5 Best Depressed Stocks To Invest In

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In this article, we shall go through the 5 best depressed stocks to invest in. To read our comprehensive analysis of the market in 2022, go directly and see 11 Best Depressed Stocks To Invest In.

5. Match Group Inc. (NASDAQ:MTCH)

Number of Hedge Fund Holdings: 55

Share Price (as of August 15): $69.37

YTD Declines (as of August 15): 48.23%

Based in Dallas, Texas, Match Group, Inc. (NASDAQ:MTCH) is an American internet and technology company which owns and operates the largest global portfolio of popular dating services including Tinder, Match.com, Hinge, and PlentyOfFish. The company reported an EPS of -$0.11, trailing behind estimates of $0.53 by $0.64 in Q2 2022. Furthermore, Match Group, Inc. (NASDAQ:MTCH) posted a total revenue of almost $794.5 million in Q2 2022.

The company reported a 52-week low of $63.24 per share on August 3. However, analysts are certain that the current valuation provides an excellent entry point for investors, categorizing the headwinds as transitory. Of the 22 Wall Street analysts who reviewed Match Group, Inc. (NASDAQ:MTCH) since May 2022, 11 have conferred the stock with a Strong Buy rating while 8 have afforded it a Buy rating. On August 11, Deutsche Bank analyst Benjamin Black lowered the firm’s price target on Match Group, Inc. (NASDAQ:MTCH) to $85 from $100, maintaining a Buy rating on the stock. The analyst said that it seems the new leadership has officially hit the ‘reset’ button, a fact which is evident in the latest earnings of the company. With Hinge continuing to perform spectacularly, Black is positive of Match Group’s (NASDAQ:MTCH) long-term potential, as he believes that its historic best-in-class product innovation gives the company a significant competitive advantage.

Hedge fund sentiment around Match Group Inc. (NASDAQ:MTCH) has slightly risen in the first quarter of 2022, with 55 hedge funds long the stock, having a cumulative stake value of $1.9 billion. This is up from 53 hedge funds which mentioned Match Group Inc. (NASDAQ:MTCH) in their investment portfolios in Q4 2021, having a total stake of $2.4 billion.

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