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Fly News Breaks for May 9, 2019
MTCH
May 9, 2019 | 09:15 EDT
SunTrust analyst Youssef Squali raised his price target on Match Group to $62 after its "strong" Q1 results and the management's "more confident" outlook. The analyst says Tinder remains the company's primary growth driver with 384K subscriptions added in Q1 to 4.7M and the total already topping 5M so far in Q2. Squali is also positive on Match Group's international market penetration, even though he sees the 10.5-times enterprise value to expected revenue multiple on the stock justifying his maintained Hold rating.
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.