TipRanks has further expanded its level of expertise with last week’s acquisition of “Main Street Data,” a groundbreaking website. Main Street Data (MSD) is a visual-first platform for the fundamental investor. It presents unique, user-friendly datasets that cannot be found on competitors’ websites.
One of the most prominent features of MSD is its customized KPIs (Key Performance Indicators) for any public company. The site provides relevant, up-to-date KPIs of 600 popular companies, giving investors invaluable data to help with their decision-making. For example, for Tesla (TSLA) stock, MSD provides quarterly, company-specific KPIs such as the total amount of Energy Storage Deployed, number of Vehicles Delivered, and number of Active Supercharger Stations opened.
Having access to KPI data will allow professional investors to identify early success trends and compare companies based on industry KPIs alongside the companies’ financials.
Example: Tesla – number of Vehicles Delivered QoQ
Additionally, MSD features exclusive charting abilities. Its users can easily create individual or comparison charts about a wide range of companies, drawing from popular metrics such as Cash Flow and Fundamental Ratios. Furthermore, they can chart each company’s distinctive KPIs. For example, when charting Apple (AAPL) stock, they can add the distinctive KPI of Gross Profit by Type of Product.
Example: Comparison between Netflix and Disneys’ paid memberships. This KPI is one of the most prominent factors behind both stocks’ recent movement.
Integrating MSD’s data with TipRanks’ proprietary datasets creates an unparalleled experience for investors. It allows investors to benefit from better research and better AI solutions such as the AI Analyst. which TipRanks launched in March. Together, they provide everything needed for in-depth research into stocks and the companies behind them.
Uri Gruenbaum, CEO of TipRanks, said, “I am delighted to incorporate Main Street Data into TipRanks’ top-level offerings. The unique company KPIs and charting abilities of Main Street Data further enhance TipRanks’ successful efforts in leveling the playing field for everyday investors. We continually strive to enhance the user experience at TipRanks, and this acquisition is one more building block along that path.”
Joe Kelley, Founder and CEO of Main Street Data, said, “I’m thrilled to join the TipRanks team as we shape the future of investment research. I founded MSD with the goal of simplifying fundamental analysis and providing unique metrics. With TipRanks, we’ll be able to offer unparalleled data, real-time news, and an exceptional user experience to a global audience. Our mission aligns seamlessly with TipRanks’ goal: empowering everyday investors with the same insights as top financial institutions.”