Analyst Ygal Arounian from Citi maintained a Hold rating on Match Group and keeping the price target at $37.00.
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Ygal Arounian’s rating is based on a mix of positive and negative factors affecting Match Group’s financial outlook. The company reported better-than-expected results for Tinder in the third quarter, with notable improvements in payer trends and adjusted EBITDA margins. However, these positive outcomes are balanced by a lower revenue guidance for the fourth quarter, which tempers the overall outlook.
Furthermore, while Tinder’s revenue and payer numbers exceeded expectations, the guidance for the upcoming quarter suggests some challenges ahead, particularly due to user-experience testing and the implementation of new trust and safety measures. These factors, along with the anticipated benefits from in-app purchase fees, contribute to a cautious stance, leading to a Hold rating as the company navigates these mixed signals.
In another report released today, UBS also maintained a Hold rating on the stock with a $36.00 price target.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTCH in relation to earlier this year.