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Financial Analysis: AuthID (NASDAQ:AUID) Vs. ForgeRock (NYSE:FORG)

Defense World ·  Feb 7, 2023 01:13

authID (NASDAQ:AUID – Get Rating) and ForgeRock (NYSE:FORG – Get Rating) are both small-cap computer and technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their institutional ownership, dividends, analyst recommendations, profitability, risk, valuation and earnings.

Analyst Ratings

This is a breakdown of current ratings and target prices for authID and ForgeRock, as provided by MarketBeat.com.

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Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
authID 0 0 0 0 N/A
ForgeRock 0 11 1 0 2.08

ForgeRock has a consensus price target of $22.91, indicating a potential upside of 13.98%. Given ForgeRock's higher possible upside, analysts plainly believe ForgeRock is more favorable than authID.

Institutional and Insider Ownership

11.0% of authID shares are owned by institutional investors. Comparatively, 32.3% of ForgeRock shares are owned by institutional investors. 13.1% of authID shares are owned by company insiders. Comparatively, 46.1% of ForgeRock shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Risk & Volatility

authID has a beta of 1.67, indicating that its stock price is 67% more volatile than the S&P 500. Comparatively, ForgeRock has a beta of 1.09, indicating that its stock price is 9% more volatile than the S&P 500.

Earnings & Valuation

This table compares authID and ForgeRock's gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
authID $2.29 million 6.67 -$17.67 million ($1.06) -0.58
ForgeRock $176.93 million 9.70 -$47.77 million ($0.74) -27.16

authID has higher earnings, but lower revenue than ForgeRock. ForgeRock is trading at a lower price-to-earnings ratio than authID, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares authID and ForgeRock's net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
authID -25.74% -287.76% -142.76%
ForgeRock -30.78% -16.12% -11.03%

Summary

ForgeRock beats authID on 9 of the 13 factors compared between the two stocks.

About authID

(Get Rating)

authID, Inc. engages in the delivery of secure, mobile, and biometric identity solutions. It operates through the following segments: Identity Management and Payment Processing. The Identity Management segment specializes in biometric software products in North America and Africa. The Payment Processing segment offers electronic payment gateway services in South America. The company was founded by Thomas R Snoke on September 21, 2011 and is headquartered in Denver, CO.

About ForgeRock

(Get Rating)

ForgeRock, Inc., together with its subsidiaries, operates a digital identity platform to secure, manage, and govern the identities of customers, employees, partners, application programing interfaces (APIs), microservices, devices, and the Internet of things worldwide. It offers identity management products to automate onboarding/registration and progressive profiling, identity lifecycle and relationship management, identity provisioning and synchronization, user self-service, personalization, delegation, and privacy and consent management. The company also provides access management products, such as passwordless, usernameless, and multi-factor authentication; single sign-on; contextual and adaptive risk-based access; fine-grained authorization; API and microservices security; and secure impersonation and data sharing. In addition, it offers identity governance products, including access requests that allow users to request access to systems or applications through integration with help desk or service ticketing systems; access reviews and certifications; segregation of duties; role and entitlement management; policy management; identity workflows, which enable enterprises to connect their business processes with identity events; and reporting and analytics. Further, the company provides autonomous identity products that comprise predictive confidence scores for access; overprovisioned access detection and access revocation recommendations; outlier detection; identity automation recommendations; role mining and recommendations; joiner, mover, and leaver access automation; and automated approvals and certifications. ForgeRock, Inc. was founded in 2009 and is headquartered in San Francisco, California.

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