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MTCH made in heaven

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Match Group Inc (MTCH)

Finding your MTCH on an exotic Royal Caribbean Cruises RCL destination sounds like every romantic's dream? Well, pre-COVID-19 it certainly was but what's in store for the latest additions to the EasyEquities platform.

A stock to watch, the Match Group owns and operates some of the most well-known online dating sites and has undoubtedly taken dating to the next level with brands like Tinder, Hinge and Match.com.

Click logo to view Match Group Inc. (MTCH) shares.
on EasyEquities

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Fundamentals

Like most businesses, Match Group also expects its first-quarter results to come in at the low end of guidance ranges. The company also stated in a COVID-19 update that predicting the rest of the year now would be premature although it does expect growth year-over-year.

The company did say in a statement that "Existing users, particularly under age 30, are increasingly turning to our products to cope and connect." Online dating service, Tinder has seen conversations and length of discussions on the increase since the outbreak started.

Match Group Inc. (MTCH) share overview:

  • Sector: Communication Services
  • Market Cap of $18.45 Billion
  • Dividend Yield: 0%
  • Price/Earnings (LTM): 36.1x
  • Next Earnings: May 5 2020
  • 1Y Return: 12.39%
  • 52 Week Range low of $47.35 and $92.45 per share high.

To neutralize the current lock down and social distancing environment, Match Group's dating app PlentyOfFish, the world’s largest global online dating app will partner Meet Group to provide a free live-streaming feature.

Dating apps are Big Business

This excerpt from Visual Capitalist’s article titledThe Rise of Online Dating, and the Company That Dominates the Marketsays it all. “Today, nearly all major dating apps are owned by the Match Group, a publicly-traded pure play that was spun out of IAC, a conglomerate controlled by media mogul Barry Diller.

Chart Life

The price action has seen wild swings due to the recent market volatility with the $46.33 per share support level as the level to watch if we see another leg lower. We would need to see a daily close above the $74.00 per share resistance level, coupled with positive sentiment to negate the current downturn.

MatchChart

 

Informed decisions

Match Group Inc.may not look like much now, but after the coronavirus pandemic passes, we might see them along with others return to their former glory. Match Group is already adapting to the current environment, which might just add to the pending rally to come.

Portfolio particulars

  • Portfolio Neutral (Current)*
  • Portfolio Buy opportunity: Neutral**
  • WhatsTheBeef long term target price: Neutral.

Know your company: Match Group Inc. (MTCH)

  • Match Group, Inc. is an American Internet company that owns and operates several online dating web sites including OkCupid, PlentyOfFish, Tinder, Hinge and Match.com.
  • Match Group went public on November 19, 2015, and trades on NASDAQ with the ticker symbol MTCH.
  • In August 2018, Tinder co-founder Sean Rad filed a $2 billion lawsuit against Match Group, claiming that Match Group and its parent company IAC purposely undervalued Tinder to avoid paying out stock options to the company's original team.

Click logo to view Match Group Inc. (MTCH) shares.
on EasyEquities

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Don’t miss next weeks look at the other new addition to the EasyEquities platform Royal Caribbean Cruises (RCL) which might be another diamond after COVID-19.

Source – EasyEquities, Match Group Inc, Koyfin, Seeking Alpha, Wikipedia

READ:
How to use EasyFX to invest in US stocks

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Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table

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Any opinions, news, research, reports, analyses, prices, or other information contained within this research is provided by Barry Dumas, Market Analyst at GT247 (Pty) Ltd t/a GT247.com (“GT247.com”) as general market commentary, and does not constitute investment advice for the purposes of the Financial Advisory and Intermediary Services Act, 2002. First World Trader (Pty) Ltd t/a EasyEquities (“EasyEquities”) and GT247.com do not warrant the correctness, accuracy, timeliness, reliability or completeness of any information received from third party data providers. You must rely solely upon your own judgment in all aspects of your investment and/or trading decisions and all investments and/or trades are made at your own risk. EasyEquities and GT247.com (including any of their employees) will not accept any liability for any direct or indirect loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on the market commentary. The content contained within is subject to change at any time without notice.The value of a financial product can go down, as well as up, due to changes in the value of the underlying investments. An investor may not recoup the full amount invested. Past performance is not necessarily an indication of future performance. These products are not guaranteed. Examples and/or graphs are for illustrative purposes only.