Stock Traders Purchase High Volume of Match Group Put Options (NASDAQ:MTCH)

Match Group, Inc. (NASDAQ:MTCH) saw unusually large options trading on Thursday. Stock traders acquired 43,036 put options on the company. This is an increase of 210% compared to the average daily volume of 13,891 put options.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on MTCH shares. Raymond James began coverage on Match Group in a research report on Thursday, April 4th. They set a “market perform” rating for the company. KeyCorp boosted their price target on Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a research note on Thursday. UBS Group boosted their price target on Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. Finally, Morgan Stanley cut Match Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $53.00 to $37.00 in a research note on Thursday, April 18th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Match Group presently has an average rating of “Moderate Buy” and a consensus target price of $43.07.

Institutional Investors Weigh In On Match Group

Several institutional investors and hedge funds have recently modified their holdings of the business. YHB Investment Advisors Inc. bought a new stake in shares of Match Group during the 1st quarter worth $28,000. Principal Securities Inc. bought a new stake in Match Group during the fourth quarter valued at about $31,000. Mather Group LLC. acquired a new stake in shares of Match Group in the first quarter valued at about $33,000. Fidelis Capital Partners LLC bought a new position in shares of Match Group in the first quarter worth about $33,000. Finally, VisionPoint Advisory Group LLC acquired a new position in shares of Match Group during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Up 2.0 %

MTCH opened at $31.93 on Friday. The firm has a market cap of $8.56 billion, a PE ratio of 14.00, a P/E/G ratio of 0.50 and a beta of 1.43. The business has a fifty day simple moving average of $34.07 and a 200-day simple moving average of $34.45. Match Group has a fifty-two week low of $27.85 and a fifty-two week high of $49.24.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.49 by $0.32. The business had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. Match Group’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. On average, equities research analysts anticipate that Match Group will post 2.16 EPS for the current fiscal year.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.