Financial news, analysis, and technology provider TipRanks announced on Tuesday that it has acquired Main Street Data.
Launched in 2023, Main Street Data is a technology firm for retail traders that lets them easily visualise financial data for listed companies.
For example, you can use the company’s platform to easily look at at changes in a company’s net income over time or other fundamental data points.
What is more unique about the company is the ability to filter down to more idiosyncratic parts of a company’s financials.
For example, you can use its charts to look at how many models of a specific car Tesla has sold or the profitability of the latest iPhone for Apple.
Users can then take those data points and build custom charts, with the ability to do simple comparisons between different companies.
“I’m thrilled to join the TipRanks team as we shape the future of investment research,” said Main Street Data Founder Joe Kelley.
“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.”
TipRanks was itself acquired last year by Prytek in a deal worth $200m. Prytek is an investment group and holding company that operates several companies across financial services and cybersecurity.
