MNTV

Momentive Global Inc

TMT


Presented:09/20/2019
Price:$18.08
Cap:$2.41B
Current Price:$9.45
Cap:$1.42B

Presented

Date09/20/2019
Price$18.08
Market Cap$2.41B
Ent Value$2.32B
P/E RatioN/A
Book Value$2.18
Div Yield0%
Shares O/S133.08M
Ave Daily Vol1,721,682
Short Int7.92%

Current

Price$9.45
Market Cap$1.42B
SVMK, Inc. engages in the provision of survey software products. Its People Powered Data platform enables organizations of any size to have conversations at scale to deliver customer, employee, and market insights. The company was founded by Ryan Finley in 1999 and is headquartered in San Mateo, CA.

Please note, on 6/9/21 SVMK, Inc. (SVMK) changed its company name and ticker to Momentive Global Inc. (MNTV). The content of this idea will make reference to the original company name and ticker symbol.

Publicly traded companies mentioned herein: Adobe Inc (ADBE), Alphabet Inc (GOOG, GOOGL), Amazon.com Inc (AMZN), eBay Inc (EBAY), Expedia Group Inc (EXPE), Microsoft Corp (MSFT), Oracle Corp (ORCL), salesforce.com Inc (CRM), SAP SE (SAP), Slack Technologies Inc (WORK), SVMK Inc (SVMK), Zoom Video Communications Inc (ZM)

Highlights

The presenter is long shares of SVMK Inc (SVMK), the company formerly known as SurveyMonkey. He believes its story is generally misunderstood, as many still view it as the same simple, low-tech survey provider that was first introduced a decade ago. In his view, the new management team has built an enterprise SaaS leader in the growing experience management software market by investing in a full suite of high-quality solutions that allow companies to understand the “why” behind customer and employee behavior. As this market continues to grow, SVMK has and will continue to leverage its strong brand recognition and its cost-effective “freemium” customer acquisition model to drive impressive growth. While his 2019 revenue growth estimate is in-line with the Street’s ~20% sustainable expectation, he sees growth accelerating to a sustainable 25% – 30% beginning in 2020. As this outperformance occurs, he also finds it appropriate for SVMK’s ~7.5x forward EV/Revenue multiple to rerate closer to public SaaS companies with similar growth profiles. At a 10x 2020 revenue multiple, the low end of the peer range, he targets a move toward ~$30 from the current ~$18. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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