While shares of Match Group (MTCH) has pulled back 23% from the post-Q2 earnings report highs of $95, nothing has changed fundamentally, Jefferies analyst Brent Thill tells investors in a research note. The analyst says that while uncertainty around a potential IAC (IAC) distribution and the broader tech pullback is a headwind, he continues to believe Match is well positioned to take advantage of the industry tailwinds within online dating. The analyst, who sees "no red flags" in Q3 Tinder data, is a buyer of Match Group at current levels. He keeps a Buy rating on the shares with a $105 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.