and -6.23% away from the 200-day moving average. The market capitalization of the company currently stands at $7.94B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $40 to $33, JP Morgan Downgraded its rating from Overweight to Neutral for Match Group Inc (NASDAQ: MTCH). On December 17, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $40 to quote $32, while ‘New Street’ rates the stock as ‘Neutral’
In other news, Bailey Stephen, Director sold 801 shares of the company’s stock on Nov 22 ’24. The stock was sold for $25,320 at an average price of $31.61. Upon completion of the transaction, the Director now directly owns 12,398 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, Chief Bus. Affairs & Leg. Off. Sine Jared F. sold 500 shares of the business’s stock. A total of $18,025 was realized by selling the stock at an average price of $36.05. This leaves the insider owning 54,009 shares of the company worth $1.71 million. A total of 0.65% 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 $42.42. According to the stock market information, the enterprise value for the company is $10790346752, which is based on a 14.11 price-to-earnings ratio, a 0.88 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for MTCH is $33.9876 and a two-hundred day moving average price translates $33.741375 for the stock.
The latest earnings results from Match Group Inc (NASDAQ: MTCH) was released for 2024-09-30. The company reported revenue of $895.48 million for the quarter, compared to $881.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.57 percent.
