What’s in Match Group, Inc. (MTCH) After Reaching All-Time High?

April 17, 2018 - By Vivian Park

The stock of Match Group, Inc. (NASDAQ:MTCH) reached all time high today, Apr, 17 and still has $52.13 target or 8.00 % above today’s $48.27 share price. This indicates more upside for the $13.27 billion company. This technical setup was reported by Barchart.com. If the $52.13 PT is reached, the company will be worth $1.06B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 4.57% or $2.11 during the last trading session, reaching $48.27. About 1.19M shares traded. Match Group, Inc. (NASDAQ:MTCH) has risen 175.06% since April 17, 2017 and is uptrending. It has outperformed by 163.51% the S&P500.

Analysts await Match Group, Inc. (NASDAQ:MTCH) to report earnings on May, 1. They expect $0.19 earnings per share, up 137.50 % or $0.11 from last year’s $0.08 per share. MTCH’s profit will be $52.25 million for 63.51 P/E if the $0.19 EPS becomes a reality. After $0.25 actual earnings per share reported by Match Group, Inc. for the previous quarter, Wall Street now forecasts -24.00 % negative EPS growth.

Match Group, Inc. (NASDAQ:MTCH) Ratings Coverage

Among 4 analysts covering Match Group (NASDAQ:MTCH), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Match Group had 5 analyst reports since October 23, 2017 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, November 9. The rating was downgraded by Oppenheimer on Thursday, November 9 to “Market Perform”. As per Monday, October 23, the company rating was maintained by Barclays Capital. The stock has “Buy” rating by UBS on Thursday, November 9. BMO Capital Markets maintained Match Group, Inc. (NASDAQ:MTCH) on Thursday, November 9 with “Outperform” rating.

Match Group, Inc. provides dating products. The company has market cap of $13.27 billion. The firm operates in two divisions, Dating and Non-dating. It has a 40.87 P/E ratio. It operates a portfolio of approximately 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24.

Match Group, Inc. (NASDAQ:MTCH) Ratings Chart

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