JPMorgan analyst Doug Anmuth downgraded IAC (IAC) to Neutral from Overweight with a price target of $245, down from $300. IAC's announced potential Match Group (MTCH) distribution served as a catalyst for the shares, and the valuation gap between the two "has closed meaningfully within a short amount of time," Anmuth tells investors in a research note. The analyst believes it may take multiple quarters for investors to give more credit to IAC's remaining assets including Vimeo, Dotdash, Mosaic, Bluecrew, and others. Anmuth keeps a Neutral rating on Match and lowered his price target for the shares to $75 from $93. He also keeps an Overweight rating on Angi Homeservices (ANGI) with a $14 price target.

Bullish option flow detected in Match Group with 5,462 calls trading, 1.2x expected, and implied vol increasing over 2 points to 47.46%. May-24 36 calls and 5/3 weekly 30 puts are the most active options, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 0.65. Earnings are expected on May 7th.

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Tinder is enabling users to share their date plans with friends and family directly from the app through a "Share My Date" feature, TechCrunch's Lauren Forristal reports, citing a statement. The feature will allow users to send recipients a link that includes details about the date including the match's name, meeting location, date and time. "At Tinder, we continue to release new features that aim to create a fun, safe, and respectful experience for all," Tinder CMO Melissa Hobley said. "Discussing plans with friends and family is a time-honored dating ritual. Share My Date streamlines this basic info-sharing so singles can jump right to the exciting part, from figuring out what to wear to prepping conversation topics." Reference Link