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Match Group (MTCH, $144.59) get rating upgrade from BTIG analyst
Online dating services company Match Group’s shares got a rating boost from BTIG, citing valuation. Match is the owner of popular dating sites like Tinder, Match.com, and OkCupid.
BTIG analyst Jake Fuller raised his rating on Match to buy from neutral. Fuller has a price target of $175.
Fuller wrote that the year-to-date pullback is the immediate factor behind the rating upgrade. He also sees upside to second-half 2021 and 2022-2025 numbers due to re-opening tailwinds, new products, the Hyperconnect acquisition and emerging brand/live streaming opportunities.
"The pandemic depressed Tinder ARPU [average revenue per user]," but a rebounding economy will help, the analyst added. "While we don't see another Tinder, we do see a $1 billion-plus opportunity across MTCH's emerging brand portfolio and Hyperconnect should add several hundred million more to that."
MTCH in +11.12% Uptrend, rising for three consecutive days on May 13, 2022
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where MTCH advanced for three days, in 256 of 316 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
Current price $77.51 crossed the support line at $133.37 and is trading between $133.37 support and $64.85 support lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -18% Downtrend, while the week of 05/06/22 - 05/13/22 shows a +5% Uptrend.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MTCH's RSI Indicator exited the oversold zone, 20 of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 77%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 45 of 58 cases where MTCH's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 78%.
The Moving Average Convergence Divergence (MACD) for MTCH just turned positive on May 13, 2022. Looking at past instances where MTCH's MACD turned positive, the stock continued to rise in 39 of 52 cases over the following month. The odds of a continued upward trend are 75%.
MTCH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on April 07, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on MTCH as a result. In 66 of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 68%.
The 10-day Moving Average for MTCH crossed bearishly below the 50-day moving average on April 12, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 62%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MTCH declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 71%.
The Aroon Indicator for MTCH entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 60%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.64.
The Tickeron Valuation Rating of 1 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (17.641). P/E Ratio (80.645) is within average values for comparable stocks, (50.361). Projected Growth (PEG Ratio) (0.486) is also within normal values, averaging (4.062). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (7.564) is also within normal values, averaging (96.541).
The Tickeron PE Growth Rating for this company is 21 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 46 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock slightly better than average.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 61 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 65 (best 1 - 100 worst), indicating steady price growth. MTCH’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.
The average market capitalization across the Internet Software/Services Industry is 37.8B. The market cap for tickers in the group ranges from 1.1K to 1.5T. GOOG holds the highest valuation in this group at 1.5T. The lowest valued company is MSEZ at 1.1K.
The average weekly price growth across all stocks in the Internet Software/Services Industry was -3.92%. For the same Industry, the average monthly price growth was -12.83%, and the average quarterly price growth was -5.71%. NIROF experienced the highest price growth at 58.84%, while PRSNF experienced the biggest fall at -38.8%.
- 4/29/22 5:52 AM: Match Group (MTCH, $81.6) was a top weekly gainer, with a +5.07% jump
- 3/29/22 5:17 AM: Match Group (MTCH, $107.81) was a top weekly gainer, with a +7.78% jump
- 3/19/22 4:49 AM: Match Group (MTCH, $102.69) was a top weekly gainer, with a +16.1% jump
The average weekly volume growth across all stocks in the Internet Software/Services Industry was 23.5%. For the same stocks of the Industry, the average monthly volume growth was 16.55% and the average quarterly volume growth was 101.71%
- 3/9/22 8:02 AM: The volume for Match Group stock increased for one day, resulting in a record-breaking daily growth of 208% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 53%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.16.
80 stocks in the group of tickers exhibit a similar negative trend based on the TrendWeek indicator with an average likelihood of 81%.
The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:FB), NetEase (NASDAQ:NTES), Snap (NYSE:SNAP), Baidu (NASDAQ:BIDU), Twitter (NYSE:TWTR), Spotify Technology SA (NYSE:SPOT), Pinterest (NYSE:PINS), Zynga (NASDAQ:ZNGA).
The average market capitalization across the group is 33.4B. The market cap for tickers in the group ranges from 0 to 1.5T. GOOG holds the highest valuation in this group at 1.5T. The lowest valued company is AFFU at 0.
- 5/14/22 4:23 AM: Alphabet (GOOG, $2,330.31), market cap jumped by $44.1B
- 5/12/22 5:38 AM: Meta Platforms (FB, $188.74) saw a $93.8B market cap decrease this week
- 5/11/22 7:46 AM: Alphabet (GOOGL, $2,287.9), market cap jumped by $26.0B
The average weekly price growth across all stocks in the group was -4.79%. For the same group, the average monthly price growth was -17.54%, and the average quarterly price growth was -38.99%. MCHX experienced the highest price growth at 34.94%, while UPST experienced the biggest fall at -54.55%.
- 5/14/22 4:23 AM: VIZIO Holding (VZIO, $8.4) was a top weekly gainer, with a +8.11% jump
- 5/14/22 4:23 AM: Signify Health (SGFY, $13.12) was a top weekly gainer, with a +5.64% jump
- 5/14/22 4:23 AM: Opendoor Technologies (OPEN, $7.27) was a top weekly gainer, with a +8.35% jump
The average weekly volume growth across all stocks in the group was 420.08%. For the same stocks of the group, the average monthly volume growth was 467.92% and the average quarterly volume growth was 923.41%
- 5/14/22 4:17 AM: The volume for So-Young International stock increased for a consecutive 5 days, with an average daily gain of 140%
- 5/14/22 4:17 AM: The volume for China Index Holdings stock increased for two consecutive days, resulting in a record-breaking daily growth of 3,988% of the 65-Day Volume Moving Average
- 5/14/22 4:17 AM: The volume for My Size stock increased for one day, resulting in a record-breaking daily growth of 3,129% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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