Match Group (MTCH)

• Market cap: $8.19B
• 1 day: -0.31%
• 5 days: -1.24%
• 1 month: -1.78%
• 3 months: -12.92%
• 6 months: 10.73%
• Year to date: -10.44%
• 1 year: -10.44%
• 5 years: -87.23%
• 10 years: -35.93%
• Sector: Information Technology
• Industry: Computer Programming, Data Processing, Etc.

About: Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Hinge, BLK, Chispa, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).

Employees: 2,620

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

288% more call options, than puts

Call options by funds: $563M | Put options by funds: $145M

19% more capital invested

Capital invested by funds: $8.3B [Q2] → $9.91B (+$1.62B) [Q3]

15% more funds holding in top 10

Funds holding in top 10: 13 [Q2] → 15 (+2) [Q3]

1% more first-time investments, than exits

New positions opened: 78 | Existing positions closed: 77

0% more funds holding

Funds holding: 559 [Q2] → 560 (+1) [Q3]

1.21% less ownership

Funds ownership: 102.83% [Q2] → 101.61% (-1.21%) [Q3]

16% less repeat investments, than reductions

Existing positions increased: 181 | Existing positions reduced: 215

Research analyst outlook

15 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $30 8% downside
• Avg. target: $36 11% upside
• High target: $53 63% upside

15 analyst ratings

• positive: 6 40%
• neutral: 9 60%
• negative: 0 0%

JP Morgan Cory Carpenter 65% 1-year accuracy 11 / 17 met price target	1% upside $33	Neutral Downgraded	18 Dec 2024
Jefferies James Heaney 78% 1-year accuracy 7 / 9 met price target	2% downside $32	Hold Downgraded	17 Dec 2024
Evercore ISI Group Shweta Khajuria 47% 1-year accuracy 8 / 17 met price target	7% upside $35	Outperform Maintained	13 Dec 2024
Piper Sandler Matt Farrell 56% 1-year accuracy 9 / 16 met price target	23% upside $40	Overweight Reiterated	12 Dec 2024
Loop Capital Laura Champine 64% 1-year accuracy 16 / 25 met price target	8% downside $30	Hold Maintained	12 Dec 2024