MTCH - Match Group, Inc.
| Previous Close | 76.46 |
| Open | 77.33 |
| Bid | 75.55 x 900 |
| Ask | 76.10 x 1000 |
| Day's Range | 75.69 - 79.30 |
| 52 Week Range | 33.30 - 79.30 |
| Volume | 2,385,766 |
| Avg. Volume | 1,716,966 |
| Market Cap | 21.371B |
| Beta (3Y Monthly) | 0.05 |
| PE Ratio (TTM) | 44.88 |
| EPS (TTM) | 1.69 |
| Earnings Date | Aug 6, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2018-12-04 |
| 1y Target Est | 68.59 |
- Bloomberg•2 days ago
Tinder Bypasses Google Play Joining Revolt Against App Store Fee
(Bloomberg) -- Tinder joined a growing backlash against app store taxes by bypassing Google Play in a move that could shake up the billion-dollar industry dominated by Google and Apple Inc.The online dating site launched a new default payment process that skips Google Play and forces users to enter their credit card details straight into Tinder’s app, according to new research by Macquarie analyst Ben Schachter. Once a user has entered their payment information, the app not only remembers it, but also removes the choice to swap back to Google Play for future purchases, he wrote.“This is a huge difference," Schachter said in an interview. “It’s an incredibly high-margin business for Google bringing in billions of dollars," he said.The shares of Tinder’s parent company, Match Group Inc., spiked 5% when Schachter’s note was published on Thursday. Shares of Google parent Alphabet Inc. were little changed.Apple and Google launched their app stores in 2008, and they soon grew into powerful marketplaces that matched the creations of millions of independent developers with billions of smartphone users. In exchange, the companies take as much as 30% of revenue. The app economy is expected to grow to $157 billion in 2022, according to App Annie projections.As the market expands, a growing revolt has been gaining steam over the past year. Spotify Technology SA filed an antitrust complaint with the European Commission earlier this year, claiming the cut Apple takes amounts to a tax on competitors. Netflix Inc. has recently stopped letting Apple users subscribe via the App Store and Epic Games Inc. said last year it wouldn’t distribute Fortnite, one of the world’s most popular video games, through Google Play.Match declined to answer questions about whether the company was also investigating bypassing Apple’s App Store. Match is expected to discuss the payment flow change with analysts and investors during its next earnings call on Aug. 6.“At Match Group, we constantly test new updates and features to offer convenience, control and choice to our users," Justine Sacco, a spokeswoman for Match, wrote in an email. “We will always try to provide options that benefit their experience and offering payment options is one example of this."Google didn’t immediately respond to requests for comment.Of the high-profile companies that have shunned the App store, Match is the only one that has changed the payment method in-app, Schachter noted. Others have instead forced subscribers back to their own websites to enter payment information.Tinder’s move could spark a domino effect.“Tinder is relatively small and it won’t have a massive impact, but the concern is if this grows and gets into gaming apps as it starts moving forward," Schachter said. “We’re going to see a lot of other companies potentially trying to experiment with this."\--With assistance from Mark Bergen.To contact the reporter on this story: Olivia Carville in New York at ocarville1@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MoneyShow•2 days ago
Match Group MTCH- 2019 Top Picks' Mid-Year Update
Jim Woods, editor of Bullseye Stock Trader, chose Match Group (MTCH) as his top speculative idea for 2019. The stock has since risen 57%. Here's his latest update on this leader in the online dating market.
- Investor's Business Daily•3 days ago
IBD Stock Of The Day: Match Stock Jumps As Tinder App Could Bypass Google
Match stock jumped Thursday as an analyst said the owner of the Tinder dating app could add revenue to its coffers by bypassing the Google Play store when it comes to mobile devices.
- Yahoo Finance•3 days ago
Why an entrepreneur launched a dating app specifically for people with autism
Hiki, a new dating app, is vying for a specific certain audience looking for love or friendship — individuals with autism.
- PR Newswire•4 days ago
Match Group to Audiocast Q2 2019 Earnings Conference Call
DALLAS , July 17, 2019 /PRNewswire/ -- Match Group (NASDAQ: MTCH) will audiocast a conference call to review its second quarter 2019 financial results on Wednesday, August 7, 2019 at 8:30 a.m. Eastern ...
- Zacks•6 days ago
Match Group (MTCH) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Match Group (MTCH) closed at $73.08, marking a +0.07% move from the previous day.
- Investor's Business Daily•6 days ago
CyberArk Breaks Out; Twitter, Salesforce Lead Top Stocks Near Buy Points
CyberArk broke out Monday. Twitter, Salesforce.com, Match Group and Autodesk are near buys. All are above key support and in bullish groups.
- InvestorPlace•6 days ago
7 Services Stocks to Buy for the Rest of 2019
One of the biggest contributing factors for Donald Trump's electoral victory in 2016 was fear. Like a marketing expert, the then-real estate mogul tapped into underlying industrial blue-collar concerns about job displacement; hence, we heard topics such as coal that haven't been raised in quite some time. But the overriding reality is that nominally, nothing beats the service sector. Logically, then, you should consider adding services stocks to your portfolio.If you look at the numbers, it's not a foreign "other" that's creating a paradigm shift in the blue-collar workspace. Instead, the advent of technologies such as the internet, digitalization, and e-commerce have sparked massive opportunities in the service sector. According to the U.S. Census Bureau, this entire segment generated $15.5 trillion at the end of 2017. That alone is enough reason to justify pushing services stocks to buy.It's also quite telling that a majority of the sub-segments within the service industry are primarily white-collar occupations. Categories like information, finance and insurance, and even arts, entertainment, and recreation produced relatively strong single-digit revenue growth. On the other hand, areas such as utilities, and transportation and warehousing, suffered conspicuous declines.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnsurprisingly, economic components like the latter two categories are most at risk for automation. Of course, that represents a significant concern for the labor market. However, as an investor toward services stocks, automation can be a wonderful tool to maintain relevancy. * 7 Dependable Dividend Stocks to Buy Automation or not, the best part about the service sector is its broad reach. Unlike other lists of stocks to buy, you will almost surely find something to like.With that, here are seven services stocks to order up for the rest of the year. Ventas (VTR)Anytime you're pondering the best stocks to buy, you go where the demand is. In the case of healthcare real-estate investment trust Ventas (NYSE:VTR), no matter how advanced technology becomes, it can never replace the human element involved in senior-living provisions. Although this segment has been quite choppy in recent years, VTR stock shows significant fundamental promise.For one thing, we're on the cusp of a dramatic demographic shift. Following the end of World War II, people got, well, busy. That resulted in an unprecedented surge in population size. And because of this dynamic, we're seeing 10,000 Americans turn 65 years old daily. In a few more years, these individuals may consider senior-assisted living, which bolsters the case for VTR stock.Moreover, Ventas may organically benefit from political tailwinds. Developments within the Medicare Advantage program suggest that seniors will have greater access to federal funds for senior-care residential expenses. This implies a greater willingness to use senior services, which obviously assists VTR stock. Service Corporation (SCI)I love stocks that focus on the retirement sector. That said, no matter how much we take care of our seniors, they will eventually die. Given this inevitability, we have two choices: we can pretend that death won't affect us, or we can proactively strategize for it. Either way, you're going to die too. And this is the brutal investment thesis behind Service Corporation (NYSE:SCI) and SCI stock.Before we dive in, I must admit that I don't like buying into shares on a hot streak. Year-to-date, SCI stock is up nearly 19%, thus explaining my hesitancy. Moreover, SCI has exceeded its prior all-time high during the late 1990s. Plus, there are some rumblings about competition threatening the top players. With all that said, I'm long-term bullish. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond As I mentioned earlier, it's a simple and brutal proposition. A recession - if it occurs - won't stop people from dying. Indeed, it might accelerate deaths nationwide. Cynically, this benefits SCI stock. Furthermore, we have a wave of humanity from the baby boom that will say their last goodbyes. I think there's more than enough "demand" to satisfy market players. H&R Block (HRB)We've all heard this adage: nothing is certain but death and taxes. In most cases in which this statement is uttered, it's a reflection of life's cruel inevitabilities. But for someone looking for viable services stocks to buy, it's a brilliant (and free) piece of advice. If you're squeamish about death care, you should try your hand at tax care with H&R Block (NYSE:HRB) and HRB stock.As my friend and InvestorPlace colleague Will Ashworth wrote, I see potential with HRB stock. Sure, it's a tough road. H&R Block doesn't have the greatest financials. And to Ashworth's countering arguments, the company faces competitive threats from fintech innovations. But with the massive shift toward the "gig economy," the demand for HRB's services will only rise.Plus, I have a quick word about fintech innovations. I'm a smart guy, but there are two things that drive me insane: deciphering healthcare policies and taxes. Last year, the tax code changed and it was a nightmare to finish my obligatory payments to Uncle Sam. That's a sentiment shared by many others. The point is, interacting with an app or program is the last thing I want to do on April 15.In other words, get me a human. Get me HRB stock. RCI Hospitality (RICK)When you invest, you really should adopt an agnostic viewpoint: you want to focus on the numbers and the broader fundamentals. With that in mind, when one of the best services stocks to buy is RCI Hospitality (NASDAQ:RICK).How do I describe the underlying business of RICK stock without triggering unwanted attention? Let's just say that RCI specializes in upscale rhythmic-gyration establishments. These are services that you've never advantaged, but you know many friends that do.All joking aside, the pulsating action that occurs here is serious stuff. You know what they say about the "intimacy" industry being recession-proof? Nothing is truly recession proof, of course, but this particular service performed remarkably well in the last major downturn. With questions sprouting about the current economy, this is a good reason to buy RICK stock. * 10 Stocks to Sell for an Economic Slowdown The other is that shares are on deep discount. On a YTD basis, RICK stock has lost nearly 19%. However, I don't see this lasting because of this sector's obvious demand base. Match Group (MTCH)When used correctly and safely, online dating is a wonderful experience for many reasons. Primarily, it's the culmination of the marriage between technology and tradition. After all, a successful outcome typically leads to expanded families and more humans on the earth.Secondly, online dating gives dorks like me a chance to do the latter. I have a special place in my heart for Match Group (NASDAQ:MTCH). But does that mean you should buy MTCH stock?The short answer is yes. Not because of my inability to engage with the opposite sex, but because millions of Americans apparently feel the same. According to the Pew Research Center, attitudes overall toward online dating has shifted positively. Naturally, this is especially true for the young demographic. Because millennials dominate the workforce, this is a key reason supporting MTCH stock.Another factor bolstering Match's inclusion among services stocks to buy is rising participation. Approximately 50 million Americans have tried online dating, and most of them are looking for relationships. It's safe to say that MTCH stock will remain relevant for a very long time. Uber (UBER)Source: Shutterstock Without hesitation, I would place Uber Technologies (NYSE:UBER) on any list of services stocks to buy. Because of the rise in technology and automation, we're at a unique time in human development. Companies are just now executing tech platforms that genuinely help the average person, rather than innovating for innovation's sake. Due to this one simple fact, I'm long-term bullish on UBER stock.By now, you've all heard of Uber and most likely use it on a frequent basis. But I didn't really understand the power of this innovation until I recently traveled to eastern Europe. Getting around in the former Soviet bloc is at times a tricky affair, especially if you're not a local. But with Uber, all critical operation occurred inside an intuitive app: I just needed to show up.And how could I trust this ride-sharing app in an unfamiliar part of the world? Simple: with Uber, you witness the free market working in real time. If an Uber driver wanted to deliberately harm me, guess what? That person is out of a job that they probably need. It's this ability to open up new doors is one of many reasons why I'm confident in UBER stock. MedMen Enterprises (MMNFF)Source: Shutterstock Decades from now, we'll look back and recognize green investments as one of the transformative services stocks to buy. No, I'm not talking about the environment, although that's important too. Rather, I'm talking about marijuana, which now that I think about it is part of the environment. So perhaps the cannabis industry is a win-win for everyone!Admittedly, that statement is a stretch. But I'm not joking about cannabis stocks to buy. Although they're going through a rough patch right now, I'm sure they'll recover. In the meantime, you can pick up great companies on discount. And if you're a true speculator, you should consider MedMen Enterprises (OTCMKTS:MMNFF) and MMNFF stock.Why MedMen? With recreational legalization trends gaining electoral steam, MedMen raced to the top tier among marijuana dispensaries. They specialize in a wide range of premium cannabis products from "botanicals" to edibles. And the emphasis on quality is what separates MMNFF stock from the run-of-the-mill dispensary.During the dark days, merely having access to weed was a plus. Now, with federal legalization probably on the horizon at some point, just having weed isn't enough; instead, you must have the good stuff. With MedMen establishing a premium brand in marijuana's nascent stage, I expect MMNFF stock to steadily move higher.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 7 Services Stocks to Buy for the Rest of 2019 appeared first on InvestorPlace.
- Investor's Business Daily•9 days ago
This Investing Strategy Will Help You Find Tech Stocks Ready To Explode
If you're looking for tech stocks with the potential to move big like MercadoLibre, Match Group and ServiceNow, start with looking at the tech revolution.
- Benzinga•10 days ago
Tinder CEO: Meeting New People Shouldn't Be Limited By Type Of Mobile Device
One of the biggest factors preventing online dating app Tinder from growing worldwide is the app itself, according to Tinder CEO Elie Seidman. What Happened Tinder — part of the Match Group Inc (NASDAQ: ...
- Motley Fool•10 days ago
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These companies in the Lone Star State have a lot going for them.
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Box Expands Client Base, Boosts Cloud Content Portfolio
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- Zacks•10 days ago
Amazon (AMZN) Eyes Cosmetic Business With Lady Gaga Products
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- Zacks•11 days ago
Maxim's (MXIM) Solutions to Enhance MediaTek's IVI Platform
Maxim Integrated Products' (MXIM) automotive and power management solutions will be used by MediaTek in its IVI platform.
- Zacks•13 days ago
Is Match Group (MTCH) Stock Outpacing Its Computer and Technology Peers This Year?
Is (MTCH) Outperforming Other Computer and Technology Stocks This Year?
- Zacks•13 days ago
Baidu & Geely Collaborate on Autonomous Driving Platform
Baidu (BIDU) teams up with China-based automaker Geely in a bid to gain further momentum in the autonomous driving market.
- Zacks•17 days ago
Match Group a Strong Buy on Growing Clout of Dating Apps
Match Group's (MTCH) strong share price returns are backed by expanding international presence and accretive buyouts. Consequently, we suggest investors to add the stock to enrich their portfolio.
- American City Business Journals•18 days ago
5 major DFW companies join legal brief favoring LGBT rights
More than 200 American businesses have jointly filed an amicus brief asking the U.S. Supreme Court to find that workplace discrimination based on sexual orientation and gender identity is illegal. Five major corporations of the 206 companies are based in Texas, and all are in the DFW area.
- Zacks•18 days ago
Reasons Why You Should Get Rid of Skyworks (SWKS) Stock Now
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- Zacks•18 days ago
Amazon on a Hiring Spree, to Add More Than 2K Jobs in Britain
Amazon (AMZN) plans to add more than 2,000 permanent jobs in Britain this year.
- Simply Wall St.•19 days ago
A Look At The Fair Value Of Match Group, Inc. (NASDAQ:MTCH)
Today we will run through one way of estimating the intrinsic value of Match Group, Inc. (NASDAQ:MTCH) by estimating...
- Zacks•19 days ago
Amazon to Add Jobs in France as Part of Expansion Plans
Amazon (AMZN) plans to add more than 1,800 permanent jobs in France this year.
- Zacks•19 days ago
Applied Materials to Acquire Kokusai Electric for $2.2B
Applied Materials (AMAT) agrees to acquire Kokusai Electric from KKR in a bid to boost the memory business.
- Yahoo Finance Video•4 days ago
Hiki, the world's first dating app for the autistic community
As the dating app industry continues to grow, Hiki's founder and CEO saw an opportunity. Jamil Karriem joins Yahoo Finance's YFi AM to discuss how he created the first dating app for individuals with autism.
