Activist Starboard took a stake in Match. Here are steps the investor may take to help lift shares
Publishing timestamp: 2024-07-20 09:06:50
Summary
Starboard, an activist investor, has sent a letter to Match Group highlighting opportunities for operational improvements, financial results, and capital allocation. While there are concerns about revenue growth and stock performance, Starboard believes that with the right strategies, Match can increase growth and improve margins. The firm is also urging management to repurchase shares and consider the potential value creation opportunity through a sale of the company. Other activists, such as Elliott Management and Anson Funds, have also shown interest in Match Group.
Sentiment: MIXED
Tickers: MTCH,
Keywords: business news, match group inc, hedge funds,