Despite a positive trading update on Thursday, Whispir shares were off almost 4 per cent by lunchtime.
has pushed the likes of Xero, WiseTech and TechnologyOne down more than 10 per cent over the past month, and the SThe rotation out of tech was also evident on Thursday in Block’s lacklustre debut on the ASX, in which it traded flat.
“From my perspective, there’s such a mispricing of where Whispir sits relative to our peers,” he said. Fellow SaaS stock WiseTech, which has slipped 11 per cent in the past month but has long been one of the most highly valued tech stocks on the ASX, has a forward-looking revenue multiple of more than 26 times, based on the upper end of its $600 million to $635 million revenue guidance range for 2021-22.
The bulk of the additional revenue growth comes from Whispir’s use as part of the government’s COVID-19 vaccine rollout.
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