Match Group (MTCH) Stock Forecast, Price & News

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Match Group in the last twelve months. There are currently 7 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MTCH shares.
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24 equities research analysts have issued 12 month target prices for Match Group's stock. Their MTCH share price forecasts range from $27.00 to $95.00. On average, they anticipate the company's share price to reach $59.14 in the next twelve months. This suggests a possible upside of 51.7% from the stock's current price.
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Match Group's stock was trading at $41.49 on January 1st, 2023. Since then, MTCH stock has decreased by 6.1% and is now trading at $38.97.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Match Group, Inc. (NASDAQ:MTCH) posted its quarterly earnings results on Tuesday, May, 2nd. The technology company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The technology company earned $787.12 million during the quarter, compared to analysts' expectations of $794.06 million. Match Group had a net margin of 9.51% and a negative trailing twelve-month return on equity of 116.87%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS.

ETFs with the largest weight of Match Group (NASDAQ:MTCH) stock in their portfolio include Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), SPDR S&P Internet ETF (XWEB), FMC Excelsior Focus Equity ETF (FMCX), Global X Social Media Index ETF (SOCL), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), BlackRock Future Innovators ETF (BFTR), Future Fund Active ETF (FFND) and Nuveen ESG Mid-Cap Growth ETF (NUMG).

Match Group updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $805.00 million-$815.00 million, compared to the consensus revenue estimate of $822.32 million.

44 employees have rated Match Group Chief Executive Officer Mandy Ginsberg on Glassdoor.com. Mandy Ginsberg has an approval rating of 91% among the company's employees. This puts Mandy Ginsberg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Match Group investors own include NVIDIA (NVDA), Shopify (SHOP), Netflix (NFLX), Alibaba Group (BABA), Walt Disney (DIS), Block (SQ), PayPal (PYPL), Tesla (TSLA), Trade Desk (TTD) and Salesforce (CRM).

(MTCH) raised $433 million in an initial public offering (IPO) on Thursday, November 19th 2015. The company issued 33,300,000 shares at a price of $12.00-$14.00 per share. J.P. Morgan, Allen & Company, BofA Merrill Lynch, Deutsche Bank Securities, BMO Capital Markets, Barclays and BNP PARIBAS acted as the underwriters for the IPO and Cowen and Company, Oppenheimer, PNC Capital Markets, SOCIETE GENERALE and Fifth Third Securities were co-managers.

Match Group trades on the NASDAQ under the ticker symbol "MTCH."

Match Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.80%), State Street Corp (4.39%), Price T Rowe Associates Inc. MD (3.60%), Flossbach Von Storch AG (2.90%), Sands Capital Management LLC (2.17%) and Ameriprise Financial Inc. (2.15%). Insiders that own company stock include Ann Mcdaniel, Bernard Jin Kim, Glenn Schiffman, Jared F Sine, Joseph Levin, Philip D Eigenmann, Thomas Mcinerney and Wendi Murdoch.
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Shares of MTCH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTCH stock can currently be purchased for approximately $38.97.

Match Group (NASDAQ:MTCH) has a market capitalization of $10.85 billion and generates $3.19 billion in revenue each year. The technology company earns $361.95 million in net income (profit) each year or $1.05 on an earnings per share basis.

The company employs 2,720 workers across the globe.

Match Group's mailing address is 8750 NORTH CENTRAL EXPRESSWAY SUITE 1400, DALLAS TX, 75231. The official website for the company is www.mtch.com. The technology company can be reached via phone at (214) 576-9352, via email at ir@match.com, or via fax at 212-314-7309.