How have the shares performed?
Match Group Inc. (MTCH) saw downtrend of -2.24% in the recent trading with $136.86 being its most recent. The current price level -21.65% lower than the highest price of $174.68 marked by the stock while trading over the past 52-weeks, whereas it is 72.65% higher than the lowest price of $79.27 the company dropped to over past 52-weeks. The latest news story on MTCH appeared in PR Newswire under the title “Match Group to Present at the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference” on May-18-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -14.60% below one month high and is +1.00% above of the lowest during that time. Looking into the simple moving average, Match Group Inc. (MTCH)’s stock stands at a SMA-50 of $145.57 while that of 5-day is reading $139.81.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and MTCH’s SMA-200 as of now is $135.41.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 19 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.20 for the stock.
Match Group Inc. Earnings – What Happened With MTCH
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Match Group Inc. (MTCH) last released financial results for the quarter that ended 3/31/2021, posting a surprise factor of 42.50% for net revenue. During the reported three-month period, company’s sales were $651.41 billion while analysts on average were estimating the same to be $688.48 million.
MTCH – Match Group Inc. Stock Earnings Estimates
The perspective of Match Group Inc. (NASDAQ:MTCH)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.4 for stock’s EPS in the current quarter. 15 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.57.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 268.65 million. MTCH does have institutional investors; and they hold 99.58% of the stock.
Match Group Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 11 new insider purchases involving 559,928 shares. On the other hand, MTCH declared 956,225 shares have been sold in 55 insider transactions over the past three months.
As on Dec 31, 2020, Price (T.Rowe) Associates Inc was the top most holder in Match Group Inc. (NASDAQ:MTCH) with an ownership of 34.8 million shares of the company or 12.88% of the stake worth $5.26 billion. The filing also reveals Jennison Associates LLC as the second largest holder in the company with a control over 8.48% of the outstanding shares. Its stake is worth $3.15 billion for having 22.93 million shares in hand.
Vanguard Group, Inc. (The) also came holding a key position in the company during the recent quarter and it now holds 8.45% of the outstanding shares. With this there are now 979 institutions which have possession in MTCH’s shares.
Currently, the stock has been recommended as Moderate Buy by 19 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.20 for the stock.
Technical Analysis of Match Group Inc. (NASDAQ:MTCH) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Match Group Inc. (MTCH), we notice that the stock’s 20-day average volume is at 2,318,215 shares. Its 50-day average volume of 2,067,946 shares. And to end with, MTCH’s 100-day average volume are 2,432,670 shares.