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

31.40

Mkt cap

7.7B

Volume

3.6M

High

31.43

P/E Ratio

13.77

52-wk high

42.42

Low

30.66

Div yield

N/A

52-wk low

27.66

Keybanc analyst Justin Patterson maintains an Overweight rating on Match Group (MTCH) but lowers the price target from $50 to $46.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 1:50 pm

Earnings reports and a dovish Federal Reserve stance lifted stocks last week, with Apple and Amazon leading the charge. FactSet reports 80% of S&P 500 companies have exceeded earnings expectations. This week, attention turns to Disney, Palantir, Robinhood, and Reddit's debut report. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw gains, reflecting positive market sentiment.

Portfolio Pulse from Shanthi Rexaline

May 06, 2024 | 9:25 am

Meta Platforms Inc. introduced a 'Hidden Words' feature on Threads, allowing users to filter offensive content. Match Group's Hinge also launched a similar feature. Threads is enhancing user control with additional functionalities, including post quoting controls and notification muting. Meta's Threads has reached over 150 million monthly active users. The FTC is probing Meta's privacy practices, focusing on minors' data and facial recognition technology. Meta will shut down Threads in Turkey due to regulatory issues and has delayed its EU launch. Meta's stock has gained 111% over the last year, with exposure available through XLC and FCOM ETFs.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 12:34 pm

Raymond James analyst Andy Marok initiates coverage on Match Group (NASDAQ:MTCH) with a Market Perform rating.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 11:18 am

JPMorgan analyst Cory A. Carpenter discussed insights from a meeting with Match Group Inc's CEO, Bernard Kim, focusing on Tinder's strategy of incremental innovations and its impact on user engagement and conversion rates. The strategy includes tailored subscription offerings and localized features, aiming to enhance the user experience without major changes to its core swiping mechanism. Additionally, recent board additions at Match Group, including executives from Instacart and Zillow Group, signal a commitment to product and marketing innovation. Despite a downward revision in revenue estimates for the online dating industry, a positive long-term growth outlook is maintained.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 1:22 pm

Piper Sandler analyst Matt Farrell has reiterated an Overweight rating on Match Group (MTCH) and maintained a $45 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 12:57 pm

Match Group Holdings II has amended its credit agreement, establishing a $500M replacement revolving facility. This amendment, known as Amendment No. 9, modifies the original agreement from October 7, 2015, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:31 pm

Match Group, known by its ticker symbol MTCH, has attracted a second activist investor, Anson Funds, according to Bloomberg. This development could indicate potential changes in the company's strategy or management to address the concerns of these investors.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 5:03 pm

Match Group, known by its ticker symbol MTCH, has attracted a second activist investor, Anson Funds, according to Bloomberg. This development could signal potential changes in the company's strategy or management, as activist investors typically seek to influence a company's operations, financial strategies, or corporate governance to unlock shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 5:02 pm

At the Morgan Stanley Tech Conference, Match Group's CFO highlighted the impact of Apple's App Store fees on the company's margins, emphasizing that the 30% fee could be better invested in innovation rather than going to Apple.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:01 pm

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