ThinkEquity
ThinkEquity is a New York-based boutique investment bank focused on IPOs, follow-on offerings, at-the-market programs and private placements for emerging growth companies. It carries the name of a San Francisco growth-focused research bank that operated from 2001 until its 2012 liquidation.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 512M
- Actions
- 512M
- Ratings / Price targets
- 5 / 0
- Initiations
- 3
- Buy-rated
- 100%of 5 rated
- On record
- May 2012 – Sep 2026
Overview
Research is headed by Ashok Kumar and covers emerging growth companies across technology, consumer, healthcare, energy and other sectors. As of February 2026 every rated stock carried a Buy, and about 85% of those companies had received investment banking services from the firm in the prior 12 months. ThinkEquity says it represents only clients it believes in and cites decades of expertise in "under followed, undiscovered, paradigm changing companies." As of 2026, it organizes non-deal roadshows introducing emerging growth companies to investors such as mutual funds, hedge funds and family offices.
Former Merrill Lynch managing directors Michael Moe and Deborah Quazzo founded ThinkEquity in San Francisco in 2001 as a research-centric growth investment bank. London's Panmure Gordon acquired it in 2007 and sold it to management in 2012; that October it closed its trading business, and it filed for Chapter 7 liquidation in November. The name re-emerged in April 2018 as a division of New York broker-dealer Fordham Financial Management, which later took the ThinkEquity name.
Milestones
- 2001
Founded in San Francisco by Michael Moe and Deborah Quazzo
- 2007
Acquired by London-based Panmure Gordon
- 2012
Closes trading business and files for Chapter 7 liquidation
- 2018
Name revived as a division of Fordham Financial Management
Firm facts
- Legal name
- ThinkEquity LLC
- Type
- Boutique
- Founded
- 2001
- Headquarters
- New York, United States
- Chief Executive Officer
- Ramnarain Jaigobind
- Head of Equity Research
- Ashok Kumar
- Rating scale
- BuyHoldSell12 months
- Also filed as
- Thinkequity
- Website
- think-equity.com
Research philosophy
Our goal is to identify opportunities that others can’t see and create superior value.
As of 2026, ThinkEquity says its research team aims to be the go-to source of information on each covered company and its industry.
Rating methodology
Ratings are Buy, Hold or Sell, defined as total return at least 10% above, in line with, or at least 10% below the S&P 500 over 12 months.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 AtlasClear Holdings, Inc.ATCH | Buy | — |
 Cyabra, Inc. Common StockCYAB | Buy | — |
 Micron Technology, Inc.MU | Buy | — |
 Super League Enterprise, Inc.SLE | Buy | — |
 Unusual Machines, Inc.UMAC | Buy | — |
Recent actions
| Date | Stock | Rating action | Rating |
|---|---|---|---|
| Sep 21 | Cyabra, Inc. Common StockCYAB | Initiate | Buy |
| Aug 17 | Unusual Machines, Inc.UMAC | Reiterate | Buy |
| Aug 3 | Micron Technology, Inc.MU | Reiterate | Buy |
| Jul 20 | AtlasClear Holdings, Inc.ATCH | Initiate | Buy |
| Jun 29 | Super League Enterprise, Inc.SLE | Initiate | Buy |
| Dec 5, 2022 | VAVivani Medical, Inc.VANI | Reiterate | Buy |
| Sep 6, 2022 | TLTiziana Life Sciences LtdTLSA | Reiterate | Buy |
| Jun 13, 2022 | TLTiziana Life Sciences LtdTLSA | Reiterate | Buy |
| Jan 24, 2022 | CNContext Therapeutics Inc.CNTX | Reiterate | Buy |
| Nov 25, 2020 | DRDarioHealth Corp.DRIO | Reiterate | Buy |
| Jun 22, 2020 | DRDarioHealth Corp.DRIO | Reiterate | Buy |
| Oct 11, 2012 |  Alphabet Inc.GOOG | Reiterate | Buy |