In today’s recent session, 2.33 million shares of the Match Group Inc (NASDAQ:MTCH) have been traded, and its beta is 1.27. Most recently the company’s share price was $31.51, and it changed around -$1.54 or -4.64% from the last close, which brings the market valuation of the company to $7.91B. MTCH at last check was trading at a discount to its 52-week high of $42.42, offering almost -34.62% off that amount. The share price’s 52-week low was $27.66, which indicates that the recent value has risen by an impressive 12.22% since then. We note from Match Group Inc’s average daily trading volume that its 10-day average is 3.29 million shares, with the 3-month average coming to 4.27 million.

Match Group Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.90. If we narrow it down even further, the data shows that 0 out of 27 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 11 recommended MTCH as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Match Group Inc is expected to report earnings per share of 0.85 for the current quarter.

Match Group Inc (NASDAQ:MTCH) trade information

Instantly MTCH has been showing red trend so far today with a performance of -4.64% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 34.80 on recent trading dayincreased the stock’s daily price by 9.45%. The company’s shares are currently down -13.66% year-to-date, but still down -4.09% over the last five days. On the other hand, Match Group Inc (NASDAQ:MTCH) is -1.33% down in the 30-day period. We can see from the shorts that 19.65 million shares have been sold at a short interest cover period of 3.78 day(s).

The consensus price target as assigned by Wall Street analysts is $43.2, which translates to bulls needing to increase their stock price by 27.06% from its current value. Analyst projections state that MTCH is forecast to be at a low of $33 and a high of $53.

Match Group Inc (MTCH) estimates and forecasts

Match Group Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.50 percent over the past six months and at a -12.83% annual growth rate that is well below the industry average of 15.80%. The year-over-year growth rate is expected to be 3.71%, up from the previous year.

Consensus estimates provided by 21 financial analysts predict the company will bring in an average of 869.78M in revenue for the current quarter. 14 analysts expect Match Group Inc to make 872.13M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 866.23M and 859.65M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.41%. Forecasts for the next quarter put sales growth at 1.45%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.04%. Match Group Inc earnings are expected to increase by -12.47% in 2024, but the outlook is positive 23.92% per year for the next five years.

MTCH Dividends

Match Group Inc’s next quarterly earnings report is expected to be released in January. The average dividend yield for the past five years averaged 1.52 per year.

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

Upon looking at major shareholders, it appears that insiders hold 0.82% of Match Group Inc shares, and 107.44% of them are in the hands of institutional investors. The stock currently has a share float of 108.33%. Match Group Inc stock is held by 879.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.9084% of the shares, which is about 31.93 million shares worth $970.08 million.

BLACKROCK INC., with 7.4479% or 19.97 million shares worth $606.72 million as of 2024-06-30, holds the second largest percentage of outstanding shares.