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NASDAQ:MTCHMatch Group Stock Price, Forecast & News

$115.50
-0.15 (-0.13 %)
(As of 08/11/2020 04:00 PM ET)
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Today's Range
$114.87
Now: $115.50
$118.39
50-Day Range
$90.36
MA: $100.27
$120.71
52-Week Range
$87.56
Now: $115.50
$123.00
Volume2.58 million shs
Average Volume4.64 million shs
Market Capitalization$9.82 billion
P/E Ratio502.20
Dividend YieldN/A
Beta1.2
Match Group, Inc. provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc. offers its dating products through its applications and Websites in approximately 40 languages. The company was incorporated in 2009 and is headquartered in Dallas, Texas. Match Group, Inc. operates as a subsidiary of IAC/InterActiveCorp.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.15 out of 5 stars


Industry, Sector and Symbol

Industry Retail stores, not elsewhere classified
Sub-IndustryN/A
Current SymbolNASDAQ:MTCH
CUSIPN/A
Phone212-314-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.76 billion
Cash Flow$7.28 per share
Book Value$46.04 per share

Profitability

Net Income$431.13 million

Miscellaneous

Employees8,700
Market Cap$9.82 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$115.50
-0.15 (-0.13 %)
(As of 08/11/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Match Group (NASDAQ:MTCH) Frequently Asked Questions

How has Match Group's stock been impacted by COVID-19 (Coronavirus)?

Match Group's stock was trading at $63.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MTCH shares have increased by 83.3% and is now trading at $115.50.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Match Group?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Match Group in the last year. There are currently 7 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Match Group
.

When is Match Group's next earnings date?

Match Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Match Group
.

How were Match Group's earnings last quarter?

Match Group Inc (NASDAQ:MTCH) posted its earnings results on Tuesday, August, 4th. The technology company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The technology company earned $555.45 million during the quarter, compared to analyst estimates of $533.75 million. Match Group had a net margin of 1.99% and a return on equity of 8.99%. Match Group's revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS.
View Match Group's earnings history
.

What guidance has Match Group issued on next quarter's earnings?

Match Group issued an update on its third quarter 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $600 million, compared to the consensus revenue estimate of $574.97 million.

What price target have analysts set for MTCH?

19 brokers have issued 12 month price targets for Match Group's stock. Their forecasts range from $86.00 to $150.00. On average, they expect Match Group's stock price to reach $109.44 in the next twelve months. This suggests that the stock has a possible downside of 5.2%.
View analysts' price targets for Match Group
.

What are Wall Street analysts saying about Match Group stock?

Here are some recent quotes from research analysts about Match Group stock:
  • 1. According to Zacks Investment Research, "Match Group boasts of a robust portfolio of online dating services and enjoys a first mover’s advantage in the space. The company's increase in its average subscriber base, driven primarily by solid contribution from Tinder is a key catalyst. Sturdy synergies from Meetic, Match and PlentyOfFish bode well for the company. Increasing adoption of Tinder Gold subscription package is enabling Match Group to bolster subscriber growth. Notably, shares of the company have outperformed the industry in the past year. However, higher investments in Tinder amid competition from Facebook Dating are likely to limit margin expansion. Notably, the company is noticing a decline in new users above the age of 30 owing to the coronavirus pandemic, which is a headwind. Nonetheless, growing usage of video dating among younger users bodes well." (4/15/2020)
  • 2. SunTrust Banks, Inc. analysts commented, "We expect Tinder to once again print one of its best quarterly net adds ever, with further headroom to grow. Non-Tinder subs seem to have stabilized with legacy brands — Match and OkCupid, turning the corner given a bigger mktg push, while newer brands namely Harmonica are showing early promise. ST catalysts include pending divestiture from IAC and a buyback reload. MTCH’s 3Q19. For the last two quarters, Tinder has been the driving force behind the earnings beat by adding 503k and 384k net subscribers in 2Q19 and 1Q19, respectively. We believe 3Q19 is setting up to be another quarter with strong net adds (+450K) to build on the 5.2M aggregate Tinder subscribers reported last quarter." (9/5/2019)
  • 3. Aegis analysts commented, "We had called for a MTCH spin from IAC in our predictions for the year (link) and IAC’s management essentially laid out the case, in our opinion, that MTCH, rather than ANGI, is likely to be the next spin (although we would not rule out a dual-spin). MTCH as a standalone company should see increased investor interest, particularly from investors with longer-term horizons, and MTCH could support the stock with increased share buybacks. We tweaked our 3Q19 and 4Q19 revenue estimates but left the full-year revenue unchanged. on page 2.2 AEGIS CAPITAL CORP. Our price target is $105 Valuation Methodology Our price target is based on a sum-of-the parts valuation on Ex-Match Adj." (9/4/2019)

Has Match Group been receiving favorable news coverage?

Press coverage about MTCH stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Match Group earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about Match Group
.

Are investors shorting Match Group?

Match Group saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 11,960,000 shares, a decline of 71.5% from the June 30th total of 41,980,000 shares. Based on an average trading volume of 5,350,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 21.7% of the shares of the stock are sold short.
View Match Group's Short Interest
.

Who are some of Match Group's key competitors?

What other stocks do shareholders of Match Group own?

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

Who are Match Group's key executives?

Match Group's management team includes the following people:
  • Ms. Amanda W. Ginsberg, CEO & Director (Age 50)
  • Mr. Gary Swidler, Chief Financial Officer (Age 49)
  • Mr. Jared F. Sine, Chief Legal Officer & Sec. (Age 40)
  • Mr. Amarnath Thombre, Chief Exec. Officer of Match Group Americas (Age 46)
  • Ms. Sharmistha Dubey, Pres (Age 48)

When did Match Group IPO?

(MTCH) raised $433 million in an IPO on Thursday, November 19th 2015. The company issued 33,300,000 shares at $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.

What is Match Group's stock symbol?

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

Who are Match Group's major shareholders?

Match Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Jennison Associates LLC (2.48%), Jackson Square Partners LLC (2.09%), NN Investment Partners Holdings N.V. (2.08%), Macquarie Group Ltd. (1.96%), Bessemer Group Inc. (0.85%) and Rathbone Brothers plc (0.79%). Company insiders that own Match Group stock include Amanda Ginsberg, Ann Mcdaniel, Gary Swidler, Glenn Schiffman, Jared F Sine, Joseph Levin, Philip D Eigenmann and Sharmistha Dubey.
View institutional ownership trends for Match Group
.

Which major investors are selling Match Group stock?

MTCH stock was sold by a variety of institutional investors in the last quarter, including NN Investment Partners Holdings N.V., First Trust Advisors LP, PNC Financial Services Group Inc., Portsea Asset Management LLP, Scout Investments Inc., HighTower Advisors LLC, Mitsubishi UFJ Kokusai Asset Management Co. Ltd., and Optimal Asset Management Inc.. Company insiders that have sold Match Group company stock in the last year include Ann Mcdaniel, Gary Swidler, Glenn Schiffman, Jared F Sine, Joseph Levin, Philip D Eigenmann, and Sharmistha Dubey.
View insider buying and selling activity for Match Group
.

Which major investors are buying Match Group stock?

MTCH stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Jackson Square Partners LLC, Bessemer Group Inc., Macquarie Group Ltd., Russell Investments Group Ltd., Victory Capital Management Inc., US Bancorp DE, and Raymond James Financial Services Advisors Inc..
View insider buying and selling activity for Match Group
.

How do I buy shares of Match Group?

Shares of MTCH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Match Group's stock price today?

One share of MTCH stock can currently be purchased for approximately $115.50.

How big of a company is Match Group?

Match Group has a market capitalization of $9.82 billion and generates $4.76 billion in revenue each year. The technology company earns $431.13 million in net income (profit) each year or $4.53 on an earnings per share basis. Match Group employs 8,700 workers across the globe.

What is Match Group's official website?

The official website for Match Group is www.iac.com.

How can I contact Match Group?

Match Group's mailing address is 555 WEST 18TH STREET, NEW YORK NY, 10011. The technology company can be reached via phone at 212-314-7300 or via email at [email protected]

This page was last updated on 8/12/2020 by MarketBeat.com Staff

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