Match Group Inc. has recently announced significant governance enhancements, as well as the appointment of Darrell Cavens to its board. However, there is volatility with their shares, which have been both rising and plunging. The company recently declared its first dividend and announced a new share buyback initiative. However, its Q4 earnings have missed estimates and its Q3 revenue under-performed predictions, leading to a 12.5% drop in stock price. The appointment of a new CEO has not had the positive expected outcome, leading to a soft sales outlook. Activist fund Anson Funds is planning a board shakeup due to performance concerns. Despite these performances, MTCH does seem to be value for money. The fate of the company hinges on the performance of Tinder. Match Group has started its first-ever dividend program, initiated a $1.5B share buyback plan, and its shares seem deeply undervalued with a significant yield. The MTCH stock shows some under-performance when compared to the Nasdaq and S&P 500, despite beating Q3 earnings estimates. However, MTCH is among the top stock picks in Paul Singer's latest portfolio.
Match Group MTCH News Analytics from Mon, 09 Sep 2024 07:00:00 GMT to Wed, 09 Apr 2025 18:03:54 GMT -
Rating 2
- Innovation 0
- Information 1
- Rumor -5
