Match Group (MTCH), known for its flagship dating platform Tinder, has been a subject of mixed business news in recent times. The online dating giant recently announced the initiation of their first-ever
Dividend Program and a
$1.5 billion Share Buyback Plan. However, while Match Group reported a robust Q3 earnings beat, the firm’s stock dropped 12.5% post-revenue estimates miss. Investor sentiment has been further strained by a pending class-action lawsuit filed by Kahn Swick & Foti, LLC and Levi & Korsinsky for shareholders with losses exceeding $100,000. Apart from that, MTCH is facing investor scrutiny over
Tinder's declining trends and plans to expand Hinge. Amid these developments, there have been multiple movements in the market related to MTCH stocks.
Nordea Investment Management AB acquired 866,026 shares of Match Group, and Oak Thistle LLC has a $249,000 stake in the company. Meanwhile, investors watch keenly to see if BTIG’s move to cut rating on MTCH as Tinder is turning around. Finally, the activists' push has led to a worsening decline in Tinder payers.
Match Group MTCH News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Sat, 18 Jan 2025 09:00:05 GMT -
Rating 5
- Innovation 2
- Information 5
- Rumor -2
