Latch Is Up Nearly 6% Today – Here’s Where to Buy it

Technology is quickly swallowing up all aspects of our lives. Latch is a unique company that provides software and hardware for smart houses.

If you are into small, undervalued stocks, Latch should be on your radar. What’s for sure is that this small new company has already caught the attention of a SPAC run by Tishman Speyer – in case this doesn’t ring any bells, you may want to know that it’s the real estate company behind the Rockefeller Center in NY.

What is so unique about Latch? Let’s find out in the next sections below.

How & Where to Buy Latch Stock Online

Latch (NASDAQ: LTCH) is a small company that became public in December 2020. As a result, it may not be available on just any trading platform. We’ve done the research and came up with these top online brokers if you want to invest in Latch and many other innovative tech companies:

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Pepperstone

Pepperstone was founded in 2010 in Melbourne, Australia by a team of experienced traders with a shared commitment to improve the world of online trading. Frustrated by delayed executions, expensive prices and poor customer support, they set out to provide traders around the world with superior technology, low-cost spreads and a genuine commitment to helping them master the trade. Their mission is to create a world of tech-enabled trading where ambitious traders can embrace the challenge and opportunity of global markets.

What Is Latch?

Latch, as the name suggests, is a company that deals with smart lock technology for homes and offices. What makes it stand out from the crowd is that, in this niche, companies provide either software or hardware. However, Latch provides both: LatchOS and a broad array of hardware, including intercoms, delivery assistants, and others.

Should I Buy Latch Today?

Latch makes money from the two sides of its operations: first, the company has LatchOS, which is a piece of cloud-based software that provides remote access to its hardware. Access to the software is obtained by paying a recurring fee, while the hardware is another source of revenue.

As of now, the company has a massive recurring revenue of $48.8 million. This is the result of their bookings. For instance, real estate companies that build companies enter into an agreement with Latch. The smart home company installs all the smart home hardware, and the real estate company starts paying for their services before they rent or sell the houses being built. This has resulted in revenue growth of 120% compared to 2020.

Although Latch currently has several important contracts in the U.S., including one with the Empire State Building, they are not in Europe just yet. The company plans to expand globally, which could represent a massive opportunity for investors.