Match Stock Gains After Letter From Activist Investor
Match Stock Gains After Letter From Activist Investor
Match Group, Inc. (NASDAQ:MTCH) shares are trading higher Tuesday after activist-investment fund Starboard Value sent a letter to the company outlining initiatives for improving growth, profitability and capital allocation.
Match Group, Inc.（納斯達克股票代碼：MTCH）週二股價走高，此前激進投資基金Starboard Value致函該公司，概述了改善增長、盈利能力和資本配置的舉措。
The Details:
細節：
Starboard Value sent a letter to Match Group's CEO, CFO, president and board of directors regarding actionable opportunities for enhancing shareholder value. Starboard Value holds a 6.6% stake in the company, making it the third-largest shareholder.
Starboard Value就提高股東價值的可行機會致函Match Group的首席執行官、首席財務官、總裁兼董事會。Starboard Value持有該公司6.6％的股份，使其成爲第三大股東。
Starboard said in the letter that Match Group should concentrate on enhancing Tinder, which contributes more than half of the company's total revenue, through product innovation and cost reductions. Starboard also sees potential in the Hinge business and Match Group's other emerging apps.
Starboard在信中表示，Match Group應集中精力通過產品創新和降低成本來增強Tinder，該公司貢獻了公司總收入的一半以上。Starboard還看到了Hinge業務和Match Group的其他新興應用程序的潛力。
Additionally, Starboard advocated for more aggressive share buybacks by Match Group. If these changes are not implemented successfully, Starboard suggested that Match Group should consider going private.
此外，Starboard主張Match Group進行更積極的股票回購。如果這些更改未成功實施，Starboard建議Match Group考慮私有化。
Match Group shares have declined by approximately 12% year-to-date. The company reported its first quarter results in May with revenue of$787.12 million, missing the consensus of $793.87 million and representing a 2% decline from the same period last year.
今年迄今爲止，Match Group的股價已下跌了約12％。該公司在5月份公佈了第一季度業績，收入爲7.8712億美元，未達到預期的7.9387億美元，比去年同期下降了2％。
According to data from Benzinga Pro, Match Group shares are moving on heavy volume Tuesday and trading above the stock's 50-day moving average of $30.79.
根據Benzinga Pro的數據，週二Match Group股價大幅上漲，交易價格高於該股的50天移動平均線30.79美元。
Will MTCH Stock Go Up?
MTCH 股票會上漲嗎？
When trying to assess whether or not Match Group will trade higher from current levels, it's a good idea to take a look at analyst forecasts.
在嘗試評估Match Group是否會從當前水平上漲時，最好看一下分析師的預測。
Wall Street analysts have an average 12-month price target of $37.92 on Match Group. The Street high target is currently at $46 and the Street low target is $30. Of all the analysts covering Match Group, 8 have positive ratings, 4 have neutral ratings and no one has negative ratings.
華爾街分析師將Match Group的12個月平均目標股價定爲37.92美元。華爾街的最高目標目前爲46美元，華爾街的低點目標爲30美元。在涵蓋Match Group的所有分析師中，有8位的評級爲正面，4位的評級爲中性，沒有人給出負面評級。
In the last month, 3 analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Match Group have performed in recent history.
上個月，3位分析師調整了目標股價。以下是最近的目標股價變化 [分析師評級]。本辛加還追蹤華爾街最準確的分析師。查看報道Match Group的分析師在近期歷史中的表現。
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Match Group is 28.53% down year-to-date. The average analyst price target suggests the stock could have further upside ahead.
股票不會沿直線移動。平均股市回報率約爲每年10％。今年迄今爲止，比賽組下降了28.53％。分析師的平均目標股價表明，該股未來可能會有進一步的上漲空間。
For a broad overview of everything you need to know about Match Group, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.
要全面了解您需要了解的有關Match Group的所有信息，請訪問此處。如果你想超越自我，沒有比 Benzinga Pro 更好的工具可以幫助你做到這一點。立即開始免費試用。
MTCH Price Action: According to Benzinga Pro, Match Group shares are up 8.65% at $34.79 at the time of publication Tuesday.
MTCH價格走勢：根據Benzinga Pro的數據，截至週二發佈時，Match Group股價上漲8.65％，至34.79美元。
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Image: Pixabay
圖片：Pixabay