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

Match Group reported Q3 earnings of $0.57 per share, a 29.55% increase from last year. The company's quarterly sales were $881.60 million, beating the analyst consensus estimate of $881.07 million by 0.06% and marking an 8.90% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:46 pm

Google has reached a settlement agreement with Match Group, according to a spokesperson from Google. The details of the settlement were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:36 pm

Match Group Inc (NASDAQ:MTCH) is set to report its Q3 earnings on Oct. 31. The company generates revenue through subscription services, in-app purchases, and advertising. Wall Street analysts expect Match Group to report $0.54 in EPS and $881.14 million in revenue for Q3. The stock is currently trading at a P/E of 12.1. Over the past month, the stock has fallen by over 10% but was trading 1.75% higher to $34.64 at the time of publication.

Portfolio Pulse from Surbhi Jain

October 31, 2023 | 2:24 pm

Match Group (NASDAQ:MTCH) is set to release its quarterly earnings report on October 31, 2023. Analysts estimate an earnings per share (EPS) of $0.54. The company's past performance shows a pattern of share price drops following earnings beats. The stock is currently trading at $33.98, down 22.55% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 7:02 pm

Tinder, owned by Match Group Inc. (NASDAQ:MTCH), has launched a new feature called Matchmaker. This feature allows users to share potential matches with up to 15 friends or family members for their insights and recommendations. The feature is currently available in various countries, with plans for a global rollout.

Portfolio Pulse from Rounak Jain

October 24, 2023 | 9:43 am

Keybanc analyst Justin Patterson maintains an Overweight rating on Match Group (NASDAQ:MTCH) but lowers the price target from $62 to $60.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 8:09 am

10 analysts have provided ratings for Match Group (NASDAQ:MTCH) within the last quarter, with 2 being bullish, 6 somewhat bullish, and 2 indifferent. The average price target is $59.11, implying an upside from the current price of $36.32. This average price target has increased by 3.45% over the past month.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:00 pm

Benzinga's options activity scanner has identified significant options activity in 10 Communication Services stocks. The stocks include META, SIRI, DIS, GOOGL, PARA, NFLX, MTCH, SNAP, GOOG, and NXST. The options activity ranges from bullish to bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 5:35 pm

Alphabet Inc.'s CEO Sundar Pichai and Epic Games Inc. CEO Tim Sweeney are set to testify in a landmark antitrust trial regarding Google Play's potentially monopolistic policies. The trial, initiated by Epic Games, could reshape the app marketplace and put billions of dollars in revenue at risk. Google also faces antitrust challenges from consumers, nearly three dozen states, and Match Group Inc.

Portfolio Pulse from Nabaparna Bhattacharya

October 07, 2023 | 7:31 pm

Match Group (NASDAQ:MTCH) has received 9 analyst ratings in the last quarter, with 1 being bullish, 6 somewhat bullish, and 2 indifferent. The average 12-month price target for the company is $59.9, an increase of 4.83% from the previous average of $57.14.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 9:00 pm

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.