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Fly News Breaks for February 8, 2019
MTCH
Feb 8, 2019 | 09:29 EDT
SunTrust analyst Youssef Squali raised his price target on Match Group to $54 after its strong Q4 results, saying Tinder was again the "main driver of growth" and its success in "optimizing the platform to mobilize a significantly higher number of new subs to offset the pick-up in churn from older cohorts." The analyst also keeps his Hold rating on the shares citing valuation, with Match Group trading at 8.9-times enterprise value to expected revenues, and due to expected decline in FY19 aggregate subscriptions.
News For MTCH From the Last 2 Days
MTCH
Apr 23, 2024 | 13:26 EDT
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.
