GTLB vs. AVLR, DOX, PCOR, ESTC, PATH, HCP, COUP, USIO, MLGO, and LIDRW
Should you be buying GitLab stock or one of its competitors? The main competitors of GitLab include Avalara (AVLR), Amdocs (DOX), Procore Technologies (PCOR), Elastic (ESTC), UiPath (PATH), HashiCorp (HCP), Coupa Software (COUP), Usio (USIO), MicroAlgo (MLGO), and AEye (LIDRW).
GitLab (NASDAQ:GTLB) and Avalara (NYSE:AVLR) are both mid-cap computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, earnings, media sentiment, valuation, analyst recommendations, risk, dividends, profitability and community ranking.
91.7% of GitLab shares are owned by institutional investors. Comparatively, 90.7% of Avalara shares are owned by institutional investors. 21.4% of GitLab shares are owned by company insiders. Comparatively, 2.4% of Avalara shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
In the previous week, GitLab had 8 more articles in the media than Avalara. MarketBeat recorded 9 mentions for GitLab and 1 mentions for Avalara. GitLab's average media sentiment score of 1.31 beat Avalara's score of 0.40 indicating that GitLab is being referred to more favorably in the media.
Avalara has a net margin of -19.76% compared to GitLab's net margin of -73.14%. Avalara's return on equity of -12.44% beat GitLab's return on equity.
GitLab currently has a consensus target price of $70.50, indicating a potential upside of 31.78%. Given GitLab's higher probable upside, equities analysts clearly believe GitLab is more favorable than Avalara.
GitLab has a beta of 0.49, meaning that its stock price is 51% less volatile than the S&P 500. Comparatively, Avalara has a beta of 0.99, meaning that its stock price is 1% less volatile than the S&P 500.
Avalara received 199 more outperform votes than GitLab when rated by MarketBeat users. Likewise, 71.31% of users gave Avalara an outperform vote while only 50.00% of users gave GitLab an outperform vote.
Avalara has higher revenue and earnings than GitLab. Avalara is trading at a lower price-to-earnings ratio than GitLab, indicating that it is currently the more affordable of the two stocks.
Summary
Avalara beats GitLab on 9 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding GTLB 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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