PCOR vs. CFLT, ESTC, PATH, DUOL, DOCU, SPSC, KVYO, GEN, BRZE, and ZETA
Should you be buying Procore Technologies stock or one of its competitors? The main competitors of Procore Technologies include Confluent (CFLT), Elastic (ESTC), UiPath (PATH), Duolingo (DUOL), DocuSign (DOCU), SPS Commerce (SPSC), Klaviyo (KVYO), Gen Digital (GEN), Braze (BRZE), and Zeta Global (ZETA). These companies are all part of the "prepackaged software" industry.
Procore Technologies (NYSE:PCOR) and Confluent (NASDAQ:CFLT) are both large-cap business services companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, dividends, earnings, media sentiment, risk, community ranking and profitability.
Procore Technologies has a beta of 0.78, suggesting that its stock price is 22% less volatile than the S&P 500. Comparatively, Confluent has a beta of 0.93, suggesting that its stock price is 7% less volatile than the S&P 500.
In the previous week, Confluent had 14 more articles in the media than Procore Technologies. MarketBeat recorded 20 mentions for Confluent and 6 mentions for Procore Technologies. Procore Technologies' average media sentiment score of 1.33 beat Confluent's score of 0.79 indicating that Procore Technologies is being referred to more favorably in the media.
Confluent received 6 more outperform votes than Procore Technologies when rated by MarketBeat users. However, 57.69% of users gave Procore Technologies an outperform vote while only 45.25% of users gave Confluent an outperform vote.
81.1% of Procore Technologies shares are held by institutional investors. Comparatively, 78.1% of Confluent shares are held by institutional investors. 39.2% of Procore Technologies shares are held by insiders. Comparatively, 13.8% of Confluent shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Procore Technologies has a net margin of -13.64% compared to Confluent's net margin of -46.73%. Procore Technologies' return on equity of -8.25% beat Confluent's return on equity.
Procore Technologies has higher revenue and earnings than Confluent. Procore Technologies is trading at a lower price-to-earnings ratio than Confluent, indicating that it is currently the more affordable of the two stocks.
Procore Technologies presently has a consensus target price of $81.79, suggesting a potential upside of 17.75%. Confluent has a consensus target price of $33.04, suggesting a potential upside of 2.50%. Given Procore Technologies' stronger consensus rating and higher probable upside, research analysts plainly believe Procore Technologies is more favorable than Confluent.
Summary
Procore Technologies beats Confluent on 12 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding PCOR 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 NYSE 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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