BLZE vs. CTV, MTLS, RDVT, PRCH, ONTF, AMSWA, DOMO, MIXT, AEYE, and CCSI
Should you be buying Backblaze stock or one of its competitors? The main competitors of Backblaze include Innovid (CTV), Materialise (MTLS), Red Violet (RDVT), Porch Group (PRCH), ON24 (ONTF), American Software (AMSWA), Domo (DOMO), MiX Telematics (MIXT), AudioEye (AEYE), and Consensus Cloud Solutions (CCSI). These companies are all part of the "prepackaged software" industry.
Innovid (NYSE:CTV) and Backblaze (NASDAQ:BLZE) are both small-cap computer and technology companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, community ranking, risk, profitability, institutional ownership, media sentiment, dividends, earnings and analyst recommendations.
Innovid has a beta of 3.28, meaning that its stock price is 228% more volatile than the S&P 500. Comparatively, Backblaze has a beta of 1.21, meaning that its stock price is 21% more volatile than the S&P 500.
Backblaze received 5 more outperform votes than Innovid when rated by MarketBeat users. However, 66.67% of users gave Innovid an outperform vote while only 57.50% of users gave Backblaze an outperform vote.
In the previous week, Backblaze had 1 more articles in the media than Innovid. MarketBeat recorded 4 mentions for Backblaze and 3 mentions for Innovid. Innovid's average media sentiment score of 1.02 beat Backblaze's score of 0.00 indicating that Backblaze is being referred to more favorably in the news media.
Innovid currently has a consensus target price of $2.70, indicating a potential upside of 35.00%. Backblaze has a consensus target price of $14.00, indicating a potential upside of 94.17%. Given Innovid's stronger consensus rating and higher probable upside, analysts clearly believe Backblaze is more favorable than Innovid.
25.5% of Innovid shares are held by institutional investors. Comparatively, 54.0% of Backblaze shares are held by institutional investors. 9.9% of Innovid shares are held by company insiders. Comparatively, 5.2% of Backblaze shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Innovid has a net margin of -20.24% compared to Innovid's net margin of -48.62%. Backblaze's return on equity of -7.81% beat Innovid's return on equity.
Innovid has higher revenue and earnings than Backblaze. Innovid is trading at a lower price-to-earnings ratio than Backblaze, indicating that it is currently the more affordable of the two stocks.
Summary
Innovid and Backblaze tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding BLZE and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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