Will Match Group, Inc. (MTCH) Surpass The Expectations That Analysts Have Set?

Match Group, Inc. (MTCH) shares saw a recent bid of $17.00 and 988.14TH shares have exchanged hands in the recent trading session, yielding a -11.04% decline over the past week. The stock price decreased -3.02% or $0.53 versus $17.53 at the end of the prior session. This change led market cap to move at $4.43B, putting the price -18.05% below the 52-week high and 25.46% above the 52-week low. The company’s stock has a normal trading capacity of 1.33M shares while the relative volume is 0.74.

To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $20.81 while $23.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $2.19 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $15.00, which would be decrease of about -12% of its current value. The mean target of $21.00 should be compared with the price when the stock was languishing around $13.55 a share. And it remains to be seen which target price MTCH can achieve without sacrificing much as the company is holding a 9.82% gain for the past twelve months.

By historical standards, Match Group, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts to 25.38 times earnings, below the average P/E ratio of 36.16 times earnings. Over the short term, some market observers may have noticed that Match Group, Inc. has a 26.62% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Match Group, Inc. has far performed well this year, with the share price down -0.58% since January. Over the past 2 quarters, the stock is down -6.49%, compared with a gain of nearly 2.72% for 3 months and about -13.18% for the past 30 days.

Last time, the company shocked Wall Street by reporting EPS of $0.12, smashing the consensus of $0.12 per share. Revenue for the quarter also did not kill consensus, coming in at $298.76M, compared to the consensus of 301.55M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.19. The company is expected to report EPS as high as $0.21 and as low as $0.16 per share. Similarly, full-year EPS forecasts have ranged between $0.71 and $0.88. The mean EPS estimate is $0.80. On the other side, sales forecasts for the current quarter are $310.15M. The stock is expected to report revenue as high as $312.22M and as low as $308M per share. Similarly, full-year sales forecasts have ranged between $1.27B and $1.3B. The mean revenue estimate is $1.28B.

Over the last 5 years, Match Group, Inc. has averaged a 0.00% YoY EPS growth rate. Analysts are expecting EPS growth rates to be at -2.40% this quarter and EPS estimate for next year reflect 24.50% growth rate.

Sell-side analysts also have something to say about this company. Aegis Capital analysts stated on 05/05/2017 that they maintained their Buy rating. Jefferies analysts stated on 18/04/2017 that they launched coverage on this stock with Buy rating. Piper Jaffray analysts stated on 04/04/2017 that they launched coverage on this stock with Overweight rating. Guggenheim had a markedly different take on 20/01/2017, proposing that Match Group, Inc. is now considered Neutral versus prior Buy rating.

Will Match Group, Inc. (MTCH) Surpass The Expectations That Analysts Have Set? was last modified: June 16th, 2017 by Edward Walker
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