Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>DoubleVerify's first quarter 2024 results showcase robust revenue growth, enhanced profitability, and increased operational cash flow, which reflect positively on the company's ability to adapt and capitalize on dynamic market trends, particularly in the digital advertising sectors like Connected TV (CTV) and social media.</li><li>The company reported a revenue of $141 million, marking a 15% year-over-year increase and exceeded the top end of its guidance ranges on both revenue and adjusted EBITDA, demonstrating effective management and solid operational execution.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

DoubleVerify's first quarter 2024 results showcase robust revenue growth, enhanced profitability, and increased operational cash flow, which reflect positively on the company's ability to adapt and capitalize on dynamic market trends, particularly in the digital advertising sectors like Connected TV (CTV) and social media.The company reported a revenue of $141 million, marking a 15% year-over-year increase and exceeded the top end of its guidance ranges on both revenue and adjusted EBITDA, demonstrating effective management and solid operational execution.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

DoubleVerify Holdings Inc.: Development and Adoption of Social Media Measurement Tools Upping The Game? - Major Drivers

<ul><li>DoubleVerify Holdings, Inc. continues to deliver decent results.</li><li>Revenues, which increased by 27% to reach $572.5 million, underlined DoubleVerify’s successful third year as a public company.</li><li>Additionally, the company's platform processed over seven trillion billable media transactions across various digital media devices and formats.</li></ul>

DoubleVerify Holdings, Inc. continues to deliver decent results.Revenues, which increased by 27% to reach $572.5 million, underlined DoubleVerify’s successful third year as a public company.Additionally, the company's platform processed over seven trillion billable media transactions across various digital media devices and formats.

DoubleVerify Holdings: The Meta Opportunity & 3 Other Critical Growth Drivers

Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Thematic (Sector/Industry)

<ul>
<li>Earlier this week, our team attended the Vancouver Resource Investment Conference (VRIC) in order to explore new ideas in the metals &amp; mining industry.</li>
<li>This report dives into a brief overview of some of the projects that we found to be the most promising out of the 200+ exhibitors.</li>
<li>DV is a leading Canadian silver and gold exploration company, currently advancing one of the largest high-grade silver/precious metals assets in BC’s Golden Triangle, the Kitsault Valley project. I</li>
</ul>


Earlier this week, our team attended the Vancouver Resource Investment Conference (VRIC) in order to explore new ideas in the metals &amp; mining industry.
This report dives into a brief overview of some of the projects that we found to be the most promising out of the 200+ exhibitors.
DV is a leading Canadian silver and gold exploration company, currently advancing one of the largest high-grade silver/precious metals assets in BC’s Golden Triangle, the Kitsault Valley project. I


<ul><li>This is our first report on DoubleVerify Holdings, a renowned software platform for digital media measurement, data, and analytics.</li><li>Based on DoubleVerify's third quarter 2023 earnings, the company exhibits decent performance in revenue growth and expanding its client base.</li><li>DoubleVerify delivered an outstanding Q3 supported by key growth drivers across all leading global markets and key digital media environments such as social, programmatic, retail media, and CTV.</li></ul>

This is our first report on DoubleVerify Holdings, a renowned software platform for digital media measurement, data, and analytics.Based on DoubleVerify's third quarter 2023 earnings, the company exhibits decent performance in revenue growth and expanding its client base.DoubleVerify delivered an outstanding Q3 supported by key growth drivers across all leading global markets and key digital media environments such as social, programmatic, retail media, and CTV.

DoubleVerify: Initiation of Coverage - The Surprising Way User-Generated Content Is Boosting Their Business - Major Drivers

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bigtincan-holdings-ltd" target="_blank" data-smartkarma-citation="entities:29067:1" rel="noopener">Bigtincan Holdings Ltd (BTH AU)</a> disclosed a non-binding indicative offer of A$0.80 per share offer from SQN, a skinny 17.6% premium to the undisturbed price.</li>
<li>The offer is unattractive on several fronts and is the latest beaten-down ASX tech stock to be subject to a PE bid. Expect the Board to reject the offer.</li>
<li>Bigtincan also revealed other non-binding expressions of interest. This offer could flush out other potential bidders. At the last close, the gross spread is 6.0%.</li>
</ul>



Bigtincan Holdings Ltd (BTH AU) disclosed a non-binding indicative offer of A$0.80 per share offer from SQN, a skinny 17.6% premium to the undisturbed price.
The offer is unattractive on several fronts and is the latest beaten-down ASX tech stock to be subject to a PE bid. Expect the Board to reject the offer.
Bigtincan also revealed other non-binding expressions of interest. This offer could flush out other potential bidders. At the last close, the gross spread is 6.0%.


Bigtincan (BTH AU)’s Lightweight A$0.80 Offer from SQN

United States

DoubleVerify Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides software platform for digital media measurement and analytics. DoubleVerify Holdings serves customers worldwide.

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DoubleVerify (DV US)

DoubleVerify Holdings: The Meta Opportunity & 3 Other Critical Growth Drivers

DoubleVerify Holdings, Inc. continues to deliver decent results. Revenues, which increased by 27% to reach $572.5 million, underlined...

Baptista Research

Top Ideas from VRIC 2024

Earlier this week, our team attended the Vancouver Resource Investment Conference (VRIC) in order to explore new ideas in the metals & mining...

Atrium Research

DoubleVerify: Initiation of Coverage - The Surprising Way User-Generated Content Is Boosting Their Business - Major Drivers

This is our first report on DoubleVerify Holdings, a renowned software platform for digital media measurement, data, and analytics. Based on...

Baptista Research

Bigtincan (BTH AU)’s Lightweight A$0.80 Offer from SQN

Expect the Board to reject the offer as it is light. The indicative offer could spark other interested parties to show their hand. We would be...

Arun George

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

DoubleVerify Holdings Inc.: Development and Adoption of Social Media Measurement Tools Upping The Game? - Major Drivers

DoubleVerify's first quarter 2024 results showcase robust revenue growth, enhanced profitability, and increased operational cash flow, which...

Baptista Research

DoubleVerify Holdings: The Meta Opportunity & 3 Other Critical Growth Drivers

DoubleVerify Holdings, Inc. continues to deliver decent results. Revenues, which increased by 27% to reach $572.5 million, underlined...

Baptista Research

Top Ideas from VRIC 2024

Earlier this week, our team attended the Vancouver Resource Investment Conference (VRIC) in order to explore new ideas in the metals & mining...

Atrium Research

DoubleVerify: Initiation of Coverage - The Surprising Way User-Generated Content Is Boosting Their Business - Major Drivers

This is our first report on DoubleVerify Holdings, a renowned software platform for digital media measurement, data, and analytics. Based on...

Baptista Research

Bigtincan (BTH AU)’s Lightweight A$0.80 Offer from SQN

Expect the Board to reject the offer as it is light. The indicative offer could spark other interested parties to show their hand. We would be...

Arun George