Match's stock has rallied on the day after the past three earnings reports, by an average of 7.5%, according to Fact Set."Short interest as a percent of float at 55% could certainly provide an additional positive catalyst if earnings are in line or better," Strugger wrote in a note to clients.Guggenheim's Jake Fuller wrote that while Tinder Gold, a paid feature launched late last year, brought in a big wave of new paying members, he believes Match will see a "lull" until it introduces its next big paid Tinder feature."In our experience, multiples for sub-based models can come under pressure in periods of slowing growth," Fuller wrote.Jefferies analyst Brent Thill downgraded Match Group Inc.shares to hold from buy on Wednesday, after Facebook Inc. "While the Facebook news won't impact short-term financial results, we are downgrading to Hold based on uncertainty around Facebook's product and its long-term impact on Match's business," Thill wrote.Jefferies analyst Brent Thill raised his price target on Match Group Inc.
Zuckerberg was in the EU this week to answer legislators' questions, the first GDPR cases were filed against Facebook and the company launched a labeling system for political ads and news in the U. The company was founded on February 12, 2009 and is headquartered in Dallas, TX."We remain big fundamental fans of the business and believe in the long-term opportunity, but there is a massive element of unknown right now that makes it difficult for the stock to work near term." He said that Match's large scale has always been a major advantage for the company, but Facebook has more than 2 billion users worldwide."Facebook has the resources and pieces in place to build a large scale product, competition that Match has not seen before," Thill wrote. Thill kept his buy rating on shares of Inter Active Corp.Fuller prefers IAC/Inter Active Corp , which owns more than 80% of Match Group shares."While we cannot isolate the discount embedded in IAC for Match, IAC's current market value does imply a discount of ~16% to the combined value of the Match and ANGI [Homeservices Inc.] stakes," he wrote.