Some research of months ago is now already outdated, but still an interesting remark from the Management that it believes the share price has potential to get to 25$:
https://dawsonjames.com/wp-content/uplo ... 082018.pdfFirst, TEUM shares trade at 11.8x trailing revenue, which is
only a modest discount to comps. However, if we plug in our 2020 revenue
estimate, given the company’s rapid organic growth and addition of Artilium, this
ratio drops to just 1.9x. Even at our $5 price target, this would represent a multiple
of 4.5x. While the company’s market cap is smaller than its peers, our projected
revenue number is comparable to peers. Only one company, LogMeIn, trades near
our target multiple, while the average multiple is 13.9x.
Twilio, which is a hedge
fund favorite presently, trades at 23.9x. Management noted on its call that it
believes that it can get the share price to $25. We believe that the comps
demonstrate that such a sharp increase in the stock price is consistent with SaaS
trading multiples.