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Match Group's (MTCH) fourth-quarter results will likely reflect strength in Tinder, Hinge and Azar. However, weakening demand in the United States may have been a concern.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Match Group (MTCH), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
Match Group (MTCH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Match Group is a leader in online dating apps, but the stock's performance has been lackluster.
DALLAS , Jan. 10, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) will webcast a conference call to review its fourth quarter 2023 financial results on Wednesday, January 31, 2024, at 8:30 a.m. Eastern Time (ET).
Match Group (NASDAQ:MTCH) Inc's stock price could get a lift in 2024 by important catalysts including an activist investor and a new Tinder CEO, Jefferies analysts asserted. In an update to clients, the analysts raised their price target on Match Group stock to $47 per share while maintaining a ‘Buy' rating, implying 20% upside from current levels, believing the stock will be rewarded more for accelerating user/revenue growth than cost-cutting.
Elliott Investment Management has reportedly built a $1 billion stake in Match Group. The activist investor has been known to request board seats and call for changes to executive leadership as part of its past campaigns.
Match (NASDAQ: MTCH ) stock opened higher by about 11% but has since given up most of its gains. This morning, the Wall Street Journal reported that Paul Singer's Elliott Management had invested approximately $1 billion into the dating services company.
Match Group (NASDAQ: MTCH ), the company behind popular dating apps like Tinder, is in focus today on reports that activist investor Elliott Investment Management has started to build a stake in the firm. Led by billionaire Paul Singer, Elliott is known as an “activist investor” and often pushes companies to implement significant changes.
Elliott Management has reportedly built a large stake in the Hinge- and Tinder-owner, and is seeking to overhaul the company's performance.