Match Group Inc. (NASDAQ:MTCH) went up by 0.94% from its latest closing price compared to the recent 1-year high of $159.53. The company’s stock price has collected 4.17% of gains in the last five trading sessions. Barron’s reported on 12/22/20 that IAC Stock Is Soaring on Its Plans to Spin Out Vimeo
Is It Worth Investing in Match Group Inc. (NASDAQ :MTCH) Right Now?
Match Group Inc. (NASDAQ:MTCH) scored a price-to-earnings ratio above its average ratio, recording 73.33 x from its present earnings ratio. Opinions of the stock are interesting as 10 analysts out of 20 who provided ratings for Match Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $146.89, which is -$9.8 below the current price. MTCH currently public float of 256.85M and currently shorts hold a 4.75% ratio of that float. Today, the average trading volume of MTCH was 2.16M shares.
MTCH’s Market Performance
MTCH stocks went up by 4.17% for the week, with a monthly jump of 4.67% and a quarterly performance of 39.46%, while its annual performance rate touched 72.78%. The volatility ratio for the week stands at 3.28% while the volatility levels for the past 30 days are set at 3.42% for Match Group Inc.. The simple moving average for the period of the last 20 days is 2.26% for MTCH stocks with a simple moving average of 42.87% for the last 200 days.
Analysts’ Opinion of MTCH
Many brokerage firms have already submitted their reports for MTCH stocks, with Barclays repeating the rating for MTCH by listing it as a “Equal Weight.” The predicted price for MTCH in the upcoming period, according to Barclays is $129 based on the research report published on January 04th of the current year 2021.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see MTCH reach a price target of $138. The rating they have provided for MTCH stocks is “Overweight” according to the report published on September 15th, 2020.
Goldman gave a rating of “Neutral” to MTCH, setting the target price at $86 in the report published on July 08th of the previous year.
MTCH Trading at 9.10% from the 50-Day Moving Average
After a stumble in the market that brought MTCH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.83% of loss for the given period.
Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares surge +7.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.75% upper at present.
During the last 5 trading sessions, MTCH rose by +4.17%, in comparison to the 20-day moving average, which settled at $152.10. In addition, Match Group Inc. saw 2.53% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at MTCH starting from LEVIN JOSEPH, who sale 260,261 shares at the price of $153.90 back on Dec 17. After this action, LEVIN JOSEPH now owns 35,000 shares of Match Group Inc., valued at $40,054,168 using the latest closing price.
Schiffman Glenn, the Director of Match Group Inc., sale 25,000 shares at $153.26 during a trade that took place back on Dec 16, which means that Schiffman Glenn is holding 9,898 shares at $3,831,526 based on the most recent closing price.
Stock Fundamentals for MTCH
Equity return is now at value 660.00, with 3.00 for asset returns.