5 Low Risk High Reward Stocks Set To Triple By 2027

In this piece, we will take a look at the five low risk high reward stocks set to triple by 2027. If you want to take a deeper look at the measures of stock risk, then check out 10 Low Risk High Reward Stocks Set To Triple By 2027.

5. VeriSign, Inc. (NASDAQ:VRSN)

Number of Hedge Fund Investors In Q2 2023: 35

VeriSign, Inc. (NASDAQ:VRSN) is an American software company headquartered in Reston, Virginia. It is an internet company that enables website owners to manage their properties. Despite a tough economic environment, the firm has been performing well as of late since it has beaten analyst EPS estimates in all four of its latest quarters.

As of Q2 2023 end, 35 out of the 910 hedge funds polled by Insider Monkey were VeriSign, Inc. (NASDAQ:VRSN) ‘s investors. Out of these, the largest shareholder is Warren Buffett’s Berkshire Hathaway since it owns 12.8 million shares that are worth $2.8 billion.

4. CoStar Group, Inc. (NASDAQ:CSGP)

Number of Hedge Fund Investors In Q2 2023: 38

CoStar Group, Inc. (NASDAQ:CSGP) is a software company that provides real estate firms with several services such as inventory management and transaction analysis. The firm is seeing a bit of excitement these days as it is suing former employees for stealing trade secrets.

As of June 2023, 38 out of the 910 hedge funds polled by Insider Monkey had bought the firm’s shares. CoStar Group, Inc. (NASDAQ:CSGP)’s biggest hedge fund investor is Charles Akre’s Akre Capital Management due to its $632 million stake.

3. ImmunoGen, Inc. (NASDAQ:IMGN)

Number of Hedge Fund Investors In Q2 2023: 42

ImmunoGen, Inc. (NASDAQ:IMGN) is a biotechnology company that is focusing on developing treatments for cancer patients. Its shares are rated Strong Buy on average and analysts have penned in a $8 share price upside on the current price of $15 based on the average share price.

After digging through 910 hedge fund holdings for their June quarter of 2023 investments, Insider Monkey found that 42 had invested in ImmunoGen, Inc. (NASDAQ:IMGN). Jeremy Green’s Redmile Group is the company’s largest stakeholder through its $334 million investment.

2. Verisk Analytics, Inc. (NASDAQ:VRSK)

Number of Hedge Fund Investors In Q2 2023: 46

Verisk Analytics, Inc. (NASDAQ:VRSK) is a large American consulting company that serves the needs of insurance companies by enabling them to work with risk. Insurance firms tend to do well in a high interest rate environment, and this is reflected in Verisk Analytics, Inc. (NASDAQ:VRSK)’s financials as it has beaten analyst EPS estimates in three of its four latest quarters.

By the end of this year’s second quarter, 46 out of the 910 hedge funds tracked by Insider Monkey had held a stake in the company. Verisk Analytics, Inc. (NASDAQ:VRSK)’s biggest shareholder among these is D. E. Shaw’s D E Shaw since it owns $367 million worth of shares.

1. Veeva Systems Inc. (NYSE:VEEV)

Number of Hedge Fund Investors In Q2 2023: 46

Veeva Systems Inc. (NYSE:VEEV) is a healthcare software services provider that enables firms to manage their customer engagement, drug development, and other business operations. The company expanded its software portfolio in September when it announced a new cloud platform to enable drug makers to manage their production and supply chains.

46 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database are Veeva Systems Inc. (NYSE:VEEV)’s shareholders. Out of these, Greg Poole’s Echo Street Capital Management is the largest investor through a $160 million stake that comes via 813,603 shares.

Disclosure: None. You can also take a look at Top 15 Cloud Computing Companies in the World and 13 NASDAQ Stocks with Lowest PE Ratios.

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