|Bid||57.01 x 800|
|Ask||57.30 x 1200|
|Day's Range||56.43 - 58.09|
|52 Week Range||33.30 - 60.95|
|Beta (3Y Monthly)||0.39|
|PE Ratio (TTM)||35.63|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.53|
Jim Cramer and IAC CEO Joey Levin get to the heart of why Wall Street tends to undervalue the diversified holding company.
SAN FRANCISCO, Feb. 14, 2019 /PRNewswire/ -- Glow, a data-driven women's health and fertility company, today announced a partnership that provides U.S. Match Group employees with benefits for fertility preservation, or egg freezing. Match Group is a leading provider of dating products, and operates a number of brands including Match, Tinder and OkCupid.
After a Facebook post offering to help friends with their dating profile received thousands of comments, Meredith Golden launched her dating consulting business. Now, she charges clients up to $2,000 for help.
IAC/InterActive Corp (NASDAQ: IAC ) has a path to a $2-3-billion valuation, according to Guggenheim. The Analyst Guggenheim analyst Jake Fuller maintains a Neutral rating on IAC/Interactive . The Thesis ...
Match Group's (MTCH) increase in its average subscriber base, driven primarily by solid contribution from Tinder is a key catalyst.
IAC/InterActiveCorp (NASDAQ: IAC ) shares are moving higher after the company posted a fourth-quarter earnings beat last week driven by strong results from Match Group Inc (NASDAQ: MTCH ). The Analyst ...
Stocks are off to a great start in the new year. After a rough end to 2018, the Dow Jones is up 7% through the first six weeks of 2019, while the S&P 500 is up 8% and the Nasdaq is up 10%. Broadly speaking, then, most stocks are up in the new year.But, as is always the case, some stocks are up a lot more than others. Indeed, given the macro financial market positioning of late 2018 and early 2019 (namely, everyone went from concerned about a coming recession to realizing the economy is doing just fine), there have been a handful of breakout stocks in early 2019 that are up a whole bunch in a very short time frame.We are talking 30%, 40%, 50% and up rallies in just six weeks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWill the rally in these early 2019 breakout stocks persist for the rest of the year? As always, it depends on the underlying fundamentals. Some of these will keep surging for the rest of 2019. Others won't. * 10 Best Dividend Stocks to Buy for the Next 10 Months With that in mind, let's take a look at seven of the best breakout stocks early this year, why they've broken out and where they are going next.Source: Shutterstock Canopy Growth (CGC)YTD Gain: 69%Why It Has Run Up: Pot stocks have had a red-hot start to 2019, mostly due to promising moves on the global legalization front (as the Farm Bill's passage in the U.S. cleared the way for legal hemp production), big-money interest and bullish mainstream analyst coverage. Canopy Growth (NYSE:CGC) has been at the front of all this. In 2018, the company secured a $4 billion investment from Constellation Brands (NYSE:STZ). Then, following the passage of the Farm Bill, Canopy announced intentions to sell hemp-based products in the state of New York. Also, analysts have shined a largely favorable light on CGC stock thus far in 2019.Where It's Going Next: CGC stock is only going higher. To be sure, the stock needs a breather after such a torrid run in just six weeks. But after the stock consolidates for a while in the $40 range, it will resume its upward march as favorable catalysts remain in play (continued progress on the global legalization front, more big-money investments and continued positive analyst coverage). In the big picture, this is a potential $100 billion company in the making, so as long as the trends remain favorable, bulls will remain in control.Source: Bixentro via Flickr Match (MTCH)YTD Gain: 32%Why It Has Run Up: Online dating giant Match (NASDAQ:MTCH) is off to a red-hot start in 2019 thanks to continued robust growth in the company's core dating platform, Tinder. There was fear in late 2018 that the best of the Tinder growth narrative was in the rearview mirror, and that MTCH stock was set to fall on slowing growth in that segment. But strong quarterly numbers in early 2019 confirm that, while Tinder is slowing, it's not slowing by much. As such, MTCH stock has bounced back in a big way from a late 2018 selloff.Where It's Going Next: Unfortunately, it looks the rally in MTCH stock may be nearing a near-to-medium-term top. Tinder is cooling off. It's going from 400,000 and up net adds per quarter over the past several quarters, to sub-300,000 over the next several quarters. Revenue growth and margin expansion are also expected to slow. Yet, at current levels, the valuation on MTCH stock isn't far off all-time highs, which was unsustainable at 400,000 Tinder net adds per quarter. * 7 Reasons You Want Boeing Stock in Your Portfolio That's a problem. Eventually, slowing growth will converge on the now-big valuation, and cause MTCH stock to trade sideways.Source: Shutterstock Netflix (NFLX)YTD Gain: 30%Why It Has Run Up: Streaming giant Netflix (NASDAQ:NFLX) is up 30% year-to-date in 2019 because, as it turns out, the Netflix growth narrative isn't slowing down at all. Following a subscriber miss in mid-2018, worries started to build that the Netflix growth narrative was slowing. Those worries grew as investors became concerned about a slowing global economy in late 2018. But, Netflix reported robust quarterly numbers in early 2019 which underscore that -- regardless of all the noise -- Netflix continues to add millions of new subs every quarter, is able to get those subs to pay more and is concurrently growing margins. In other words, this narrative remains as good as ever, so Netflix stock is bouncing back to all-time highs.Where It's Going Next: Netflix is a long-term winner. Valuation is a slight concern here and now. But, minor valuation concerns won't cause much damage. By the end of 2019, Netflix stock will rally up to $400 as the company leverages international expansion and original content to continue to add millions of new subs each quarter. It will do so even in a slowing economy, since Netflix is a cheap service whose value prop arguably goes up when times are tough for consumers. That could make it a star among breakout stocks.Source: Shutterstock Mattel (MAT)YTD Gain: 52%Why It Has Run Up: Left-for-dead toy maker Mattel (NASDAQ:MAT) is up huge in early 2019 because the company isn't dying after all. The company turned in a surprise profit in the holiday quarter amid what was arguably Mattel's most impressive quarter in several years. All the trends here are moving in the right direction, with revenue growth becoming less negative, margins improving and losses narrowing. Because all those trends are moving in the right direction, there is now visibility for this company to restore profitability and top-line growth. As that visibility has improved, MAT stock has skyrocketed.Where It's Going Next: This big, early 2019 rally in MAT stock appears to be near a top. All the trends here are improving, but they aren't improving by much. Revenue growth is still negative. Margins are still well off their highs. The company still isn't profitable on a consistent basis. * 10 Monster Growth Stocks to Buy for 2019 and Beyond The balance sheet is still loaded with debt. Plus, the toy industry still faces secular headwinds in the form of digital engagement and gaming now spilling into younger audiences. Overall, MAT stock seems to have gotten ahead of itself in early 2019.Source: Shutterstock Chipotle (CMG)YTD Gain: 35%Why It Has Run Up: Fast-casual eatery Chipotle (NASDAQ:CMG) is up huge in the early part of 2019 as the company's operational turnaround appears to be on track. Thanks to menu innovations and expanded delivery capability, Chipotle reported really strong comparable sales growth in the holiday quarter, led by the first uptick in traffic growth in several quarters. Margins also improved, and profits soared. This gave bulls plenty of ammunition to push the stock higher, and that's exactly what they did.Where It's Going Next: As it closes in on $600, CMG stock appears woefully overvalued. The stock now trades at nearly 50 forward earnings. Even if you assume that EPS gets to $20 in three years (which is above the consensus estimate), this stock is still trading at 30 times earnings that are three years out. That's too high. McDonald's (NYSE:MCD) and other fast casual restaurant stocks trade around 20-times earnings that are twelve months out. Plus, the big comp in Q4 was on an easy lap. The lap gets incrementally and substantially harder every quarter this year, so comp growth should cool as 2019 rolls on, and that could cause CMG stock to fall.Source: Shutterstock Skechers (SKX)YTD Gain: 39%Why It Has Run Up: Athletic apparel company Skechers (NYSE:SKX) is up big to start 2019 thanks to strong holiday numbers which underscore that this company can grow revenues and profits side-by-side. For a long time, investors questioned whether or not this could happen, as robust revenue growth seemed to be fueled by big spend, which cut into margins and diluted profit growth. But, over the past three months, Skechers grew revenues, margins and profits all at an equally robust rate. That has given hope to investors, who have put a big bid under the lowly valued SKX stock.Where It's Going Next: SKX stock should remain on a winning trajectory in 2019. As mentioned earlier, the big thing is that revenues and profits are now growing side-by-side. Management sounded a confident tone on the conference call that this could/would be the new norm going forward. * The 9 Best Stocks to Invest In During a Manic Market If so, and if revenues and profits both grow at a healthy rate in 2019, SKX stock will continue to run higher, given that it's trading at a super-low valuation (just 16X forward earnings).Source: Shutterstock Pier 1 (PIR)YTD Gain: 168%Why It Has Run Up: Home goods retailer Pier 1 (NYSE:PIR) used to be a heavyweight in the furniture retail segment. But, over the past several years, sales have dropped and margins have been killed, leading to PIR stock going from over $20 in 2013, to 30 cents by the end of 2018. Investors have breathed new life into PIR stock in 2019, as the stock has more than doubled in just six weeks. There hasn't been much news on the catalyst front, so this is clearly just investors saying this sell-off is way overdone.Where It's Going Next: The numbers at Pier 1 have been disappointing for a long, long time, and they just refuse to get better. But this is a $70 million company with over $1.5 billion in trailing-12-month sales. Cash burn is a problem, and there's not much cash left on the balance sheet, hence the big worries surrounding the longevity of this company. But if profitability turns a corner, this stock could fly. As such, risk-reward looks good here. Still, risk is high, so it's not for the faint of heart.As of this writing, Luke Lango was long CGC, NFLX, and SKX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Fundamentally Sound Dividend Stocks to Buy * 5 Reasons Reeling FAANG Stocks Won't Deliver Big Returns * 3 Reasons Canopy Growth Could Burn You Compare Brokers The post 7 Breakout Stocks In Early 2019 appeared first on InvestorPlace.
Rather than endless swiping and matches that might not lead to dates down the line, Bounce lets users find a match and go on dates the same night.
IAC/InterActiveCorp. showed off stronger holiday-season earnings than expected Thursday and gave a first peek at the financial performance of its growing Vimeo and Dotdash publishing segments.
DALLAS, Feb. 8, 2019 /PRNewswire/ -- Match Group (MTCH) announced today that it has agreed to sell $350 million aggregate principal amount of 5.625% senior notes due 2029 (the "Notes") in an upsized private offering (the "Offering"). The Offering is expected to close on February 15, 2019. Match Group intends to use the proceeds of the Offering to repay borrowings under its existing revolving credit facility, to pay expenses associated with the Offering, and for general corporate purposes. The Offering is being made only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. The Notes will not be registered under the Securities Act and may not be offered or sold without registration unless an exemption from such registration is available.
Moody's Investors Service ("Moody's") assigned a Ba3 rating to the proposed $300 million senior unsecured notes due 2029 to be issued by Match Group, Inc. ("Match"), IAC/InterActiveCorp's ("IAC" or the "company") 81% owned subsidiary that comprises its online dating businesses. Proceeds from the new notes, which will not be guaranteed by IAC, will be used to repay borrowings under the existing revolving credit facility, pay expenses associated with the offering and for general corporate purposes. IAC's Ba2 Corporate Family Rating (CFR) and stable outlook remain unchanged.
Cree, Casella Waste, IAC, Match.com and Expedia highlighted as Zacks Bull and Bear of the Day
Yesterday, shares of Match (NASDAQ:MTCH) popped on an otherwise down day for markets after the online dating giant reported fourth-quarter numbers that impressed investors and included a healthy subscriber growth outlook. MTCH stock rose more than 5% in response.Ostensibly, the numbers look pretty good. This is a 20%-plus revenue growth company with a rapidly growing subscriber base, improving unit economics, and strong margins. Plus, there are secular trends underpinning the growth narrative here that imply that Match will remain a big revenue growth, healthy margin expansion company for a lot longer.But, the truth is that the time to buy MTCH stock was back in late 2018 when the market was freaking out about the potentially slowing growth at Tinder against the backdrop of a decelerating global economy. At that point in time, MTCH stock was closing in on $30, had a historically very low 25X forward price-to-earnings multiple, and was 40% off recent highs with technically oversold conditions.InvestorPlace - Stock Market News, Stock Advice & Trading TipsA lot has changed since then. For starter's, MTCH stock has almost doubled. All those fears about Tinder slowing down are gone. The sentiment is broadly bullish. The P/E multiple is approaching 35, a level which the stock has failed to consistently hold before, and technical indicators imply that the stock's 30%-plus year-to-date rally has pushed it into technically overbought territory. Fundamentals appear maxed out, too.In other words, I'm concerned that this rally in MTCH stock is on its last legs. It's technically overbought, the narrative could take a turn for the worse in 2019, and long-term fundamentals don't support much more near- to medium-term upside. As such, this post-earnings pop may be a good time to take some profits off the table. Technically OverboughtTechnical indicators don't determine the long-term direction of a stock. But, they do tend to predict near- to medium-term movement pretty well. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Right now, those indicators are flashing a sell signal on MTCH stock. Namely, the Relative Strength Index on MTCH stock has jumped above 70, which is traditionally considered overbought territory. Historically speaking, whenever the RSI in MTCH stock has jumped to these levels, the stock proceeded to pullback over the subsequent several weeks.Also, MTCH stock is now 20% above its 50-day moving average. Over the past several years, this is about as far as Match's stock price has diverged from its 50-day moving average. Whenever this 20% divergence has occurred, MTCH stock has normally proceeded to pull back over the subsequent several weeks. Trends Could Change Course In 2019Another big problem with MTCH stock here and now is that the narrative could take a turn for the worse in 2019.For most of 2017 and 2018, the narrative underlying MTCH stock was broadly positive, driven by robust growth at Tinder thanks to Tinder Gold. Long story short, the launch of Tinder Gold supercharged Tinder paid subscriber growth and Tinder ARPU, the sum of which led to robust revenue and profit gains at Match.But, there are signs that this gold rush will come to an end in 2019. Tinder added just 233,000 subs this past quarter and it is expected to add just over 250,000 next quarter. That is roughly in-line with the long-term average of 200,000 to 250,000 new subs per quarter for Tinder. But, since the launch of Tinder Gold, Tinder has been adding, on average, over 400,000 new subs per quarter.Those days are over. Thus, it isn't surprising to see ARPU growth, revenue growth and margin expansion all slow, too. For the past several quarters, this has been a high single-digit ARPU growth company, 20%-plus revenue growth company and big margin expansion company. Now, Match is turning into a low single-digit ARPU growth company with mid-teens revenue growth and a flattening margin expansion trajectory.This narrative flip in 2019 will likely have a negative impact on MTCH sock. Fundamentals Imply Fully ValuedMost importantly, the long-term growth fundamentals underlying Match stock do not support much more upside in the near to medium term. * 7 Cloud Stocks To Buy Now The Tinder Gold rush sparked consistent 20%-plus subscriber growth at Match. But, sub growth slowed to the mid-teens rate in the fourth quarter of 2018, and the guide implies that mid-teens sub growth will be the new norm going forward. If so, 20 million subs by 2025 seems achievable, versus just over 8 million today.Meanwhile, ARPU growth is slowing, too, and without another big paid subscription service catalyst, ARPU growth should continue to run in the low single-digit rate over the next several years. If so, ARPU could trend toward 70 cents by 2025.Under those two assumptions, Match should be able to do over $5 billion in revenue by 2025. Adjusted operating margins will likely trend toward 40% by then, making $5 in earnings-per-share seem achievable. Based on a digital service average 20X forward multiple, that equates to a 2024 price target for MTCH stock of $100. Discounted back by 10% per year, that equates to a fiscal 2019 price target of just over $60. We are nearly there today, and the end of fiscal 2019 is still twelve months out. Bottom Line on MTCH StockMatch is a long-term winner that is dominating the secular growth online dating industry. But, that doesn't make MTCH stock a buy here. Instead, the time to buy MTCH stock was at $30. Now, up at $60, it's time to sell. There will be a big dip in 2019 that will give investors a much better entry point.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Are These 7 Dividend Aristocrats ETFs Fit for a King? * 7 of the Best Emerging Markets Stocks to Buy * 5 Gold Stocks That Should Glitter in 2019 Compare Brokers The post The Perfect Time to Buy Match Stock Is Long Gone appeared first on InvestorPlace.
Cramer said the value of these two investments alone is $19.7 billion, but IAC has a market cap of less than $18 billion. Levin concurred with Cramer's assessment of their valuation, adding that IAC has plenty of other online properties in their portfolio, plus $1.7 billion in cash. The share price of IAC has more than doubled since Cramer first got behind the stock in 2017, but let's see what the charts and indicators look like this morning.
Match Group Inc NASDAQ/NGS:MTCHView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for MTCH with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on January 18. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MTCH totaled $2.82 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
DALLAS, Feb. 8, 2019 /PRNewswire/ -- Match Group (MTCH) announced today that it intends to commence an offering of $300 million aggregate principal amount of senior notes due 2029 (the "Notes") in a private offering (the "Offering"). Match Group intends to use the proceeds of the Offering to repay borrowings under its existing revolving credit facility, to pay expenses associated with the Offering, and for general corporate purposes. The Offering will be made only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.