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Saturday, December 9, 2023

An Evaluation Of Match Group Inc. (NASDAQ: MTCH) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Match Group Inc. (MTCH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.03%, to $28.90. The Match Group Inc. has recorded 787,580 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Match Group Reports Third Quarter 2023 Results.

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Stocks Info

MTCH belongs to the Communication Services sector of the NASDAQ while operating in the Internet Content & Information industry. At the end of the last regular session, the stock closed at $28.89 and fluctuated between $30.23 as its day high and $28.86 as its day low. The current market capitalization of Match Group Inc. is $7.85B. A total of 5.35 million shares were traded on the day, compared to an average of 4.57M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MTCH has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 32,435 and the disposition of 11,120 shares. Over the last 12 months, there were 47 BUYs and 21 SELLs from insiders. Insiders purchased 350,489 shares during that period but sold 164,586.

In the most recent transaction, Schiffman Glenn bought 4,000 shares of MTCH for 29.11 per share on Nov 02. After the transaction, the Director now owns 22,243 company shares. In a previous transaction on Nov 01, Sine Jared F. sold 500 shares at 30.25 per share. MTCH shares that Chief Bus. Affairs & Leg. Off. owns now total 30,685.

Among the insiders who sold shares, Sine Jared F. disposed of 500 shares on Oct 02 at a per-share price of $39.00. This resulted in the Chief Bus. Affairs & Leg. Off. holding 31,185 shares of MTCH after the transaction. In another insider transaction, Sine Jared F. sold 500 shares at $47.38 per share on Sep 01. Company shares held by the Chief Bus. Affairs & Leg. Off. now total 31,685.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MTCH in the last 3 months, the mean price target is $43.41 with high estimates of $60.00 and low estimates of $30.00. In terms of 52-week highs and lows, MTCH has a high of $54.60 and a low of $27.85.

As of this writing, MTCH has an earnings estimate of $0.54 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $0.8 per share and a lower estimate of $0.45. The company reported an EPS of $0.42 in the last quarter, which was 2.40% higher than expectations of $0.41.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. MTCH’s latest balance sheet shows that the firm has $827.20M in Cash & Short Term Investments as of fiscal 2021. There were $3.93B in debt and $1.17B in liabilities at the time. Its Book Value Per Share was -$1.10, while its Total Shareholder’s Equity was -$194.58M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MTCH is Buy with a score of 4.43.

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