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RoboStreet – February 14, 2019
The Perfect “Match” for the Week of Valentines Day
Digital dating is how millions of people connect and find their future mates. The world of online subscription dating businesses is flourishing with broad services and those that are very specific in the audiences they target. One of the most successful online dating sites today is Match Group (MTCH), a subscription–based model which enables users to create a personal profile and review the profiles of other users in 42 different languages across 192 countries.
In fact, Match Group is the world’s leading provider of dating services. Within the dating products portfolio are dating brands Tinder, Match, PlentyOFish, Meetic, OurTime, OkCupid and Pairs all designed to reach unique people profiles seeking the right romantic connection.
It’s a booming industry: just in America, there are 40 million people connected to online dating websites. According to statistics, roughly 28% of young adults are hooked into online dating sites and that number is growing thanks to the rapid increase of dating apps for mobile devices and smartphones. While most relationships are traditionally born out meeting other people through friends, online dating now accounts for about 20% of all long-term relationships. And that number is growing!
The other side of this personal relationship phenomenon is that if people meet online, they are likely to also break up online. It is estimated that 48% of couples that met online will end the relationship through email. That may sound harsh, but in today’s society where social awkwardness is more prevalent because of how people communicate over the Internet and smartphone, fear of being confronted in person about a relationship gone bad evokes the Dear John letter by way of email.
And remember we’re not talking about day-trading here. I’m looking for 50-100% gains inside of the next 3 months, so my weekly updates are timely enough for you to act.
Match Group was wholly owned by IACInteractive Corporation (IAC) until September 2015 when 20% of the stock was issued in an IPO at $12 per share. The stock traded higher by 23% in the first day of its public debut and hasn’t looked back since. Today, shares of MTCH trade at $57. That’s quite a love affair with Wall Street and has made its parent and investors almost 5X wealthier in the span of just three and a half years.
Today, Match Group continues to enjoy robust top and bottom-line growth. 2019 revenues are forecasted to rise by 29% in the range of $1.72 billion with earnings set to soar by 121% to $1.44 per share. The company has surpassed earnings estimates for the past three quarters.
Total subscribers amount to 8.23 million of which 4.25 are in North America and 3.98 internationally. Tinder is the fastest growing dating service among Match Group branded services, adding 233K new subscribers in Q4 2018 and up 1.2 million for the trailing four quarters.
My Tradespoon Stock Forecast Toolbox is in love with Match Group, giving the stock a solid “A” rating this week. And given the market’s appetite for subscription-based models among software companies, this story fits the profile of what investors find to be compelling investment propositions.
Trading MTCH can be tricky as the stock has demonstrated a high level of volatility as a public company. But handled properly with the right trading tools, like those at Tradespoon, traders can capture big moves from Match Group in what looks like a strong secular trend for many years to come. The stock recently made a big move to the upside and is extended on a price basis.
I invite all readers of today’s RoboStreet column to subscribe to RoboInvestor and be ready when we jump on hot stocks like Match Group and many other strong growth stocks. My hard-earned money is right there alongside all RoboInvestors. I lead with my own investment capital and wouldn’t have it any other way. Join me today and be an AI-powered RoboInvestor for 2019 and beyond.
*Please note: RoboStreet is part of your free subscription service. It is not included in any paid Tradespoon subscription service. Vlad Karpel only trades his own personal money in paid subscription services. If you are a paid subscriber, please review your Premium Member Picks, ActiveTrader, MonthlyTrader, or RoboInvestor recommendations. If you are interested in receiving Vlad’s personal picks, please click here.
And remember we’re not talking about day-trading here. I’m looking for 50-100% gains inside of the next 3 months, so my weekly updates are timely enough for you to act.
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