Match Group (MTCH), a foundational company in the digital dating industry, has recently been subject to fluctuating fortunes. Key information about the company’s performance includes the
fourth quarter and full-year results. It is noted that
Empowered Funds LLC acquired 250,531 shares in the group, adding to the shares bought by other companies such as Sumitomo Mitsui Trust Group Inc. and abrdn plc. However, the shares of the company have been
downgraded by HSBC Global Res and there are indications that the
shares are plunging. It is also noted that
Spencer Rascoff, Zillow's Co-Founder, has been appointed as the new CEO and that there's a pending lawsuit for
securities law violations against the company. Despite these drawbacks, the company still announced
initiation of dividend, and a new share buyback authorization. However, other reports indicate that the
shares look deeply undervalued, with a 12% yield projected through 2027.
Match Group MTCH News Analytics from Mon, 07 Oct 2024 07:00:00 GMT to Fri, 14 Feb 2025 23:44:58 GMT -
Rating -4
- Innovation -2
- Information 3
- Rumor -5
