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 Capital Markets

ZoomInfo Technologies  / Equity Capital Markets

<ul><li>With its next set of results around the corner, ZoomInfo Technologies definitely has a lot to look forward to.</li><li>The company’s stock has remained stable in an otherwise bearish environment for the technology industry.</li><li>We provide the stock of ZoomInfo with a ‘Buy’ rating with a revision in the target price.</li></ul>

With its next set of results around the corner, ZoomInfo Technologies definitely has a lot to look forward to.The company’s stock has remained stable in an otherwise bearish environment for the technology industry.We provide the stock of ZoomInfo with a ‘Buy’ rating with a revision in the target price.

ZoomInfo Technologies Inc: ZoomInfo Labs Launch & Other Drivers

Fundamental Short Selling Research

Eric Fernandez, CFA

TwoRiversAnalytics

Equity Bottom-Up

ZoomInfo Technologies  / Equity Bottom-Up

<ul>
<li>This model seeks short-sale candidates among companies that use aggressive accounting and/or exhibit deteriorating quality of earnings.  </li>
<li>They are typically highly idiosyncratic shorts and require thoughtful analyses of upcoming catalysts.  When the company’s issues become well-known, there is often multiple compression as well as a rerating.</li>
<li>These shorts can have high or low betas, valuations based on artificial earnings and exhibit good short responses to subsequently disappointing earnings.</li>
</ul>


This model seeks short-sale candidates among companies that use aggressive accounting and/or exhibit deteriorating quality of earnings.  
They are typically highly idiosyncratic shorts and require thoughtful analyses of upcoming catalysts.  When the company’s issues become well-known, there is often multiple compression as well as a rerating.
These shorts can have high or low betas, valuations based on artificial earnings and exhibit good short responses to subsequently disappointing earnings.


Earnings Quality Short Candidates: ZoomInfo, Gogo, Elanco Animal Hlth, Sonos, Energizer

Credit

<ul><li>ZoomInfo Technologies is a major go-to-market intelligence and engagement platform that provides critical tools for sales and marketing teams and helps in lead generation and various other aspects of their work.</li><li>The company’s rapidly expanding Revel platform is a positive development and its expanding database bodes well for its enterprise customers.</li><li>ZoomInfo has recently partnered with Sales Confidence for empowering revenue professionals through data privacy compliance and sales solutions.</li></ul>

ZoomInfo Technologies is a major go-to-market intelligence and engagement platform that provides critical tools for sales and marketing teams and helps in lead generation and various other aspects of their work.The company’s rapidly expanding Revel platform is a positive development and its expanding database bodes well for its enterprise customers.ZoomInfo has recently partnered with Sales Confidence for empowering revenue professionals through data privacy compliance and sales solutions.

ZoomInfo Technologies Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>This is our first report on go-to-market intelligence and engagement platform, ZoomInfo Technologies which is catering to sales and marketing teams across the globe.</li><li>The expanding Revel platform of the company is a positive development and its expanding database bodes well for its enterprise customers.</li><li>ZoomInfo has recently partnered with Sales Confidence for empowering revenue professionals through data privacy compliance and sales solutions.</li></ul>

This is our first report on go-to-market intelligence and engagement platform, ZoomInfo Technologies which is catering to sales and marketing teams across the globe.The expanding Revel platform of the company is a positive development and its expanding database bodes well for its enterprise customers.ZoomInfo has recently partnered with Sales Confidence for empowering revenue professionals through data privacy compliance and sales solutions.

ZoomInfo Technologies Inc.: Initiation of Coverage – ZoomInfo Labs Launch

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

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DoorDash IPO is a big winner and it is likely to generate enormous institutional investors' interest. Founded in 2012, DoorDash Inc provides on-demand, prepared food delivery service mainly from restaurants. DoorDash has a nearly 50% market share in the U.S. on-demand, prepared food delivery services. DoorDash founders include Stanford students including Tony Xu, Stanley Tang, Andy Fang, and Evan Moore. 
DoorDash has shown tremendous improvement in sales and operating leverage in the past three years. DoorDash has clearly been one of the major beneficiaries of the extended COVID-19 pandemic and various lockdown measures in the US, forcing people to eat at home which resulted in a massive increase in delivery of prepared foods to home.
DoorDash's sales increased by 204% YoY to $885 million in 2019. Its sales continued to increase very fast by 226% YoY to $1,916 million in 1Q-3Q2020. The company's operating margins were relatively steady at -72.2% in 2018 and -69.8% in 2019. A most impressive figure was the company's HUGE improvement in operating margin to -6.8% in 1Q-3Q 2020, down from -81.6% in 1Q-3Q 2019.
As of June 2020, DoorDash was last valued at $16 billion. Since its establishment, DoorDash has raised more than $700 million. Major investors in DoorDash include Sequoia Capital, Khosla Ventures, and Softbank.
We are including DoorDash in our model portfolio.
</div>


DoorDash IPO is a big winner and it is likely to generate enormous institutional investors' interest. Founded in 2012, DoorDash Inc provides on-demand, prepared food delivery service mainly from restaurants. DoorDash has a nearly 50% market share in the U.S. on-demand, prepared food delivery services. DoorDash founders include Stanford students including Tony Xu, Stanley Tang, Andy Fang, and Evan Moore. 
DoorDash has shown tremendous improvement in sales and operating leverage in the past three years. DoorDash has clearly been one of the major beneficiaries of the extended COVID-19 pandemic and various lockdown measures in the US, forcing people to eat at home which resulted in a massive increase in delivery of prepared foods to home.
DoorDash's sales increased by 204% YoY to $885 million in 2019. Its sales continued to increase very fast by 226% YoY to $1,916 million in 1Q-3Q2020. The company's operating margins were relatively steady at -72.2% in 2018 and -69.8% in 2019. A most impressive figure was the company's HUGE improvement in operating margin to -6.8% in 1Q-3Q 2020, down from -81.6% in 1Q-3Q 2019.
As of June 2020, DoorDash was last valued at $16 billion. Since its establishment, DoorDash has raised more than $700 million. Major investors in DoorDash include Sequoia Capital, Khosla Ventures, and Softbank.
We are including DoorDash in our model portfolio.


DoorDash Inc IPO Preview - A Big Winner in the U.S. Prepared Food Delivery Services Market

United States

ZoomInfo Technologies Inc. provides marketing solutions. The Company offers sales and marketing, account management, prospecting, demand generation, and data management and custom solutions. ZoomInfo Technologies serves customers worldwide.

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ZoomInfo Technologies (ZI US)

ZoomInfo Technologies Inc: ZoomInfo Labs Launch & Other Drivers

With its next set of results around the corner, ZoomInfo Technologies definitely has a lot to look forward to. The company’s stock has remained...

Baptista Research

Earnings Quality Short Candidates: ZoomInfo, Gogo, Elanco Animal Hlth, Sonos, Energizer

Earnings Quality shorts lead to idiosyncratic alpha. Today, we show our model rankings and highlight ZoomInfo, Gogo, Elanco Animal Hlth, Sonos,...

Eric Fernandez, CFA

ZoomInfo Technologies Inc.: Detailed Credit Analysis & Financial Strength Evaluation Report

ZoomInfo Technologies is a major go-to-market intelligence and engagement platform that provides critical tools for sales and marketing teams and...

Baptista Research

ZoomInfo Technologies Inc.: Initiation of Coverage – ZoomInfo Labs Launch

This is our first report on go-to-market intelligence and engagement platform, ZoomInfo Technologies which is catering to sales and marketing...

Baptista Research

DoorDash Inc IPO Preview - A Big Winner in the U.S. Prepared Food Delivery Services Market

DoorDash IPO is a big winner and it is likely to generate enormous institutional investors' interest. DoorDash has a nearly 50% market share in the...

Douglas Kim

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