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

30.51

Mkt cap

7.7B

Volume

3.6M

High

31.20

P/E Ratio

15.32

52-wk high

38.84

Low

30.29

Div yield

0.01

52-wk low

27.66

Wolfe Research has initiated coverage on Match Group (NASDAQ:MTCH) with an Outperform rating and a price target of $36.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 10:27 am

Shares of Match Group (NASDAQ:MTCH) rose sharply in pre-market trading due to Starboard Value's 6.5% stake and potential advocacy for a sale. Other notable pre-market movers include Conduit Pharmaceuticals (NASDAQ:CDT), Meiwu Technology (NASDAQ:WNW), and AEON Biopharma (NYSE:AEON).

Portfolio Pulse from Avi Kapoor

July 16, 2024 | 9:51 am

Starboard Value, an activist hedge fund, has acquired over a 6.5% stake in Match Group Inc (NASDAQ:MTCH), the parent company of Tinder. The fund is pushing for policy changes to enhance margins or consider a sale if improvements are not seen. Match Group's stock surged nearly 9% in after-hours trading following the news.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 4:24 am

Citigroup analyst Ygal Arounian maintains a Neutral rating on Match Group (NASDAQ:MTCH) but lowers the price target from $34 to $33.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 2:30 pm

Hello Group Inc. (NASDAQ:MOMO) reported accelerating revenue declines in Q1, leading to a 14% drop in its stock price. Despite its profitability and global expansion efforts, the company faces significant internal and external challenges, including weak consumer sentiment and regulatory issues. Analysts remain cautiously optimistic, with a majority rating the stock as a 'buy' or 'strong buy'.

Portfolio Pulse from The Bamboo Works

May 31, 2024 | 2:52 pm

Bumble Inc (NASDAQ:BMBL) and Match Group Inc (NASDAQ:MTCH) are key players in the online dating market, each with distinct strategies. Bumble's recent app relaunch and acquisition of Geneva aim to enhance user experience and expand social connections. Match Group focuses on stabilizing Tinder's user trends and payers, with positive outlooks for Hinge. Both companies presented insights at the JPMorgan TMC Conference, highlighting their growth potential and strategic moves.

Portfolio Pulse from Surbhi Jain

May 22, 2024 | 12:58 pm

Susquehanna analyst Shyam Patil maintains a Positive rating on Match Group (MTCH) but lowers the price target from $46 to $45.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:45 am

UBS analyst Kunal Madhukar maintains a Neutral rating on Match Group (MTCH) and lowers the price target from $40 to $36.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:37 pm

RBC Capital analyst Brad Erickson maintains an Outperform rating on Match Group (NASDAQ:MTCH) but lowers the price target from $43 to $33.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:14 pm

TD Cowen analyst John Blackledge maintains a Buy rating on Match Group (MTCH) but lowers the price target from $46 to $44.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:22 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.