5 Best Dating Stocks to Buy Now

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

Number of Hedge Fund Holders: 68    

Match Group, Inc. (NASDAQ: MTCH) is a Texas-based technology company that operates a bunch of online dating services. It was founded in 2009 and is ranked first on our list of 10 best dating stocks to buy now. Some of the dating platforms it operates include Tinder, Match.com, Meetic, OkCupid, Hinge, PlentyOfFish, Ship, and OurTime, among others. Millions of users worldwide use the services offered by the company. 

Match Group, Inc. (NASDAQ: MTCH) posted quarterly earnings on May 4, reporting earnings per share of $0.57, beating market estimates by $0.19. The revenue over the period was more than $660 million, up 22% year-on-year.

At the end of the first quarter of 2021, 68 hedge funds in the database of Insider Monkey held stakes worth $2.9 billion in Match Group, Inc. (NASDAQ: MTCH), down from 72 in the preceding quarter worth $3.7 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Match Group, Inc. (NASDAQ: MTCH) was one of them. Here is what the fund said:

“In addition to the new issue market, we have been tactically adding growth exposure. Our largest new position was Match Group, the global leader in the online dating space that was spun off by Interactive Corp. in 2020. Singles have put their life plans on hold during the pandemic but continue to want to meet people. Match was negative impacted by COVID, especially in markets like India, but the business is very profitable with high margins and is driving growth through international expansion, increasing users and better monetization and engagement.”

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