10 Cheap Internet Stocks to Buy According to Hedge Funds

5. Match Group, Inc. (NASDAQ:MTCH)

Forward P/E: 9.5

Number of Hedge Fund Holders: 50

Match Group, Inc. (NASDAQ:MTCH) provides digital technologies through its elaborate portfolio of brands, including Tinder, Hinge, Match, OkCupid, Meetic, Pairs, Azar, Plenty Of Fish, Hakuna, and others. The Match platform is an online dating platform that allows users to search profiles and receive algorithmic recommendations. It also offers a one-to-one real-time video feature.

In 2024, Match Group, Inc. (NASDAQ:MTCH) delivered total revenue of $3.5 billion, up 3% year-over-year. It also attained its full-year AOI margin target of 36%, reflecting a continued focus on cost discipline. It is focused on executing its financial goals in the future: driving consistently improving revenue growth, strong free cash flow generation, and a target of returning at least 100% of free cash flow through dividends and share repurchases.

Management believes it is well-positioned to deliver on these targets in the quarters ahead. The company takes the fifth spot on our list of the 10 cheap internet stocks to buy according to hedge funds.