Since its launch in 2004, Seeking Alpha has become one of the most popular stock research websites in the world with more than 20 million visits per month.
These visitors are after one thing: High-quality investment research.
Seeking Alpha’s service is fueled by more than 7,000 contributors who produce more than 10,000 articles per month. Each article contains unique insight and analysis into individual investment opportunities.
So the question is: Is Seeking Alpha Premium worth it? Will you get more value out of these articles than you’re paying to access them?
First, I’m going to answer that question and score Seeking Alpha Premium based on Accessibility, Quality of Research/Analysis, and Price.
Then I’ll dive into a more in-depth Seeking Alpha Premium review and some of my favorite features.
Is Seeking Alpha Premium Worth It in ?
The Bottom Line: If you’re interested in hand-picking individual stocks, Seeking Alpha Premium is absolutely worth the money.
Quality of Research/Analysis: 4.5/5
Price: 4.5/5 (Seeking Alpha Premium costs $19.99/month when billed annually)
What is Seeking Alpha? (Seeking Alpha Review in )
Seeking Alpha is a crowdsourcing investment website that sources stock analysis and research through a consortium of contributors. Premium users get instant access to diverse opinions on all their favorite stocks, shared by a variety of knowledgeable investors.
Much of the content on the site is available for free, though users will quickly bump into a paywall after a number of article views.
For unlimited access to content, proprietary rating systems, and stock screening tools, you will need to sign up for one of the company’s subscription services: Seeking Alpha Premium or Seeking Alpha PRO.
In my opinion, Seeking Alpha Premium (cost: $19.99/month) is a much better value than Seeking Alpha PRO (cost: $199.99/month).
Key Features of Seeking Alpha Premium
I’ve broken down the key features of Seeking Alpha Premium into 3 main categories: Investment Research, Portfolio Monitoring, and Other.
1. Investment Research
The vast majority of the more than 10,000 monthly articles are labeled as investment ideas which fall into one of the following categories:
- Long Ideas – Stocks that the authors believe will increase in value long term.
- Editor’s Picks – Hand-selected articles based on in-depth research, the author’s track record, and other factors.
- Stock Ideas by Sector – Quickly scan through any sector of the market for potential investments.
- IPO Analysis – IPOs are among the most difficult assets to accurately price, making these articles especially valuable.
- Fund Letters – A curated list of letters from professionally managed funds outlining the investing landscape.
- Quick Picks – Stocks based on a specific investment theme or fundamental data.
Beyond the search function, Premium members can also customize their news dashboards to display articles on stocks and specific investment strategies they’re interested in first. This allows you to find the most relevant information in the sea of content on Seeking Alpha.
It’s worth noting, Seeking Alpha’s content should not be considered personal financial advice and is meant to be used as a way to supplement your own research.
Is Seeking Alpha reliable?
If you’re going to be making investment decisions based on what you read online, it’s important to check the validity of the research and ensure the source is worth reading.
The Article Sidebar makes this simple to do at-a-glance, allowing you to quickly understand the investment details and view the author’s sentiment on the particular stock.
The Sidebar includes the author’s stock rating (bullish, neutral, or bearish), the stock price chart, and ratings from proprietary scoring models (read about how to use stock analyst ratings).
Premium members can see the long-term track record of the contributors submitting the investment ideas. In addition, you can see each contributor’s favorite stocks.
By doing so, Seeking Alpha makes it easy to follow the recommendations from proven performers who are putting their own money into their ideas.
Seeking Alpha’s Quant Ratings system is a proprietary methodology for grading stocks from “Strong Buy” to “Strong Sell”.
Its Quant Ratings have performed exceptionally well:
The algorithmic ratings are derived from 5 components: value, growth, profitability, EPS revisions, and momentum.
In addition to its Quant Ratings, Seeking Alpha provides Factor Scorecards which measure stocks fundamentals. The scorecard ratings range from “A+” to “F”.
If you’re looking for dividend income, the Dividend Stock Scorecard can help you avoid stocks with unsustainable yields.
Earnings Call Transcripts & Recordings
Every quarter, companies are required to provide updated financial information. Seeking Alpha collects these transcripts, presentations, and records the calls so you can stay abreast of your investments’ latest financial positions.
Earnings Estimates & Surprises
For Premium members, the site offers analysts forecasts and earnings surprises visually so you can see to what extent the company beat or missed earnings expectations in recent quarters.
Like many platforms, Seeking Alpha has its own Stock Screeners. What makes this one unique is the availability of including its proprietary ratings systems and author analysis into your criteria.
If you’re into stock screeners, check out my Finviz Elite Review.
2. Portfolio Monitoring
Sync Brokerage Accounts
Members are able to connect their investment portfolios and monitor their holdings through the platform. When you attach your portfolio, you can receive alerts when news and articles are published around the tickers you’re invested in.
You can receive breaking news and upgrade and downgrade alerts on your portfolio holdings.
While these email alerts are available to all Seeking Alpha subscribers (including the Free tier), Premium members get a complete view of the data in the email they receive, while Free members must head to the website itself.
Read market headlines, articles on specific sectors and investment strategies, and ticker-specific news all in a completely customizable dashboard.
View an earnings calendar that lists upcoming calls and reports from stocks in your portfolio, and see EPS revisions as the market adjusts to the latest company news.
Portfolio Monitoring via Valuation Metrics
In addition to tracking your investments by price, you can view your positions by specific valuation rations, fundamentals, and author ratings metrics.
Seeking Alpha is also on our list of the best stock tracking apps and is my favorite option for intermediate to advanced investors.
3. Other Seeking Alpha Features
The Stock Ideas feed shows the articles that people are reading the most and collects articles by investing themes, allowing you to easily find content relevant to your interests.
Seeking Alpha hosts 8 different investing podcasts, ranging from daily market news to specific investing strategies.
You can receive up to 15 free newsletters covering different themes, allowing you to quickly find links to articles you may be interested in.
In addition to their free articles, many Seeking Alpha contributors offer subscription services in the form of investing newsletters. This content will give you access to model portfolios that you won’t get anywhere else.
The Investing Strategy section features educational articles which can help shape your overall portfolio make-up and strategy.
As you can tell, there are A LOT of features on Seeking Alpha Premium.
By far the most valuable piece of upgrading is getting unlimited access to the thousands of investment ideas posted each month. If you don’t want these reports, Premium is likely not for you.
You should pay for Seeking Alpha Premium if you’re a fundamental investor who buys individual stocks and wants access to high-quality, thorough investment research from a variety of contributors to help you outperform the market.
For active investors, Seeking Alpha Premium is a very prudent (and profitable) investment in .
If you want a similar service but prefer to invest in mutual funds, Morningstar Premium is probably a better fit.
If you prefer a more passive approach to investing and want to take a hands-off approach, I would recommend a robo-advisor like Betterment.
And if you’re looking for a service that provides a couple stock picks each month with home-run potential, I always recommend Motley Fool Stock Advisor.
If you’re looking to perform your own fundamental analysis and want to stay abreast of the latest stock ratings from the top 1% Wall Street analysts, check out WallStreetZen.