Match Group, Inc. (MTCH) Stock Has a $190 Target Price From Truist

The MTCH stock price fluctuated between $159.36 and $161.96 throughout the trading session with the volume trading being 342717 shares, which represented a negative variation when compared to the three months average volume of 2M shares.

The share price of Match Group, Inc. (NasdaqGS:MTCH) dipped -1.74% to close Friday’s market session at $160.56, lower as compared to yesterday’s close which brings the market valuation of the company to $44.4B.

The 52-week high for the Match Group, Inc.’s shares is $174.68. That puts it -8.08% from that peak but still a 59.10% gain since the share price dropped to a 52-week low of $100.25, while the S&P 500’s share price change was of 35.10%.

The company currently has a 86.29 P/E ratio and a price target of $169.44.

What does the trading volume tell us about the MTCH stock?

During the last trading session, Match Group, Inc. (NasdaqGS:MTCH) has seen growth in its daily volume. The daily volume was of 2M, while in the last 10 days the average was 1.9M and last three months – 2.04M.
The increasing interest in the MTCH stock from the investors is helping to drive the stock price up.

Growing short interest

The Match Group, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 12.95M shares being shorted which translates into 6.71 of a short ratio for MTCH, while in the previous month the shorted shares were 12.12M.

Match Group, Inc. (NasdaqGS:MTCH) financials

With a market cap of 44.4B, Match Group, Inc. holds a total cash of $845.7M that translates into $3.13 per share, while the total debt is of $3.93B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 22.60%. The current revenue is of $2.51B that is $10.27 per share.
This is a great sign for a bright future.