Latch

Company Description

Latch, Inc. is a technology company primarily serving the multifamily rental home market segment of the smart building industry deploying hardware and software technology to digitize otherwise manual processes, including building and unit access and in-unit device control. The Company has designed and developed a cloud-based software-as-a-service (SaaS) platform (the Latch Platform) to address the access requirements of modern multifamily buildings. Its DOOR application provides similar functionalities as the Latch application while also enabling additional services for residents. It provides technology for residential service providers, such as housekeepers, dog walkers, electricians, and drivers. Its service platform delivers on-demand, last-mile installation, setup and connected device support. Its customers include real estate developers, builders, building owners and property managers in the multifamily market segment in the United States and Canada.

Analysis

ANALYSIS: With an Obermatt 360° View of 27 (better than 27% compared with alternatives), overall professional sentiment and financial characteristics for the stock Latch are below the industry average. The 360° View is based on consolidating four consolidated indicators, with half the metrics below and half above average for Latch. The consolidated Value Rank has an attractive rank of 72, which means that the share price of Latch is on the lower side compared with the typical size in indicators such as revenues, profits, and invested capital. This means the stock price is lower than for 72% of alternative stocks in the same industry. The company is also safely financed with a Safety rank of 74. But the professional market sentiment is below average compared with other stock investment alternatives with a Sentiment Rank of 5. Professional investors are more confident in 95% other stocks. The consolidated Growth Rank also has a low rank of 5, which means that the company is below average in terms of growth momentum when looking at financial metrics such as revenue, profit, invested capital growth, and stock returns. 95 of its competitors have better growth. ...read more

Country

USA

Industry Application Software

Size X-Small

Website latch.com

Index

NASDAQ

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