U.S. stocks edge higher; solid earnings season continues
In a recent transaction, Glenn Schiffman, a director at Match Group, Inc. (NASDAQ:MTCH), purchased 3,000 shares of the company’s common stock. According to InvestingPro analysis, this insider purchase aligns with management’s recent share buyback activity, suggesting confidence in the company’s $8.47 billion market value. The shares were acquired at a price of $34.4699 each, totaling approximately $103,409. Following this transaction, Schiffman holds a total of 33,827 shares directly. This total includes 29,773 shares of common stock and 4,054 share units accrued under the 2020 Match Group, Inc. Deferred Compensation Plan for Non-Employee Directors. With Match Group’s strong financial health rating and current trading levels suggesting undervaluation, investors can access detailed insider trading patterns and 12+ additional ProTips through InvestingPro’s comprehensive research reports.
In other recent news, Match Group has been in the spotlight with various analysts adjusting their ratings and price targets. Moody’s (NYSE:MCO) Ratings upgraded Match Group’s senior unsecured note rating to Ba2, citing the company’s repayment of a $425 million senior secured term loan, which reduced the secured debt in the company’s capital structure. This move has resulted in a decrease in pro forma leverage to approximately 3.4x from around 3.8x.
Citi raised Match Group’s stock price target to $34, noting the company’s first quarter of 2025 guidance miss was primarily due to foreign exchange headwinds. Meanwhile, JPMorgan maintained a Neutral rating on Match Group with a consistent price target of $33. The firm acknowledged a positive trend in new user growth on Tinder but highlighted the need for revenue to increase throughout the year to meet the company’s 2025 financial outlook.
Barclays (LON:BARC) slightly reduced its price target for Match Group to $52 but continued to recommend the stock with an Overweight rating. Barclays noted the appointment of Spencer Rascoff as the new CEO could positively influence Match Group’s trajectory. Lastly, Morgan Stanley (NYSE:MS) lifted its price target for Match Group to $33, maintaining an Equalweight rating on the stock. The firm indicated a cautiously optimistic view following Match Group’s fourth-quarter earnings report. These are recent developments in the ongoing analysis of Match Group’s financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.