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

U.S. stocks are set for a mixed open amid mixed earnings and anticipation of Federal Reserve officials' speeches. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed slight premarket movements. Arista Networks (ANET) saw a significant premarket jump following its earnings announcement, while other companies like Electronic Arts (EA) and Coupang (CPNG) experienced declines. The market's focus remains on central bank officials' comments on rates and inflation, with traders hopeful for rate cuts.

Portfolio Pulse from Shanthi Rexaline

May 08, 2024 | 11:13 am

Match Group shares are trading lower following the release of their Q1 financial results and the issuance of Q2 revenue guidance that fell below analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:50 pm

Match Group forecasts its Q2 2024 revenue to be between $850M and $860M, which is below the estimated $881.959M.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:15 pm

Match Group (NASDAQ:MTCH) reported Q1 2024 earnings of $0.44 per share, surpassing the consensus estimate of $0.41 by 7.32%. Quarterly sales reached $859.647 million, exceeding estimates by 0.48% and marking a 9.21% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:12 pm

US stocks are on track for a fourth consecutive session of gains despite hawkish comments from Fed's Kashkari, with the S&P 500, Nasdaq 100, and Dow Jones all seeing modest increases. Treasury yields fell, boosting bond ETFs like TLT. Palantir and Disney shares tumbled following disappointing guidance and performance, respectively. Other notable stock movements were influenced by earnings reports and rumors of partnerships.

Portfolio Pulse from Piero Cingari

May 07, 2024 | 5:18 pm

Wall Street shows mixed reactions as earnings from Disney and Palantir disappoint, with futures indicating a varied open. Disney's unexpected pre-market drop, despite profit, and Palantir's negative impact on tech stocks are in focus. Upcoming speeches by Federal Reserve officials and economic reports are also anticipated. SPDR S&P 500 ETF Trust and Invesco QQQ ETF show slight pre-market movements. Analysts remain optimistic about the bull market's return, citing lower interest rates and AI's ongoing relevance. Stocks like Lucid Group and Lumentum Holdings react to earnings announcements, while Rivian gains on Apple partnership rumors.

Portfolio Pulse from Shanthi Rexaline

May 07, 2024 | 11:26 am

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.