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Fly News Breaks for February 27, 2019
MTCH
Feb 27, 2019 | 08:53 EDT
The Spring Break mode builds off of Tinder U and helps expand Match Group's reach into the college demographic, Jefferies analyst Brent Thill tells investors in a research note. While some will argue that Tinder growth is tapped out, the amount of paying subs, 4.3M, is still fewer than the incoming U.S. freshmen class, the analyst points out, whose data checks show continued strength. Thill says Match Group remains one of his top mid cap picks despite the 29% rally year-to-date. The analyst keeps a Buy rating on the shares with a $64 price target.
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.