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.
MTCH's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for MTCH turned positive on May 18, 2023. Looking at past instances where MTCH's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 22, 2023. You may want to consider a long position or call options on MTCH as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
MTCH moved above its 50-day moving average on June 01, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where MTCH advanced for three days, in of 288 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
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 of 62 cases within the following month. The odds of a continued downward trend are .
MTCH broke above its upper Bollinger Band on June 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for MTCH entered a downward trend on May 10, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put 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 (21.666). P/E Ratio (36.364) is within average values for comparable stocks, (41.149). Projected Growth (PEG Ratio) (0.695) is also within normal values, averaging (3.365). Dividend Yield (0.000) settles around the average of (0.023) among similar stocks. P/S Ratio (3.589) is also within normal values, averaging (10.102).
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 Seasonality Score of (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 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 93, 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.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of dating products
Industry InternetSoftwareServices
MTCH and
Correlation & Price change
A.I.dvisor indicates that over the last year, MTCH has been loosely correlated with IAC. These tickers have moved in lockstep 58% of the time. This A.I.-generated data suggests there is some statistical probability that if MTCH jumps, then IAC could also see price increases.
| Ticker / NAME | Correlation To MTCH | 1D Price Change % | ||
|---|---|---|---|---|
| MTCH | 100% | +2.50% | ||
| IAC - MTCH | 58% Loosely correlated | +4.41% | ||
| FVRR - MTCH | 57% Loosely correlated | +2.84% | ||
| Z - MTCH | 56% Loosely correlated | +1.46% | ||
| ZG - MTCH | 56% Loosely correlated | +1.35% | ||
| GOOG - MTCH | 54% Loosely correlated | +0.69% | ||
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