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Why To Invest In Match Group Inc. (NASDAQ: MTCH) Stock?

In the last trading session, 7.12 million Match Group Inc. (NASDAQ:MTCH) shares changed hands as the company’s beta touched 1.11. With the company’s per share price at $44.15 changed hands at $0.11 or 0.25% during last session, the market valuation stood at $12.25B. MTCH’s last price was a discount, traded about -40.09% off its 52-week high of $61.85. The share price had its 52-week low at $30.73, which suggests the last value was 30.4% up since then. When we look at Match Group Inc.’s average trading volume, we note the 10-day average is 4.23 million shares, with the 3-month average coming to 4.38 million.

Analysts gave the Match Group Inc. (MTCH) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.10. If we narrow down to specifics, the data shows that 0 out of 24 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 7 recommended MTCH as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. Match Group Inc.’s EPS for the current quarter is expected to be $Match Group, Inc..

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Match Group Inc. (NASDAQ:MTCH) trade information

Instantly MTCH was in green as seen at the end of in last trading. With action 0.23%, the performance over the past five days has been green. The jump to weekly highs of 44.87 on Friday, 09/15/23 added 0.25% to the stock’s daily price. The company’s shares are showing year-to-date upside of 6.41%, with the 5-day performance at 0.23% in the green. However, in the 30-day time frame, Match Group Inc. (NASDAQ:MTCH) is -1.45% down. Looking at the short shares, we see there were 10.78 million shares sold at short interest cover period of 2.32 days.

The consensus price target for the stock as assigned by Wall Street analysts is $56.57, meaning bulls need an upside of 21.96% from its current market value. According to analyst projections, MTCH’s forecast low is $44.00 with $97.00 as the target high. To hit the forecast high, the stock’s price needs a -119.71% plunge from its current level, while the stock would need to tank 0.34% for it to hit the projected low.

Match Group Inc. (MTCH) estimates and forecasts

Data shows that the Match Group Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.56% over the past 6 months, a 58.40% in annual growth rate that is considerably higher than the industry average of 22.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -3.80%. The 2023 estimates are for Match Group Inc. earnings to increase by 37.10%, but the outlook for the next 5-year period is at 29.92% per year.

MTCH Dividends

Match Group Inc. is expected to release its next quarterly earnings report in October.

Match Group Inc. (NASDAQ:MTCH)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.72% of Match Group Inc. shares while 100.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 100.82%. There are 100.10% institutions holding the Match Group Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 11.63% of the shares, roughly 32.35 million MTCH shares worth $1.35 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 10.33% or 28.72 million shares worth $1.2 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Blackrock Funds-Mid-Cap Growth Equity Portfolio. With 8.71 million shares estimated at $364.37 million under it, the former controlled 3.13% of total outstanding shares. On the other hand, Blackrock Funds-Mid-Cap Growth Equity Portfolio held about 2.41% of the shares, roughly 6.7 million shares worth around $231.17 million.

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