ATDS - Goldman Small Cap Research Issues Research Update on Data443 Risk Mitigation Inc.

BALTIMORE, MD / ACCESSWIRE / April 2, 2020 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new research update on emerging cybersecurity provider Data443 Risk Mitigation, Inc. (OTC PINK:ATDS), formerly known as LandStar, Inc., highlighting recent events and potential future share price valuations. To read this update, listen to/view recent Data 443 and LandStar podcasts, reports and updates, along with disclosures and disclaimers, or to download them in their entirety, please visit https://bit.ly/348vFG7.

In the Goldman Small Cap Research Opportunity Research Update, analyst Rob Goldman offers key insights into valuations for the Company and its peer group.

Goldman noted, "These may be unusual times given the current COVID-19 pandemic, which explains in part, why ATDS stock has sold off so sharply. We believe savvy investors/traders will recognize huge upside and limited downside in ATDS due to the fact that business fundamentals are unchanged and that ATDS is built for this economy. Thus, we believe active sellers that have severely sold off the stock won't enjoy the future upside."

"One of the key positives inherent in the ATDS story is that with a distributed and growing remote workforce, the core email archiving, and classified docs for lawsuit e-discovery features of ATDS' key subsidiaries are more important than ever," according to Goldman. "Plus, FY19 financials will be released soon and they will likely show revenue of $1.5-$1.9M-yet the market cap is around $1M. Plus sales could reach $5M this year-all demonstrating tremendous value."

"Our new target reflects the average FY20E P/S multiple of key comps Varonis and Sail Technologies, which have had only a small sell-off, relative to the misunderstood ATDS. At our price target, the stock would trade 3x FY20E sales---a 40% P/S discount to the comps. In January the stock traded at $0.70 and we believe it will trade there again in 2H20. Even at a paltry 2x FY19E, the new floor should be more than double current prices," concluded Goldman.

About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.

Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.

This press release contains excerpts of our most recently published sponsored company research report on Data443 Risk Mitigation, Inc. which carries price targets. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Data443 Risk Mitigation, Inc.'s ("the Company") authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.

Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.

A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, podcast interview, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. To download this research report or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Since 2018, Goldman Small Cap Research has been compensated by the Company in the amount of $7600 for a research subscription service, including reports, alerts, updates, podcasts, and press release production and distribution, and $2700 by a third party.

For more information, please visit: www.Data443.com

CONTACT:

Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com

SOURCE: Goldman Small Cap Research