The article was written by Motek Moyen ResearchSeeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary
Its stock is no longer cheap but InterActiveCorp remains a buy. EMA analysis convinced me that its stock has enough momentum left to zoom up higher.
IAC is a decent growth stock that consistently grow its annual sales without incurring substantial increase in cost of revenue.
Tinder and Match.com are pandemic-resistant. There are just too many horny and polygamous people in this planet. Online dating will always be the favorite hobby of many earthlings.
Sex tourism is almost dead because of COVID-19. However, IAC’s leadership in online dating is secure. The online dating industry will still grow to become a $9.2 billion industry by 2025.
IAC is the fastest tech stock that recovered from March’s pandemic panic sell-off. It is now trading higher than its February highs.
This article was written by the I Know First Research Team.
IAC Performance vs S&P 500 and NASDAQ 100 over the past twelve months [Source: Yahoo Finance]
Summary
IAC is a holding company that owns more than 20 operating businesses comprising over 150 brands – this includes Match Group which owns Tinder, the world’s largest online dating platform
For Match Group as of March 31, 2019, IAC’s economic interest was 80.4% and IAC’s voting interest was 97.5%.
Tinder and other dating platforms are benefiting from secular tailwinds and have a massive runway of growth ahead
All of IAC’s other brands, many of which also have exciting upside, provide optionality at a reasonable price
IAC’s stake in Tinder is starting to look a lot like Nasper’s legendary bet on Tencent
IAC’s Family of Brands
In November 2015, IAC listed Match Group, owner of Tinder amongst thirteen other online dating brands including Match.com, OkCupid, and PlentyOf Fish. Match Group stock popped up 23% on IPO day from their initial listing price of $12. and since then IAC’s market capitalisation has followed Match Group onwards and upwards.
IAC ‘s 254.72% return since Match’s Nov ‘15 IPO (365.7% return) vs NASDAQ’s 46.90% & S&P’s 32.23% [Source: Yahoo Finance]
Match Group spawned from the desktop-based Match.com, and the group now owns multiple dating platforms, and is the market leader in this industry which is benefiting from a once in a generation shift to online
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