Everyone loves payday. Just like everyone else, once I get that sweet deposit in the bank it starts burning a hole in my pocket. Before much time I am ready to blow it all on a shopping spree. My store of choice is the stock market, and I’m shopping for the best deals on companies. Here is what I dropped my $1,000 on this Friday, August 3rd.
Match Group (MTCH)
The sixteenth pick of the Let’s Be Millionaires investment series goes to Match Group (MTCH).
Match group is a huge player in the online dating space boasting names such as Match.com, OkCupid, and Tinder. I like that they span a wide range when it comes to the level of formality you may look for in a dating site/app. Now that we are in 2018, online dating is a widely accepted practice and almost everyone seems to have a friend that met their spouse on Tinder. Honestly, this feels like one of the safest picks I have made in this series. Whether you want to just swipe on some pictures or build out a full profile for a matching algorithm, match group has got you covered.
Check out Match group and all of their associated services here.
About The Stock
MTCH stock has a short history, having gone public back in November of 2015, opening around $15 a share. Its first few months, the stock traded downward to a low of around $9 in February 2016 before entering an uptrend that has continued until present time. The stock now trades for $37 a share.
Match has very strong revenue bringing in over 1.3 billion dollars in 2017.
The stock’s P/E ratio is 21 which is a very reasonable P/E in the current market landscape. The market cap is right around 10 billion dollars.
This stock could be considered an international, mid-cap, consumer discretionary/tech, growth stock.
While competition seems to be popping up left and right I think that Tinder will remain the 800 pound gorilla of dating apps. Not only will it remain ubiquitous but I could see more and more people willing to pay $9.99 a month for their added features as well as increased advertising revenue from partnerships. Match group also has a huge variety of dating sites and apps and therefore has probably some of the best data on the industry.
I think that Match Group will be able to capitalize on this trend and expand its market share even further when it comes to online dating and dating apps and I am very optimistic for the different partnerships and avenues that they can take with their various platforms down the road.
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