|Bid||49.01 x 800|
|Ask||50.62 x 900|
|Day's Range||49.80 - 51.25|
|52 Week Range||18.38 - 51.74|
|PE Ratio (TTM)||34.67|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||49.08|
One reason to think it might not: In Zuckerberg’s initial announcement, he said the dating service would be “for building real, long-term relationships—not just hookups.” That’s clearly a dig at Tinder, but it also suggests differentiation. Reviewers who have had a sneak peek at Facebook’s dating feature, now undergoing testing, describe it as having a mature look.
Now that Facebook is getting into online dating, is it time for stock investors to break up with Match Group? Its stock valuation is dominated by its 81% stake in Match Group (MTCH), best known for its Tinder dating app, and 86% ownership of ANGI Homeservices (ANGI), which makes matches of a different sort between, say, homeowners with leaky faucets and nearby plumbers with watertight reviews. Its stakes in Match and ANGI were recently worth more than $19 billion combined, based on market prices, whereas IAC recently traded at an enterprise value of around $17 billion.
IAC/InterActiveCorp rose 7 percent to the highest ever after earnings beat and a slew of bullish notes followed. Match, also at a record high, and ANGI helped push results higher.
There's one shorted stock in particular that market watchers are crushing on: Match Group MTCH . "Match is kind of interesting," Frank Cappelleri, chief market technician at Instinet, told CNBC's " Trading Nation " on Thursday. The online-dating company soared more than 17 percent on Wednesday following earnings for its best day since its 2015 public debut.
Match Group (MTCH), which owns dating platforms, including Tinder, saw its stock surge 17.3% on August 8. Match group generated a net income of $132.5 million, or $0.45 per share, in the second quarter. Tinder, Match Group’s crown jewel, added 299,000 paying subscribers in the second quarter, which was more than Match’s forecast of 200,000–250,000.
The Nasdaq composite eked out a small gain and small caps led the stock market Thursday, even after sellers swarmed in the closing moments.
Online dating site company Match Group (MTCH) recently reported their quarterly earnings. The company saw an increase in revenues by 36%, with 27% of it coming from its Tinder subscription rates.
Shares of Match Group (NASDAQ:MTCH) gained as much as 21% yesterday after the company reported that earnings tallied a solid 45 cents per share –almost triple last year’s total of 17 cents per share and a substantial 13 cents better than Wall Street’s consensus. For those less familiar, Match Group isn’t just the company responsible for match.com, which was launched over two decades ago. As more people turn to the internet and their phones for just about everything, Match Group has drawn in more and more customers — many of which are actually paying for premium versions of its platforms.
NEW YORK, NY / ACCESSWIRE / August 9, 2018 / Match Group saw its shares explode on Wednesday after beating on both the top and bottom line in the second quarter and revealing a big jump in Tinder subscribers. Shares of Ability Inc. also soared higher to see gains of over 100% despite any news or developments from the company. Match Group, Inc. shares closed up 17.28% on about 15.7 million shares traded on Wednesday.
IAC continues to benefit from strong results at its recent spin-offs. The New York-based media conglomerate posted better-than-expected second-quarter revenue and earnings numbers Wednesday, boosted by the performances of Match Group Inc. (MTCH) and Angi Homeservices Inc. (ANGI) The company has an 81% stake in Match and an 87% stake in Angi. IAC (IAC) posted revenue of $1.06 billion for the second quarter, up from $767.4 million a year earlier and ahead of the $1.02 billion FactSet consensus.
Stocks that moved substantially or traded heavily Wednesday: Match Group Inc., up $6.72 to $45.60 The online dating company's results were better than investors expected. Snap Inc., down 89 cents to $12.23 ...
Online media company IAC/InterActiveCorp's second-quarter revenue beat Wall Street expectations on Wednesday, boosted by growth in businesses, including digital home-services provider ANGI Homeservices ...
(Reuters) - Online media company IAC/InterActiveCorp's (IAC.O) second-quarter revenue beat Wall Street expectations on Wednesday, boosted by growth in businesses, including digital home-services provider ...
Major equity indexes took a break on Wednesday, but the stock market bulls continued to pile into top-rated internet content stocks.
Tesla fell back below a buy point after surging Tuesday on Elon Musk's go-private tweet. Snap stock whipsawed as users fell, following weakness in Facebook and Twitter. Match Group, Shutterfly, Applied Optoelectronics were big winners early.
Match stock jumped in late trading after the Tinder-app owner reported second-quarter profit and earnings that topped expectations.
The dating-site company posted a strong second quarter, topping analysts' estimates and bumping full-year revenue guidance higher.
A recent survey by Match.com found that the average single American spent $1,596 on dating in 2016. Yahoo Finance's Seana Smith, Jen Rogers, Dan Howley and Dion Rabouin discuss.