Match Group (MTCH, Buy, $55 target) Investor Day date could be next stock catalyst + our thoughts on Board additions, Elliott’s first public comments, and implications for ads and M&A
This morning MTCH announced the addition of two new Board members after a “constructive engagement with Elliott Investment Management.” Among other things, the company also confirmed it will host an investor day at a date still to be determined.Match Group is a provider of dating products available in over 40 languages to its users all over the world through applications and websites it owns and operates. The company operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, as well as a number other brands. Through its portfolio of brands, the company provides tailored products to meet the varying preferences of its users. All the company's products enable users to establish a profile and review other users' profiles without charge. Each product also provides additional features, some of which are free, and some of which require payment depending on the particular product.
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