RBC Capital Mkts raised the price target for the Match Group Inc. (NASDAQ:MTCH) stock to “an Outperform”. The rating was released on July 09, 2021. The research report from BTIG Research has upgraded the stock from Neutral to Buy, with a price target set at $175. The stock was resumed by Evercore ISI, who disclosed in a research note on April 06, 2021, to Outperform and set the price objective to $180. In their research brief published February 04, 2021, Susquehanna analysts upgraded the Match Group Inc. stock from Neutral to Positive with a price target of $165.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Match Group Inc. (NASDAQ:MTCH) raised 0.29% to close Tuesday’s market session at $153.77, higher as compared to yesterday’s close. The stock price fluctuated between $153.075 and $155.59 throughout the trading session with the volume trading being 4760888 shares, which represented a significant variation when compared to the three months average volume of 2.04 million shares. The firm’s stock price fluctuated -6.59% within the last five trades and -0.10% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 5.22% in the last 6 months and 10.06% was added to its value over the previous 3 months. MTCH stock is trading at a margin of -4.33%, 2.54% and 6.81% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, MTCH deals in the Communication Services domain. The stock is trading -11.97 percent below its 52-week high and 75.62 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 54.54. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Match Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 32.50 percent and the profit margin is 20.40 percent, and the company has reported a gross margin of 73.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $42.04 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Match Group Inc. (NASDAQ:MTCH) is 77.74. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 53.04. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 16.72 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.40 percent of Match Group Inc. shares are owned by insiders, and 99.94 percent are held by financial institutions. LEVIN JOSEPH, the Director at Match Group Inc. (MTCH) has sold 5,025 shares of firm on Jul 14 at a price of $165.63 against the total amount of $0.83 million. In another inside trade, LEVIN JOSEPH, Director of Match Group Inc. (NASDAQ:MTCH) sold 52,865 shares of the firm on Jul 13 for a total worth of $8.74 million at a price of $165.40. An inside trade which took place on May 17, Director of Match Group Inc. MCDANIEL ANN sold 2,500 shares of firm against total price of $0.35 million at the cost of $138.82 per share.