We have launched coverage of 14 additional enterprise software companies. Our models use a combination of SaaS metrics and non-GAAP financials to predict the current stock price. The relationship with our Enterprise focused model and the current stock prices (adjusted r-square) is 0.87 and for companies with an SMB/Entrepreneur focus our model has an adjusted r-square of 0.68. The performance of these stocks will be tracked in the Perspectec General Portfolio. In addition, we are moving Salesforce.com (CRM) from our Focused Portfolio to our General.Portfolio, due to a change in associate coverage. With this launch, we have published our Enterprise […]
ZEN
2 posts
We have created and updated our Mid-Sized, Slow Growth (SMB Focused) SaaS Comps table while launching coverage of ZEN in our Perspectec General Portfolio. Our target prices are based on a multiple regression model with a multiple r-squared of over 0.65 and r-squared of 0.90. We expect to improve this model moving forward. We do not use targets for Hubspot, RingCentral or Wix at the moment as we believe there are more accurate methods that can be a driver to their stock prices. We believe these metrics are reasonable in the absence of earnings due to the higher likelihood of these […]