Could Match Group, Inc. (MTCH) Recover After Today’s Big Decline? | #blackpeoplemeet


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The stock of Match Group, Inc. (NASDAQ:MTCH) is a huge mover today! The stock decreased 0.84% or $0.59 during the last trading session, reaching $69.28. About 1.44M shares traded. Match Group, Inc. (NASDAQ:MTCH) has risen 124.54% since November 25, 2018 and is uptrending. It has outperformed by 124.54% the S&P500.
The move comes after 6 months negative chart setup for the $19.40B company. It was reported on Nov, 25 by Barchart.com. We have $67.20 PT which if reached, will make NASDAQ:MTCH worth $581.88 million less.

Analysts await Match Group, Inc. (NASDAQ:MTCH) to report earnings on February, 5. They expect $0.46 earnings per share, up 17.95 % or $0.07 from last year’s $0.39 per share. MTCH’s profit will be $128.78 million for 37.65 P/E if the $0.46 EPS becomes a reality. After $0.51 actual earnings per share reported by Match Group, Inc. for the previous quarter, Wall Street now forecasts -9.80 % negative EPS growth.

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

Among 8 analysts covering Match Group (NASDAQ:MTCH), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Match Group has $10600 highest and $7000 lowest target. $86.38’s average target is 24.68% above currents $69.28 stock price. Match Group had 15 analyst reports since July 26, 2019 according to SRatingsIntel. UBS downgraded the stock to “Neutral” rating in Thursday, August 8 report. On Thursday, August 8 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock of Match Group, Inc. (NASDAQ:MTCH) earned “Equal-Weight” rating by Barclays Capital on Thursday, November 7. As per Friday, November 8, the company rating was maintained by JP Morgan. The company was upgraded on Monday, October 7 by Deutsche Bank. The firm has “Buy” rating by Nomura given on Thursday, November 7. Nomura upgraded it to “Buy” rating and $8800 target in Monday, October 7 report. The stock has “Neutral” rating by Nomura on Thursday, August 8. The rating was upgraded by UBS on Thursday, November 7 to “Buy”. On Thursday, September 5 the stock rating was upgraded by SunTrust to “Buy”.

More notable recent Match Group, Inc. (NASDAQ:MTCH) news were published by: Nasdaq.com which released: “Can Issues in Power Ail General Electric’s (GE) Q3 Earnings? – Nasdaq” on October 28, 2019, also Finance.Yahoo.com with their article: “Should You Be Adding Match Group (NASDAQ:MTCH) To Your Watchlist Today? – Yahoo Finance” published on November 13, 2019, Fool.com published: “Market Swipes Left on Match Group’s Q3 Earnings – Motley Fool” on November 11, 2019. More interesting news about Match Group, Inc. (NASDAQ:MTCH) were released by: Nasdaq.com and their article: “Bumble’s Change in Ownership Might Spell Trouble for Match Group – Nasdaq” published on November 15, 2019 as well as Nasdaq.com‘s news article titled: “Did Investors Swipe Left on Match Group’s Stock Too Soon? – Nasdaq” with publication date: November 06, 2019.

Match Group, Inc. provides dating products. The company has market cap of $19.40 billion. The firm operates in two divisions, Dating and Non-dating. It has a 39.61 P/E ratio. It operates a portfolio of approximately 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet, and LoveScout24.

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