Match Group Inc., the parent company of various online dating platforms sees an eventful period. It witnessed new board appointments, including
Laura Jones and Spencer Rascoff. There were significant stock investments, buying and selling from multiple asset management groups, investment management firms and wealth advisors.
Activist investor Elliott reportedly injected
$1B into the company, which potentially boosted its stock. The company has had its
Q1 & Q4 2023 and Q1 2024 earnings calls, with Q1 sales in line with estimates but underwhelming quarterly guidance.
Morgan Stanley has revised the
price target for Match Group to
$33.00. Match Group’s Tinder facing a decline in payer numbers yet Q1 results topped estimates. The company also faced some challenges with legal matters, with a lawsuit claiming that Match dating apps encourage compulsive use. The company also presents at the
Morgan Stanley Technology, Media & Telecom Conference and released its annual impact report. Despite facing debt concerns and lower spending on dating apps, it introduced a $500 monthly subscription for Tinder and encouraged users to verify their profiles. The overall sentiment seems mixed, with the company's prospects needing a boost.
Match Group MTCH News Analytics from Thu, 14 Sep 2023 07:00:00 GMT to Sun, 14 Jul 2024 17:43:18 GMT -
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