57.15 0.00 (0.00%)
After hours: 4:13PM EDT
|Bid||56.85 x 1400|
|Ask||57.16 x 1400|
|Day's Range||55.50 - 57.31|
|52 Week Range||33.30 - 60.95|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||35.52|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||58.12|
Online data service Match Group triggered a sell rule early in March. But now the IBD 50 stock is rising toward more than one buy point.
Match Group (MTCH) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
For the last few years, the performance from Yelp (NYSE:YELP) hasn't been quite good enough. Yelp is growing: Adjusted EBITDA rose 16% in 2018, but growth was priced in. The YELP stock price is down 14% over the past year, and still sits below mid-2015 highs.Source: Shutterstock Yelp management clearly believes that will change. Executives laid out aggressive targets in conjunction with Q4 earnings last month. If Yelp hits those targets (or comes close) the stock has tremendous upside. But the initial reaction to those plans suggests that investors are skeptical. Recent history suggests they have good reason. * 7 Chinese Stocks to Buy for the 2019 Rebound Yelp's New TargetsIn the fourth quarter release, Yelp detailed its targets for the next five years. Revenue is expected to rise in the "mid-teens" annually through 2023. Adjusted EBITDA margins are expected to rise 2-3 points in 2019 and at a similar pace for the following four years, ending at 30-35% against 2018's 19%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf Yelp hits those targets, earnings will soar. Assuming 15% annual top-line growth, revenue should double over the five years to $1.9 billion. Margins of 32.5%, the midpoint of the out-year target, suggest Adjusted EBITDA of $617 million.That's more than triple 2018's $183 million. Assuming a 24% tax rate and a modest rise in depreciation and amortization, net income would reach the range of $400 million. That's close to $5 per YELP share.However an analyst runs these numbers, they suggest enormous upside. A 12x EBITDA multiple, plus cash, gets the stock to $100. A 20x P/E multiple - again, plus cash - gets YELP past that point.The current YELP stock price sits below $37. As such, there's a reasonable case that if Yelp management is right, YELP stock could triple. And the company is putting its money where its mouth is: the company doubled its share buyback authorization after Q4, and pledged to buy back $250 million of Yelp shares in the first half of the year alone. The Reaction to Yelp EarningsOf course, it's also reasonably clear that investors don't trust Yelp management. YELP stock actually soared in after-hours trading following the Q4 report. In regular trading the next day, however, the YELP stock price actually dipped modestly. An analyst upgrade gave the stock a boost, but it has weakened in recent sessions, and now trades well below its pre-earnings price.That seems surprising given solid 2019 guidance, the long-term targets, and an impressive Q4. (Adjusted EPS of $0.37 crushed consensus estimates of $0.10.) But investors do have some reason to be skeptical.Indeed, there are concerns with the Yelp business model, dating back to those I detailed on this site back in 2017. Yelp is projecting strong revenue growth but activity on the site isn't increasing all that fast. Figures from the 10-K suggest that the number of reviews on Yelp has risen only 6-7% on average in the past three years.The aggressive long-term targets are somewhat belied by recent performance. Revenue rose just 11% in 2018. Adjusted EBITDA margins were flat. Yelp is projecting quite an acceleration in the business, in terms of both the top line and margins.Most of the operating leverage is supposed to come from sales and marketing, which Yelp believes can be leveraged by ten full points, the majority of the projected margin expansion.That goal depends on one shift; one that Yelp hasn't been able to master so far. Self-Serve and YELP StockFor Yelp to leverage sales and marketing spend, two things have to happen. First, revenue has to continue to grow. Secondly, Yelp has to drive that revenue growth while moderating its spending on sales and marketing.That's obviously easier said than done. That's particularly true given that Yelp's model requires intensive sales and marketing spend, which accounted for over half of 2018 revenue.The way to do this is to drive a "self-serve" model. At the moment, Yelp is selling most of its services - which undercuts the value (and operating leverage) of the platform. It's a model that looks a more like Groupon (NASDAQ:GRPN) than Match Group (NASDAQ:MTCH) or TripAdvisor (NASDAQ:TRIP). That's obviously not a good thing.So the pivot to more self-serve revenue makes some sense. The question is whether it will work. Yelp already is struggling with higher cancellations. And local advertising competition remains intense, with Facebook (NASDAQ:FB) an obvious rival and myriad other smaller and mid-sized offerings (including from newspapers).The concern here is obvious. Yelp is having trouble keeping customers even while it spends 50%+ of sales attracting and maintaining those customers. Can it do better in terms of retention while spending less (on a relative basis)?Investors don't believe it can. Right now, that skepticism makes some sense. But if Yelp can show some progress and regain investor confidence YELP stock is too cheap. That's a big 'if' - but it no doubt would lead to big rewards.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Big Data Stocks That Deserve a Closer Look * 7 Best Energy Funds to Outperform the Market * 5 Blue-Chip Stocks Ready to Rise Compare Brokers The post YELP Stock Needs More Than Big Promises from Management appeared first on InvestorPlace.
Match Group Inc NASDAQ/NGS:MTCHView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for MTCH with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding MTCH are favorable, with net inflows of $2.97 billion. Additionally, the rate of inflows is increasing. 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.
College kids headed to warmer climes for spring break can now use Tinder to find people to hang out with when they get there.
Joanna Glasner Contributor More posts by this contributor 2019 US VC funds take a more boutique approachVCs aren’t falling in love with dating startupsSome 17 years ago, when internet dating was popular but still kind of embarrassing to talk about, I interviewed an author who was particularly bullish on the practice.
Money can put a strain on a relationship in more ways than one, but making sure you’re on the same page financially as your partner can help.
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.
Yahoo Finance's Zack Guzman and Kristin Myers are joined by Brandon Copeland, NFL player, entrepreneur, and professor, to discuss a new dating survey with Brandon Wade, WhatsYourPrice.com founder and CEO.