Does Match Group Inc. (MTCH) offer a good opportunity for investors?

Match Group Inc. (NASDAQ: MTCH) stock fell -2.05% on Wednesday to $33.97 against a previous-day closing price of $34.68. With 6.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.7 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $34.99 whereas the lowest price it dropped to was $33.76. The 52-week range on MTCH shows that it touched its highest point at $87.46 and its lowest point at $30.73 during that stretch. It currently has a 1-year price target of $52.82. Beta for the stock currently stands at 1.09.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MTCH was up-trending over the past week, with a rise of 7.53%, but this was up by 2.41% over a month. Three-month performance dropped to -22.16% while six-month performance fell -27.69%. The stock lost -54.78% in the past year, while it has lost -18.12% so far this year. A look at the trailing 12-month EPS for MTCH yields 1.04 with Next year EPS estimates of 2.45. For the next quarter, that number is 0.44. This implies an EPS growth rate of 37.10% for this year and 24.09% for next year. EPS is expected to grow by 39.06% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.80%.

Float and Shares Shorts:

At present, 279.26 million MTCH shares are outstanding with a float of 277.47 million shares on hand for trading. On Apr 27, 2023, short shares totaled 13.42 million, which was 4.82% higher than short shares on Mar 30, 2023. In addition to Mr. Bernard J. Kim as the firm’s CEO & Director, Mr. Gary Swidler serves as its Pres & CFO.

Institutional Ownership:

Through their ownership of 97.84% of MTCH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.01% of MTCH, in contrast to 5.03% held by mutual funds. Shares owned by individuals account for 38.98%. As the largest shareholder in MTCH with 11.08% of the stake, The Vanguard Group, Inc. holds 30,946,866 shares worth 30,946,866. A second-largest stockholder of MTCH, Edgewood Management LLC, holds 16,172,812 shares, controlling over 5.79% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in MTCH, holding 15,956,822 shares or 5.71% stake. With a 3.10% stake in MTCH, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 8,668,738 shares are owned by the mutual fund manager. The Advisors Inner Circle – Edgewood, which owns about 3.10% of MTCH stock, is the second-largest Mutual Fund holder. It holds 8,648,235 shares valued at 319.12 million. BlackRock Mid Cap Growth Equity P holds 2.40% of the stake in MTCH, owning 6,700,633 shares worth 247.25 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, MTCH reported revenue of $794.51M and operating income of -$10.08M. The EBITDA in the recently reported quarter was $236.24M and diluted EPS was -$0.11.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MTCH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With MTCH analysts setting a high price target of $95.00 and a low target of $35.00, the average target price over the next 12 months is $52.00. Based on these targets, MTCH could surge 179.66% to reach the target high and rise by 3.03% to reach the target low. Reaching the average price target will result in a growth of 53.08% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded MTCH stock several times over the past three months with 5 Buys and 5 Sells. In these transactions, 38,021 shares were bought while 37,432 shares were sold. The number of buy transactions has increased to 51 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 324,190 while 143,692 shares were sold.

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