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

Match Group, Inc. (NASDAQ:MTCH) saw some unusual options trading activity on Thursday. Traders bought 43,036 put options on the company. This represents an increase of 210% compared to the average volume of 13,891 put options.

Analyst Upgrades and Downgrades

MTCH has been the topic of a number of recent analyst reports. KeyCorp boosted their price target on shares of Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Raymond James initiated coverage on shares of Match Group in a research note on Thursday, April 4th. They set a “market perform” rating on the stock. Piper Sandler reiterated an “overweight” rating and set a $45.00 price target on shares of Match Group in a research note on Wednesday, March 27th. StockNews.com upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Morgan Stanley lowered shares of Match Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $53.00 to $37.00 in a research note on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Match Group currently has a consensus rating of “Moderate Buy” and an average price target of $43.07.

Hedge Funds Weigh In On Match Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. YHB Investment Advisors Inc. acquired a new position in Match Group during the first quarter worth approximately $28,000. Principal Securities Inc. acquired a new stake in shares of Match Group in the fourth quarter worth $31,000. Mather Group LLC. acquired a new stake in shares of Match Group in the first quarter worth $33,000. Fidelis Capital Partners LLC acquired a new stake in shares of Match Group in the first quarter worth $33,000. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Match Group in the third quarter worth $40,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $31.93 on Friday. Match Group has a 12-month low of $27.85 and a 12-month high of $49.24. The company has a market capitalization of $8.56 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.50 and a beta of 1.43. The firm’s 50-day moving average is $34.07 and its two-hundred day moving average is $34.45.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The business had revenue of $866.00 million during the quarter, compared to analyst estimates of $861.31 million. During the same quarter in the previous year, the business posted $0.30 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. On average, analysts forecast 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.