Match (MTCH, $113.51) disappoints in Q4 results
Match Group reported its fourth-quarter earnings, that fell short of analysts' expectations.
The dating app company incurred a loss of -$0.47 per share, compared to the Street expectations of earnings of $0.60 a share.
Revenue came in at $806 million in the quarter, below analysts’ expectation of $821 million. Total revenue per payer (RPP) rose +8% year over year to $16.16 million. RPP from the Americas, Europe, and APAC and Other increased 10%, 6% and 7%, respectively.
The company’s flagship brand, Tinder, had a +23% growth in revenues year-over-year. The app registered +22% growth over the year 2021.
Match Group projects first-quarter 2022 revenues to be in the range of $790-$800 million, indicating 18-20% growth from the prior-year quarter. This is below Zacks Consensus Estimate of $818.82 million.
The company expects adjusted operating income for the first quarter to be $260-$265 million.
For full year 2022, Match Group projects revenues to grow in the range of 15% to 20% from the year-earlier quarter.
Momentum Indicator for MTCH turns positive, indicating new upward trend
MTCH saw its Momentum Indicator move above the 0 level on May 20, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 95 similar instances where the indicator turned positive. In 86 of the 95 cases, the stock moved higher in the following days. The odds of a move higher are at 90%.
Current price $73.48 crossed the support line at $132.41 and is trading between $132.41 support and $59.60 support lines. Throughout the month of 04/25/22 - 05/25/22, the price experienced a -11% Downtrend, while the week of 05/18/22 - 05/25/22 shows a +2% Uptrend.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MTCH's RSI Indicator exited the oversold zone, 18 of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 69%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 46 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 79%.
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 44 of 52 cases over the following month. The odds of a continued upward trend are 85%.
Following a +6.72% 3-day Advance, the price is estimated to grow further. Considering data from situations where MTCH advanced for three days, in 253 of 313 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
MTCH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 72%.
The Aroon Indicator for MTCH entered a downward trend on May 19, 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 positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 57%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.8.
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 (17.596). P/E Ratio (76.336) is within average values for comparable stocks, (51.329). Projected Growth (PEG Ratio) (0.460) is also within normal values, averaging (4.027). Dividend Yield (0.000) settles around the average of (0.022) among similar stocks. P/S Ratio (7.168) is also within normal values, averaging (100.091).
The Tickeron PE Growth Rating for this company is 27 (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 50 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 92, 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 59 (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 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.
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 36.6B. The market cap for tickers in the group ranges from 1.1K to 1.5T. GOOGL 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 -4.87%. For the same Industry, the average monthly price growth was -12.58%, and the average quarterly price growth was -22.9%. BTIM experienced the highest price growth at 83.33%, while ELRE experienced the biggest fall at -76.45%.
- 5/17/22 6:52 AM: Match Group (MTCH, $75.75) was a top weekly gainer, with a +7.13% jump
- 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
The average weekly volume growth across all stocks in the Internet Software/Services Industry was 92.86%. For the same stocks of the Industry, the average monthly volume growth was 72.78% and the average quarterly volume growth was 284.9%
- 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 Aroon 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 54%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.29.
63 stocks in the group of tickers exhibit a similar negative trend based on the TrendMonth 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), Baidu (NASDAQ:BIDU), Twitter (NYSE:TWTR), Snap (NYSE:SNAP), Spotify Technology SA (NYSE:SPOT), Twilio (NYSE:TWLO), Pinterest (NYSE:PINS), Zillow Group (NASDAQ:Z).
The average market capitalization across the group is 42.5B. The market cap for tickers in the group ranges from 888.7K to 1.4T. GOOG holds the highest valuation in this group at 1.4T. The lowest valued company is SPFYF at 888.7K.
- 5/21/22 6:31 AM: Alphabet (GOOG, $2,186.26) saw a $97.6B market cap decrease this week
- 5/21/22 6:30 AM: Alphabet (GOOGL, $2,178.16) saw a $91.5B market cap decrease this week
- 5/19/22 8:24 AM: Alphabet (GOOG, $2,248.02), market cap dropped by $60.1B
The average weekly price growth across all stocks in the group was -2.02%. For the same group, the average monthly price growth was -15.96%, and the average quarterly price growth was -22.31%. SPFYF experienced the highest price growth at 63.28%, while ELRE experienced the biggest fall at -76.45%.
- 5/25/22 7:32 AM: Meta Platforms (FB, $181.28) was a top loser this week, declining -10.53%. Expect a Downtrend reversal
- 5/25/22 7:32 AM: iQIYI (IQ, $3.41) was a top loser this week, declining -7.34%
- 5/25/22 7:32 AM: Genius Sports (GENI, $2.71) is a top weekly loser for penny stocks, falling -15.05%
The average weekly volume growth across all stocks in the group was 374.85%. For the same stocks of the group, the average monthly volume growth was 359.28% and the average quarterly volume growth was 868.03%
- 5/25/22 7:27 AM: The volume for AutoWeb stock increased for a consecutive 5 days, with an average daily gain of 442%
- 5/24/22 6:55 AM: The volume for AutoWeb stock increased for four consecutive days, resulting in a record-breaking daily growth of 529% of the 65-Day Volume Moving Average
- 5/21/22 6:24 AM: The volume for Beachbody Company (The) stock increased for one day, resulting in a record-breaking daily growth of 246% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows