Added to YB: 2024-03-18
Pitch date: 2024-03-14
ENFN [bearish]
Enfusion, Inc.
-17.47%
current return
Author Info
Spruce Point Capital Management is an activist investment manager specializing in forensic short-selling. Sign up for the newsletter.
Company Info
Enfusion, Inc. provides software-as-a-service solutions for investment management industry in the United States, Europe, the Middle East, Africa, and the Asia Pacific.
Market Cap
$1.0B
Pitch Price
$9.16
Price Target
3.70 (-66%)
Dividend
N/A
EV/EBITDA
47.81
P/E
356.07
EV/Sales
5.07
Sector
Software
Category
value
Spruce Point Capital Management: Enfusion, Inc. - $ENFN
ENFN: Spruce Point sees 40-60% downside on high restatement risk. Concerns: exec turnover, industry headwinds, questionable revenue recognition. Insiders selling as fundamentals deteriorate. Multiple contraction to 2.5-3.5x '24E sales = $3.70-$5.60/sh.
Read full article (7 min)