Match Group Revenue Growth Hinges on New Features

Calls have been popular in the options pits

Deputy Editor
Sep 22, 2020 at 3:53 PM
facebook twitter linkedin


The shares of Match Group Inc (NASDAQ:MTCH) are down 0.7% at $106.08 at last check, though a Match Group spokeswoman told MarketWatch that the recent push from dating app Hinge has the company on track to triple its revenue this year. Taking a cue from its peer Tinder's monetization success, Match Group is looking to add new revenue-generating features to Hinge. Late last week, Morgan Stanley took note of this development, calling Hinge the company's next "growth driver" as it hiked up its price target to $151 from $141. 

Stalling on the charts recently, MTCH is on track for its fourth daily loss in five days. Though the 20-day moving average has appeared to keep a cap on breakouts in the last week, the equity is still up 29.5% year-to-date.

MTCH sep 22

Despite the hindered price action of late, 12 of the 15 analysts in coverage carry a "buy" or better rating on MTCH, with the remaining three at a tepid "hold." Meanwhile, the 12-month consensus price target of $126.89 is a 19.5% premium to current levels. 

The options pits are looking similarly bullish, per Match Group stock's 10-day call/put volume ratio of 5.45 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio stands higher than 92% of readings from the past year, meaning calls are being picked up at a much faster-than-usual rate. 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners