MTCH Stock Summary and Trading Ideas (Match Group | NASDAQ:MTCH)

Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Hinge, BLK, Chispa, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).

Match Group trades on the NASDAQ stock market under the symbol MTCH.

As of April 22, 2024, MTCH stock price declined to $31.96 with 3,200,500 million shares trading.

MTCH has a beta of 0.91, meaning it tends to be less sensitive to market movements. MTCH has a correlation of 0.08 to the broad based SPY ETF.

MTCH has a market cap of $8.57 billion. This is considered a Mid Cap stock.

Last quarter Match Group reported $866 million in Revenue and $.81 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.32.

In the last 3 years, MTCH stock traded as high as $182.00 and as low as $27.85.

The top ETF exchange traded funds that MTCH belongs to (by Net Assets): VTI, VB, VOO, XLC, VBK.

MTCH has underperformed the market in the last year with a price return of -9.0% while the SPY ETF gained +22.3%. MTCH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.4% and -5.2%, respectively, while the SPY returned +3.9% and -3.6%, respectively.

MTCH support price is $31.47 and resistance is $32.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTCH stock will trade within this expected range on the day.