Streetbeat News

MTCH

Match Group, Inc.

https://www.mtch.com

Industry

Internet Content & Information

Match Group, Inc. provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

Open

32.09

Mkt cap

8B

Volume

24M

High

32.76

P/E Ratio

13.53

52-wk high

42.42

Low

30.61

Div yield

N/A

52-wk low

27.66

Match Group Inc's (MTCH) shares are trading higher by 4.2% following the company's Q3 financial results. The company reported earnings of 57 cents per share, surpassing the expected 54 cents, marking a 29.55% YoY increase. Quarterly sales were $881.6 million, slightly higher than the analyst estimate of $881.07 million, demonstrating an 8.9% YoY growth. However, the company’s preliminary 2024 revenue guidance was slightly below expectations, and the Q4 guidance came in lower due to geopolitical risk, FX and macro factors.

Portfolio Pulse from Henry Khederian

November 07, 2023 | 4:14 pm

Bumble Inc. (NASDAQ:BMBL) founder and CEO, Whitney Wolfe Herd, has announced her resignation after ten years. She will become the company's executive chair, with Lidiane Jones, current CEO of Slack, set to replace her. The news comes during a challenging time for online dating platforms, with Match Group (NASDAQ:MTCH) experiencing a slowdown in user growth and revenue, leading to a 36% drop in its stock value this year. Jones' experience at Salesforce Inc. (NYSE:CRM) and Microsoft Corp. (NASDAQ:MSFT) could help Bumble remain competitive.

Portfolio Pulse from Rounak Jain

November 07, 2023 | 12:37 pm

Susquehanna analyst Shyam Patil maintains a positive outlook on Match Group (NASDAQ:MTCH), but has lowered the price target from $55 to $39.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:49 pm

Truist Securities analyst Youssef Squali has maintained a 'Hold' rating on Match Group (NASDAQ:MTCH) but lowered the price target from $50 to $35.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:58 pm

Morgan Stanley analyst Lauren Schenk maintains an Overweight rating on Match Group (NASDAQ:MTCH) but lowers the price target from $97 to $55.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:43 pm

RBC Capital analyst Brad Erickson has maintained an 'Outperform' rating on Match Group (NASDAQ:MTCH), but lowered the price target from $52 to $33.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 5:57 pm

Keybanc analyst Justin Patterson maintains an Overweight rating on Match Group (NASDAQ:MTCH) but lowers the price target from $60 to $56.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:41 pm

Barclays analyst Mario Lu has maintained an Overweight rating on Match Group (NASDAQ:MTCH) but lowered the price target from $56 to $45.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 3:29 pm

The article lists the stocks that gained and lost the most in Wednesday's mid-day session. Notable gainers include Cellectis S.A. (NASDAQ:CLLS) due to strategic collaboration and investment agreements with AstraZeneca, and Patriot Transportation Holding, Inc. (NASDAQ:PATI) due to an acquisition agreement with United Petroleum Transports. Notable losers include WeWork Inc. (NYSE:WE) due to reports of nearing bankruptcy, and Paycom Software, Inc. (NYSE:PAYC) due to worse-than-expected third-quarter sales results and lowered FY23 revenue guidance.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 5:59 pm

During Wednesday's intraday session, several communication services stocks experienced significant movements. Oriental Culture Holding (OCG), GDEV, LQR House (LQR), VS Media Holdings (VSME), Motorsport Games (MSGM), and Onfolio Holdings (ONFO) saw gains, while Lumen Technologies (LUMN), Starbox Group Hldgs (STBX), Match Group (MTCH), NextPlay Technologies (NXTP), Qwest Corporation 6.5% Notes due 2056 (CTBB), and Qwest Corporation 6.75% Notes due 2057 (CTDD) experienced losses. LUMN and MTCH's Q3 earnings were released yesterday.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:31 pm

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