Match Group (MTCH) recently announced its Q1 2024 earnings, revealing mixed results. Its shares were acquired and the stake lifted by
Victory Capital Management Inc., yet the shares were also sold by several entities such as
M&T Bank Corp and
Spire Wealth Management.
Goldman Sachs Group has assigned a new price target of $37.00, while
Deutsche Bank trims the target price to $38.00. Despite this, Match Group has made remarkable strides in innovation, as demonstrated in their partnership with
OpenAI and resonating in its Annual Impact Report. Notably, Match Group and
Garbo have ended their user background check partnership. Several estimates hint at a possible decline in earnings, but there were also reports of earnings beating estimates. Among the investors making moves, Anson Funds recently became the second activist investor attracted by the
Tinder owner. The overall sentiment seems to be cautious, suggesting that the market is waiting for more conclusive signs of recovery before committing fully to
Match Group.
Match Group MTCH News Analytics from Mon, 30 Oct 2023 07:00:00 GMT to Wed, 15 May 2024 16:20:35 GMT -
Rating -1
- Innovation 4
- Information 6
- Rumor 2
