Owner of Tinder Is The 'Unsung Hero' of the Internet



Tinder and Match owner InterActive Corp is unsung hero of the internet

Tinder Halloween costumeJoel Balcita shows his homemade Tinder App costume at the West Hollywood Halloween Costume Carnaval. Reuters/Jonathan Alcorn

InterActiveCorp (IAC) is the "unsung hero of the internet" in the eyes of Jefferies analysts and shares will likely to soar due to the potential of the brands it owns in global media and the internet space. The firm says IAC shares are likely to soar 20% to 0 apiece.

"IAC remains a top mid-cap pick and despite recent outperformance we continue to believe the stock is undervalued," the group, led by Brent Thill, said in a note sent out to clients on Monday.

The internet company, with a billion market cap, owns more than 150 brands. Among them are Match Group, which operates several US online dating sites including Tinder, and ANGI Homeservices, the world's largest digital marketplace for home services.

"Around 3.8 million paid Tinder subs is less than the incoming freshmen college class in the U.S. alone (4-5 million)," the team wrote.

"We continue to believe that Tinder remains in the early innings of monetization. Industry tailwinds are favorable for ANGI (90% of service requests are executed offline, around 0 billion domestic total addressable market) and the long-term international opportunity should help fuel future growth."

As of June 30, InterActiveCorp had 81.2% economic interest and 97.6% voting interest in Match Group.






Video: Tinder employees file lawsuit against IAC Match Group

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Date: 16.12.2018, 15:29 / Views: 63541