Match Group Stock Price, News & Analysis (NASDAQ:MTCH)

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Match Group in the last twelve months. There are currently 6 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTCH shares.
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23 analysts have issued twelve-month target prices for Match Group's stock. Their MTCH share price targets range from $33.00 to $74.00. On average, they anticipate the company's share price to reach $51.50 in the next twelve months. This suggests a possible upside of 59.4% from the stock's current price.
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Match Group's stock was trading at $41.49 at the beginning of the year. Since then, MTCH stock has decreased by 22.1% and is now trading at $32.32.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 30th 2024.
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Match Group, Inc. (NASDAQ:MTCH) released its quarterly earnings results on Tuesday, October, 31st. The technology company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.04. The technology company had revenue of $882 million for the quarter, compared to analyst estimates of $879.85 million. Match Group had a net margin of 15.42% and a negative trailing twelve-month return on equity of 173.16%. Match Group's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share.

ETFs with the largest weight of Match Group (NASDAQ:MTCH) stock in their portfolio include Global X Social Media ETF (SOCL), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), Invesco S&P 500 Equal Weight Communication Services ETF (RSPC), SPDR S&P Internet ETF (XWEB), FMC Excelsior Focus Equity ETF (FMCX), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), iShares Virtual Work and Life Multisector ETF (IWFH) and BlackRock Future Innovators ETF (BFTR).

Match Group updated its fourth quarter 2023 earnings guidance on Tuesday, October, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $855.00 million-$865.00 million, compared to the consensus revenue estimate of $896.36 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 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's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (3.04%), Ameriprise Financial Inc. (2.83%), Flossbach Von Storch AG (2.62%), Boston Partners (2.54%), Sands Capital Management LLC (2.03%) and Brown Advisory Inc. (1.85%). Insiders that own company stock include Ann Mcdaniel, Bernard Jin Kim, Glenn Schiffman, Jared F Sine, Joseph Levin, Philip D Eigenmann 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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