Latch (NASDAQ:LTCH – Get Rating) is one of 4 publicly-traded companies in the “Hardware” industry, but how does it contrast to its peers? We will compare Latch to similar companies based on the strength of its dividends, analyst recommendations, risk, profitability, institutional ownership, earnings and valuation.
Institutional & Insider Ownership
37.7% of Latch shares are held by institutional investors. Comparatively, 74.6% of shares of all “Hardware” companies are held by institutional investors. 27.5% of Latch shares are held by company insiders. Comparatively, 15.1% of shares of all “Hardware” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Valuation and Earnings
This table compares Latch and its peers top-line revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Latch | $41.36 million | -$166.32 million | -0.84 |
| Latch Competitors | $2.70 billion | $46.02 million | 8.16 |
Volatility & Risk
Latch has a beta of 1.77, indicating that its share price is 77% more volatile than the S&P 500. Comparatively, Latch’s peers have a beta of 1.05, indicating that their average share price is 5% more volatile than the S&P 500.
Profitability
This table compares Latch and its peers’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Latch | N/A | N/A | N/A |
| Latch Competitors | 2.61% | 10.27% | 4.03% |
Analyst Ratings
This is a breakdown of recent ratings for Latch and its peers, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Latch | 0 | 1 | 0 | 0 | 2.00 |
| Latch Competitors | 17 | 90 | 54 | 0 | 2.23 |
Latch currently has a consensus target price of $3.08, indicating a potential upside of 129.48%. As a group, “Hardware” companies have a potential upside of 45.26%. Given Latch’s higher probable upside, equities analysts clearly believe Latch is more favorable than its peers.
Summary
Latch peers beat Latch on 9 of the 12 factors compared.
Latch Company Profile
Latch, Inc. operates as an enterprise technology company in the United States and Canada. The company offers LatchOS, an operating system that extends smart access, delivery and guest management, smart home and sensors, connectivity, and personalization and services. Its software products include Latch Resident Mobile Applications, Latch Manager Web, and the Latch Manager Mobile Applications. The company also offers hardware devices that include M, C, and R series door-mounted access control products; Latch Intercom, which integrates into the Latch core access systems and allows audio and video calls for remote unlocking; Latch Camera, a dome camera; Latch Hub, a connectivity solution that enables smart access, smart home, and sensor devices at various buildings; and Latch Leak Detector, a solution to enable leak prevention, detection, and resolution for building owners and residents. In addition, it provides NFC unlock on Android that allows the user to unlock their door without even opening their phone; Latch Visitor Express, a contactless visitor entry system; and LatchID, an identification system. The company is headquartered in New York, New York.
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