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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

Tinder, a subsidiary of Match Group (MTCH), has introduced a new ultra-premium subscription tier, Tinder Select, for its most active users. The subscription costs $499 per month and offers features like exclusive search and matching. The plan is invite-only and is offered to less than 1% of Tinder's most active users.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 6:54 pm

JP Morgan analyst Cory Carpenter maintains an Overweight rating on Match Group (NASDAQ:MTCH) and raises the price target from $55 to $60.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 1:18 pm

Google, a subsidiary of Alphabet Inc, has tentatively settled a class action suit for allegedly violating antitrust norms by overcharging customers on its U.S. Play Store. The financial terms of the settlement remain undisclosed. The lawsuit was brought by over 30 U.S. states and represented 21 million consumers. Google is also facing similar lawsuits for allegedly generating enormous profit margins from its Play Store through illegal tactics to preserve monopolies in selling Android apps and in-app goods. Match Group, Inc has also brought a claim.

Portfolio Pulse from Anusuya Lahiri

September 06, 2023 | 12:58 pm

Bumble Inc (NASDAQ: BMBL) is taking steps to combat issues related to bots, spam, ghosting, and doxing on its platforms, including Badoo. The company has introduced measures to maintain user experience integrity, including prohibiting artificial manipulation of connections, matching, conversations, or engagement. Bumble has blocked over 8.2 million accounts this year using AI-driven detection mechanisms. The company is also addressing ghosting and doxing issues, categorizing them as violations of its policies.

Portfolio Pulse from Anusuya Lahiri

September 01, 2023 | 3:05 pm

Entravision Communications Corp (EVC) has partnered with Match Group Inc (MTCH) to become the exclusive sales partner across Africa. EVC has created a local team in South Africa to boost sales and aid customers in deploying their advertising investments across digital technologies. The financial terms of the deal were not disclosed.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 2:57 pm

Entravision Communications Corporation (EVC) has announced an exclusive sales partnership with Match Media Group (MTCH) for Africa. The partnership aims to expand the reach of both companies in the African market.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 6:28 am

Bumble Inc's CEO, Whitney Wolfe Herd, suggests that AI could enhance the dating experience, especially for those who struggle with social interactions. She envisions AI finding romantic partners and platonic relationships. Bumble has introduced a separate BFF app to facilitate friendships. Bumble's shares traded higher by 1.41% at $16.55 on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 5:00 pm

Benzinga's options activity scanner has identified significant options activity in the Communication Services sector. The stocks involved include Meta Platforms (META), FuboTV (FUBO), Sirius XM (SIRI), Netflix (NFLX), Activision Blizzard (ATVI), Match Group (MTCH), AT&T (T), Alphabet (GOOG), Verizon (VZ), and Roku (ROKU). The options activity ranges from neutral to bearish and bullish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 5:35 pm

Traders are circulating a rumor from Gordon Haskett's Bilson that a big activist is in Match Group (MTCH), based on Nomura 13F who was a hidden buyer. A number of activists have used Nomura in the past.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 1:54 pm

Susquehanna has maintained its Positive rating for Match Group (NASDAQ:MTCH) and increased its price target from $48.00 to $55.00. This would represent a 19.59% increase from the current share price. Match Group's shares have risen by 0.52% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 1:59 pm

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