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>Envestnet's second quarter 2024 results highlight several key aspects of the company's financial and operational status, alongside a significant corporate development.</li><li>The company announced a definitive agreement to be acquired by Bain Capital, a move which, as outlined by the board, is seen as beneficial for providing value to shareholders.</li><li>This transition to private ownership is expected to support Envestnet's strategic initiatives, including further investments to enhance its platform.</li></ul>

Envestnet's second quarter 2024 results highlight several key aspects of the company's financial and operational status, alongside a significant corporate development.The company announced a definitive agreement to be acquired by Bain Capital, a move which, as outlined by the board, is seen as beneficial for providing value to shareholders.This transition to private ownership is expected to support Envestnet's strategic initiatives, including further investments to enhance its platform.

Envestnet Inc.: 4 Reasons We Are Worried Despite The Focus On Subscription-Based Revenue! - Major Drivers

<ul><li>Envestnet reported a strong first quarter in 2024, demonstrating significant progress in both growth and efficiency.</li><li>Revenue for the quarter stood at $325 million, marking a 9% year-over-year increase, closely aligning with the high end of the forecasted range.</li><li>This growth is indicative of the company's successful execution strategies and the strong demand for their robust platform offerings.</li></ul>

Envestnet reported a strong first quarter in 2024, demonstrating significant progress in both growth and efficiency.Revenue for the quarter stood at $325 million, marking a 9% year-over-year increase, closely aligning with the high end of the forecasted range.This growth is indicative of the company's successful execution strategies and the strong demand for their robust platform offerings.

Envestnet Inc.: Will The Enhanced Platform Integration and Efficiency Improve Their Bottom-line? - Major Drivers

<ul><li>This is our first report on Envestnet, a leading provider of integrated wealth management solutions.</li><li>The company announced strong financial results for the fourth quarter and full year of 2023 in its latest earnings call.</li><li>The company reported solid growth and successfully executed its strategic initiatives, leading to significant margin expansion.</li></ul>

This is our first report on Envestnet, a leading provider of integrated wealth management solutions.The company announced strong financial results for the fourth quarter and full year of 2023 in its latest earnings call.The company reported solid growth and successfully executed its strategic initiatives, leading to significant margin expansion.

Envestnet Inc.: Initiation Of Coverage - Discover the Top 6 Drivers Behind Its Rapid Expansion! - Financial Forecasts

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

Assetmark Financial Holdings / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/assetmark-financial-holdings" target="_blank" data-smartkarma-citation="entities:28186:1" rel="noopener">Assetmark Financial Holdings (AMK US)</a> is selling 12.5m shares (6.25m primary shares and 6.25m shares from parent <a href="https://www.smartkarma.com/entities/huatai-securities-co-ltd" target="_blank" data-smartkarma-citation="entities:28124:1" rel="noopener">Huatai Securities Co Ltd (HTSC LI)</a>) with a 1.875m greenshoe at an indicated range of USD19-21 per share, expecting to list on 17 Jul.The company offers a variety of technological solutions and consulting services for wealth managers, and currently boasts USD49.7bn in assets on its platform, managed by about 7,600 advisers of whom almost 2,000 manage over USD5m in assets each. Following the acquisition of Global Financial Private Capital in April for USD35.9m, the company should add USD3.6bn in assets to take the total on its platform above USD50bn.We examine the company's business model, industry and financial trends and competitor valuations below.

Assetmark Financial Holdings (AMK US) is selling 12.5m shares (6.25m primary shares and 6.25m shares from parent Huatai Securities Co Ltd (HTSC LI)) with a 1.875m greenshoe at an indicated range of USD19-21 per share, expecting to list on 17 Jul.The company offers a variety of technological solutions and consulting services for wealth managers, and currently boasts USD49.7bn in assets on its platform, managed by about 7,600 advisers of whom almost 2,000 manage over USD5m in assets each. Following the acquisition of Global Financial Private Capital in April for USD35.9m, the company should add USD3.6bn in assets to take the total on its platform above USD50bn.We examine the company's business model, industry and financial trends and competitor valuations below.

AssetMark IPO: Manage Your Wealth in the Other Direction

United States

Envestnet, Inc. develops and markets computer software for financial advisors. The Company develops Internet-based software that includes risk assessment, investment strategy selection, asset allocation, research and due diligence, portfolio construction, proposal generation, paperwork preparation, model management, account rebalancing, account monitoring, and other features.

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Envestnet Inc (ENV US)

Envestnet Inc.: 4 Reasons We Are Worried Despite The Focus On Subscription-Based Revenue! - Major Drivers

Envestnet's second quarter 2024 results highlight several key aspects of the company's financial and operational status, alongside a significant...

Baptista Research

Envestnet Inc.: Will The Enhanced Platform Integration and Efficiency Improve Their Bottom-line? - Major Drivers

Envestnet reported a strong first quarter in 2024, demonstrating significant progress in both growth and efficiency. Revenue for the quarter stood...

Baptista Research

Envestnet Inc.: Initiation Of Coverage - Discover the Top 6 Drivers Behind Its Rapid Expansion! - Financial Forecasts

This is our first report on Envestnet, a leading provider of integrated wealth management solutions. The company announced strong financial...

Baptista Research

AssetMark IPO: Manage Your Wealth in the Other Direction

Assetmark Financial Holdings (AMK US) is selling 12.5m shares (6.25m primary shares and 6.25m shares from parent Huatai Securities Co Ltd (HTSC...

Mio Kato

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