5 Best Tech Stocks Under $5

2. Waitr Holdings, Inc. (NASDAQ:WTRH)

Number of Hedge Fund Holders: 14
Stock Price as of October 15: $1.42

Waitr Holdings, Inc. (NASDAQ:WTRH) provides an online ordering technology platform for on-demand food ordering and delivery. Morgan Stanley (NYSE:MS) disclosed a 10.3% stake in the company. Ranked second on our list of the 10 best tech stocks under $5, Waitr Holdings, Inc. (NASDAQ:WTRH) has a market capitalization of $170.20 million.

For the second quarter of 2021, Waitr Holdings, Inc. (NASDAQ:WTRH) reported an EPS of -$0.04. Additionally, the company’s revenue for the quarter amounted to $49.17 million.

There were 14 hedge funds that reported owning stakes in Waitr Holdings, Inc. (NASDAQ:WTRH) at the end of the second quarter of 2021, compared to 13 funds a quarter earlier. The total value of these stakes at the end of Q2 is $40.5 million.

Out of the hedge funds being tracked by Insider Monkey, Christian Leone’s Luxor Capital Group is the leading shareholder in Waitr Holdings, Inc. (NASDAQ:WTRH), with over 10 million shares worth more than $18 million.