In this article, we discuss the 5 small-cap AI stocks. If you want to read our detailed analysis of the AI industry, go directly to the 10 Small-Cap AI Stocks.
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5. Qudian Inc. (NYSE: QD)
Number of Hedge Fund Holders: 8
Qudian Inc. (NYSE: QD) is a Chinese online credit platform that was founded in 2014. It is placed fifth on our list of 10 small-cap AI stocks. The fintech company utilizes artificial intelligence and machine learning to provide customers cash credit products. To provide customers with cash credit solutions, the company employs artificial intelligence and machine learning.
The company has a market cap of $542 million. The company’s full-year revenue in 2020 came in at $565.2 million. Qudian Inc.’s net income in 2020 was $146.9 million or $0.55 per diluted ADS. As of December 31, 2020, the company’s total assets were approximately $2.87 million versus its total liabilities of $1 million. The 52-week price range of Qudian Inc. (NYSE: QD) is $1.17 – $3.82. Shares of QD climbed 41% over the past twelve months.
At the end of the first quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $25.4 million in Qudian Inc. (NYSE: QD), up from 6 the preceding quarter worth $10.2 million.
4. Remark Holdings, Inc. (NASDAQ: MARK)
Number of Hedge Fund Holders: 9
Remark Holdings, Inc. (NASDAQ: MARK) is a Nevada-based artificial intelligence products and solutions provider for businesses. It is placed fourth on our list of 10 small-cap AI stocks. The company was founded in 2006 and has established operations in the US and China. KanKan data intelligence platform, a Remark Holdings, Inc. trademark in China, offers a variety of AI-based products, including retail intelligence and consumer analytics, FinTech risk analysis, and lead acquisition solutions. Among the biggest clients of Remark Holdings, Inc. are China Mobile and Bank of China.
The company has a market cap of $170 million. The company’s revenue in the first quarter of 2021 came in at $4.4 million, up from $0.4 million in the same period in 2020. The 52-week price range of Remark Holdings, Inc. (NASDAQ: MARK) is $0.96 – $4.72. On May 18, Roth Capital maintained its Buy rating on Remark Holdings, Inc. with a price target of $7 per share.
At the end of the first quarter of 2021, 9 hedge funds in the database of Insider Monkey held stakes worth $10.7 million in Remark Holdings, Inc. (NASDAQ: MARK), up from 6 the preceding quarter worth $2.1 million.
3. Docebo Inc. (NASDAQ: DCBO)
Number of Hedge Fund Holders: 10
Docebo Inc. (NASDAQ: DCBO) is a Toronto-based cloud-based management system provider that was founded in 2005. It is placed third on our list of 10 small-cap AI stocks. The company creates an AI-powered platform that allows clients to consolidate learning materials from colleagues and speed up the learning process across enterprise team members. In March 2021, the Canadian AI firm recently launched its new multi-learning product suite, Docebo Learning Analytics, a business intelligence tool that assists enterprises in data extraction and analysis.
The company has a market cap of $1.7 billion. Shares of DCBO jumped 187% over the past twelve months. The company’s revenue in the first quarter of 2021 came in at $21.7 million, an increase of 60.7% from $12.2 million in the first quarter of 2020. Docebo is presently being used by 2,333 customers, up from 1,831 at the end of March 31, 2020. Docebo Inc. joined Amazon.com, Inc.’s (NASDAQ: AMZN) AWS ISV Partner Path in March 2021, giving the firm access to AWS’s resources and partner network, expanding Docebo’s scope and reach, primarily in rising EMEA regions. The 52-week price range of Docebo Inc. (NASDAQ: DCBO) is $37.21 – $68. On March 15, initiated a Buy rating on Docebo Inc. with a price target of $57 per share. As of June 4, the stock closed at $52.02 a share. Shares of DCBO increased 187% over the past twelve months.
2. Yext, Inc. (NYSE: YEXT)
Number of Hedge Fund Holders: 13
Yext, Inc. (NYSE: YEXT) is a New York-based knowledge engine platform that was founded in 2006. It is placed second on our list of 10 small-cap AI stocks. The cloud-based platform provides AI-powered search engine solutions that help businesses drive customers to their platform and convert leads to sales. The company serves thousands of brands across the sectors of healthcare, retail, food service, financial, consumer packaged goods, and direct-to-consumer. Among the biggest clients of Yext, Inc. are The Coca-Cola Company (NYSE: KO), Verizon Communications Inc. (NYSE: VZ), and Campbell Soup Company (NYSE: CPB).
The company has a market cap of $1.8 billion. The company’s total revenues in the first quarter of the fiscal year 2022 increased 8% to 92 million, up from $85.4 million in the first quarter of 2021. As of April 2021, the company’s cash and cash equivalents were $272 million. The company’s full-year revenues are expected to be in the $381 million to $386 million range. The 52-week price range of Yext, Inc. (NYSE: YEXT) is $12.01 – $20.90. On March 18, Needham maintained its Buy rating on Yext, Inc. and increased its price target to $18 per share. As of June 4, the stock closed at $14.08 a share. Shares of YEXT jumped 7% over the last month.
At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $48 million in Yext, Inc. (NYSE: YEXT), up from 11 the preceding quarter worth $30 million. Out of the hedge funds being tracked by Insider Monkey, Freshford Capital Management is a leading shareholder in Yext, Inc. with 1.4 million shares worth more than $20.4 million.
1. NETGEAR, Inc. (NASDAQ: NTGR)
Number of Hedge Fund Holders: 16
Topping the list of the 10 small-cap AI stocks is NETGEAR, Inc. (NASDAQ: NTGR), a California-based network system provider that was founded in 1996. The small-cap AI company markets home and business WiFis, powerline, switches, and network storage. In May 2021, NETGEAR, Inc.’s Orbi and Nighthawk product lines won an international product design award from Red Dot.
The company has a market cap of $1.7 billion. The company’s revenue in the first quarter of 2021 increased 38.3% to $317.9 million, up from $230 million in the first quarter of 2020. Strong demand for Wi-Fi 6 products was the primary driver of revenue growth. In the first quarter, the company shipped roughly 4.1 million systems, including 2.7 million wireless nodes. The company had $363.5 million in cash and cash equivalents as of March 28, 2021, with $361.3 million in total current liabilities. NETGEAR expects revenues of $305 million to $320 million in the second quarter of 2021, up from $300 million to $315 million the previous quarter. The 52-week price range of NETGEAR, Inc. (NASDAQ: NTGR) is $23.20 – $46.38. On April 22, Florida-based investment banking firm Raymond James maintained an Outperform rating on NETGEAR, Inc., with a price target of $48 per share. Shares of NTGR jumped 52% over the past twelve months.
At the end of the first quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $38 million in NETGEAR, Inc. (NASDAQ: NTGR). Out of the hedge funds being tracked by Insider Monkey, Arrowstreet Capital is a leading shareholder in NETGEAR, Inc. with 1.4 million shares worth more than $15.1 million.
You can also take a peek at 10 Best Stocks that will Benefit from Biden’s $6 Trillion Plan and 10 Best Passive Income Stocks in 2021.
