Progress Software (NASDAQ:PRGS) versus Greenidge Generation (NASDAQ:GREE) Critical Survey

Greenidge Generation (NASDAQ:GREE) and Progress Software (NASDAQ:PRGS) are both small-cap technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their earnings, institutional ownership, dividends, risk, valuation, profitability and analyst recommendations.

Institutional and Insider Ownership

8.5% of Greenidge Generation shares are held by institutional investors. 28.4% of Greenidge Generation shares are held by insiders. Comparatively, 4.1% of Progress Software shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent ratings and recommmendations for Greenidge Generation and Progress Software, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Greenidge Generation	1	0	0	0	1.00
Progress Software	0	2	6	1	2.89

Progress Software has a consensus target price of $51.57, suggesting a potential upside of 11.03%. Given Progress Software’s stronger consensus rating and higher possible upside, analysts clearly believe Progress Software is more favorable than Greenidge Generation.

Risk & Volatility

Greenidge Generation has a beta of 3.02, meaning that its stock price is 202% more volatile than the S&P 500. Comparatively, Progress Software has a beta of 0.89, meaning that its stock price is 11% less volatile than the S&P 500.

Earnings & Valuation

This table compares Greenidge Generation and Progress Software”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Greenidge Generation	$60.37 million	0.35	$5.29 million	$0.38	3.29
Progress Software	$999.93 million	1.90	$73.13 million	$2.17	21.41

Progress Software has higher revenue and earnings than Greenidge Generation. Greenidge Generation is trading at a lower price-to-earnings ratio than Progress Software, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares Greenidge Generation and Progress Software’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Greenidge Generation	10.38%	-12.10%	12.35%
Progress Software	9.24%	42.91%	9.09%

Summary

Progress Software beats Greenidge Generation on 10 of the 15 factors compared between the two stocks.

About Greenidge Generation

Greenidge Generation Holdings Inc. operates as an integrated cryptocurrency datacenter and power generation company. The company owns and operates cryptocurrency datacenter in New York, as well as hosts, powers, and provides technical support and other related services to bitcoin mining equipment owned by customers. It also owns and operates a 106 MW nameplate capacity power generation facility. The company was founded in 1937 and is based in Fairfield, Connecticut.

About Progress Software

Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; MarkLogic, a data agility platform to connect data and metadata; and Semaphore, a Semantic AI platform. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.