10 Best Australian Stocks to Buy According to Billionaires

7. Locafy Limited (NASDAQ:LCFY)

Number of Hedge Fund Holders: 2

Number of Billionaire Investors: 1

Total Value of Billionaire Holdings: $822,949

Locafy Limited (NASDAQ:LCFY) is a software-as-a-service (SaaS) technology company that specializes in local search engine marketing. It develops and commercializes online marketing technology that is delivered in an automated manner. The company operates through two main segments including Publishing and SEO Agency.

Locafy Limited (NASDAQ:LCFY) is shifting towards AI-powered publishing solutions to enhance local SEO, with a focus on automating content creation and expanding its market reach through strategic partnerships. During the fiscal first quarter of 2025, the company announced that it has integrated its article publishing solution into its platform. Previously, their Article Accelerator technology was used on third-party websites, but changes in Google’s policies made that approach unviable. However, now the company can create, publish, and boost articles within its ecosystem using its technology and expertise.

Locafy Limited (NASDAQ:LCFY) reported a 27.8% year-over-year decrease in total operating revenue, mainly due to its subscription revenue falling by 25.6% during the same time. On the bright side, its Services revenue increased by 80.3%. Management noted that the company has partnered with diDNA to use its advanced advertising technology across its directory portfolio, which will maximize revenue opportunities. It is one of the best Australian stocks to buy according to billionaires.