- Shares of SurveyMonkey have dropped nearly 10% after reporting Q3 results, despite a slight beat to Wall Street's expectations.
- Continued ramp in SurveyMonkey's enterprise business, which is growing north of 50% y/y and now represents nearly a third of revenue, is key.
- Investment in enterprise sales is weighing slightly on profitability, but SurveyMonkey remains both pro forma profitable and cash flow positive.
- The stock's <7x forward revenue multiple is a rarity in the SaaS sector.
For further details see:
SurveyMonkey: These Days, Value Like This Is Hard To Find