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 -2.91% downward trend, sliding for three consecutive days on April 16, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MTCH declined for three days, in of 336 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MTCH as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MTCH turned negative on April 04, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
MTCH moved below its 50-day moving average on April 01, 2024 date and that indicates a change from an upward trend to a downward trend.
The Aroon Indicator for MTCH entered a downward trend on March 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MTCH advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .
MTCH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (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 (103.093) is normal, around the industry mean (19.638). P/E Ratio (15.894) is within average values for comparable stocks, (49.308). Projected Growth (PEG Ratio) (0.455) is also within normal values, averaging (3.441). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (3.131) is also within normal values, averaging (110.312).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 (best 1 - 100 worst), indicating fairly steady price growth. MTCH’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MTCH’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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.
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General Information
a provider of dating products
Industry InternetSoftwareServices