The price of Match Group Inc (NASDAQ:MTCH) shares last traded on Wall Street rose 0.03% to $34.01.
MTCH stock price is now 2.71% away from the 50-day moving average and 1.03% away from the 200-day moving average. The market capitalization of the company currently stands at $8.54B.
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On February 06, 2025, Evercore ISI Downgraded its previous ‘Outperform’ rating to ‘In-line’ on the stock increasing its target price from $35 to quote $35, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Schiffman Glenn, Director bought 3,000 shares of the company’s stock on Feb 06 ’25. The stock was bought for $103,410 at an average price of $34.47. Upon completion of the transaction, the Director now directly owns 33,827 shares in the company, valued at $1.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’25, Chief Executive Officer Rascoff Spencer M bought 59,560 shares of the business’s stock. A total of $2,049,704 was incurred on buying the stock at an average price of $34.41. This leaves the insider owning 59,560 shares of the company worth $2.03 million. A total of 0.71% 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 $38.84. According to the stock market information, the enterprise value for the company is $12143727616, which is based on a 16.82 price-to-earnings ratio, a 1.09 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for MTCH is $33.088 and a two-hundred day moving average price translates $33.652626 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. For the current quarter, analysts expect MTCH to generate $826.35M in revenue.
