MGIC vs. WEAV, BAND, SCWX, CGNT, DDD, WKME, GDYN, LAW, BBAI, and CCSI
Should you be buying Magic Software Enterprises stock or one of its competitors? The main competitors of Magic Software Enterprises include Weave Communications (WEAV), Bandwidth (BAND), SecureWorks (SCWX), Cognyte Software (CGNT), 3D Systems (DDD), WalkMe (WKME), Grid Dynamics (GDYN), CS Disco (LAW), BigBear.ai (BBAI), and Consensus Cloud Solutions (CCSI). These companies are all part of the "prepackaged software" industry.
Weave Communications (NYSE:WEAV) and Magic Software Enterprises (NASDAQ:MGIC) are both small-cap computer and technology companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, risk, valuation, analyst recommendations, community ranking, media sentiment, earnings, dividends and profitability.
Magic Software Enterprises received 272 more outperform votes than Weave Communications when rated by MarketBeat users. Likewise, 60.21% of users gave Magic Software Enterprises an outperform vote while only 44.74% of users gave Weave Communications an outperform vote.
Weave Communications has a beta of 2.23, meaning that its stock price is 123% more volatile than the S&P 500. Comparatively, Magic Software Enterprises has a beta of 1.12, meaning that its stock price is 12% more volatile than the S&P 500.
Magic Software Enterprises has a net margin of 6.83% compared to Magic Software Enterprises' net margin of -17.06%. Weave Communications' return on equity of 16.56% beat Magic Software Enterprises' return on equity.
Magic Software Enterprises has higher revenue and earnings than Weave Communications. Weave Communications is trading at a lower price-to-earnings ratio than Magic Software Enterprises, indicating that it is currently the more affordable of the two stocks.
Weave Communications presently has a consensus target price of $14.00, suggesting a potential upside of 56.08%. Magic Software Enterprises has a consensus target price of $14.00, suggesting a potential upside of 17.85%. Given Magic Software Enterprises' higher possible upside, analysts clearly believe Weave Communications is more favorable than Magic Software Enterprises.
86.8% of Weave Communications shares are owned by institutional investors. Comparatively, 24.7% of Magic Software Enterprises shares are owned by institutional investors. 36.3% of Weave Communications shares are owned by company insiders. Comparatively, 4.5% of Magic Software Enterprises shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
In the previous week, Magic Software Enterprises had 9 more articles in the media than Weave Communications. MarketBeat recorded 10 mentions for Magic Software Enterprises and 1 mentions for Weave Communications. Weave Communications' average media sentiment score of 0.50 beat Magic Software Enterprises' score of 0.00 indicating that Magic Software Enterprises is being referred to more favorably in the news media.
Summary
Magic Software Enterprises beats Weave Communications on 12 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding MGIC 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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