NOVT vs. SQSP, CRUS, NVMI, BMI, ATKR, SMAR, LFUS, BILL, CLS, and RMBS
Should you be buying Novanta stock or one of its competitors? The main competitors of Novanta include Squarespace (SQSP), Cirrus Logic (CRUS), Nova (NVMI), Badger Meter (BMI), Atkore (ATKR), Smartsheet (SMAR), Littelfuse (LFUS), BILL (BILL), Celestica (CLS), and Rambus (RMBS).
Novanta (NASDAQ:NOVT) and Squarespace (NYSE:SQSP) are both mid-cap computer and technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their earnings, risk, community ranking, media sentiment, valuation, institutional ownership, profitability, analyst recommendations and dividends.
Novanta has a beta of 1.35, suggesting that its stock price is 35% more volatile than the S&P 500. Comparatively, Squarespace has a beta of 0.52, suggesting that its stock price is 48% less volatile than the S&P 500.
98.3% of Novanta shares are owned by institutional investors. Comparatively, 92.3% of Squarespace shares are owned by institutional investors. 1.2% of Novanta shares are owned by insiders. Comparatively, 45.0% of Squarespace shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Novanta has higher earnings, but lower revenue than Squarespace. Squarespace is trading at a lower price-to-earnings ratio than Novanta, indicating that it is currently the more affordable of the two stocks.
Novanta has a net margin of 7.76% compared to Squarespace's net margin of -0.70%. Novanta's return on equity of 16.58% beat Squarespace's return on equity.
Novanta received 243 more outperform votes than Squarespace when rated by MarketBeat users. Likewise, 72.14% of users gave Novanta an outperform vote while only 49.59% of users gave Squarespace an outperform vote.
Squarespace has a consensus target price of $42.08, indicating a potential downside of 3.96%. Given Squarespace's higher possible upside, analysts clearly believe Squarespace is more favorable than Novanta.
In the previous week, Squarespace had 70 more articles in the media than Novanta. MarketBeat recorded 72 mentions for Squarespace and 2 mentions for Novanta. Novanta's average media sentiment score of 1.52 beat Squarespace's score of 0.36 indicating that Novanta is being referred to more favorably in the media.
Summary
Novanta beats Squarespace on 12 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NOVT 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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