MTCH Shares Higher on Analyst's Bullish View

Most analysts are still taking a wait-and-see approach

Sep 17, 2019 at 10:28 AM
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Match Group Inc (NASDAQ:MTCH) is trading up 1.1% at $77.47, after Citigroup gave the stock a "buy" rating, citing the company's opportunity in international markets -- though the brokerage firm also deemed the equity "high risk." MTCH shares have pulled back some since their record high of $95.32 from Aug. 7, but in recent days they've been consolidating just atop their 80-day moving average. After falling below this trendline yesterday, the equity reversed higher by the close to reclaim it once more, and it still sports a year-to-date gain of 81%.

Digging into the options data around the stock, peak open interest is at the September 90 call, where more than 15,000 contracts are sitting. Match Group options have been unusually popular from a broader sense, too, since open interest of almost 151,000 contracts ranks in the 100th annual percentile.

For what it's worth, short-term contracts have relatively low premiums priced in. This is according to our Schaeffer's Volatility Index (SVI) of 42%, which ranks in the 15th annual percentile. Meanwhile, MTCH has a Schaeffer's Volatility Scorecard (SVS) of 53, showing the options market has tended to do a good job pricing the security's volatility expectations in the past year.

But turning all the way back to analyst attention, most Wall Street firms are taking a wait-and-see approach, handing out "hold" ratings on the security. However, the average 12-month price target is up at $88.56.


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