In this article, we discuss the top 5 small-cap stocks with highest upside potential. If you want to read about some more small-cap stocks with upside potential, go directly to Top 10 Small-Cap Stocks With Highest Upside Potential.
5. Perion Network Ltd. (NASDAQ:PERI)
Number of Hedge Fund Holders: 14
Perion Network Ltd. (NASDAQ:PERI) provides digital advertising solutions to brands, agencies, and publishers in North America, Europe, and internationally. It is one of the best small cap stocks to invest in. On September 21, Perion Network revealed positive results related to the digital advertising campaign for Mercedes Benz USA, a vehicle automotive brand responsible for the manufacturing and distribution of luxury vehicles.
Among the hedge funds being tracked by Insider Monkey, Florida-based firm ARK Investment Management is a leading shareholder in Perion Network Ltd. (NASDAQ:PERI), with 123,205 shares worth more than $2.4 million.
4. Target Hospitality Corp. (NASDAQ:TH)
Number of Hedge Fund Holders: 14
Target Hospitality Corp. (NASDAQ:TH) operates as a specialty rental and hospitality services company in North America. It is one of the top small cap stocks to invest in. On July 8, the shares of Target Hospitality jumped 31.7% in trading after the company announced a big increase in 2022 guidance. On July 7, Target Hospitality revealed that it has entered into an expanded humanitarian contract to provide enhanced infrastructure and comprehensive facility services to support critical hospitality solutions.
At the end of the second quarter of 2022, 14 hedge funds in the database of Insider Monkey held stakes worth $47.8 million in Target Hospitality Corp. (NASDAQ:TH), compared to 13 in the previous quarter worth $46.8 million.
3. CarParts.com, Inc. (NASDAQ:PRTS)
Number of Hedge Fund Holders: 16
CarParts.com, Inc. (NASDAQ:PRTS) operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It is one of the elite small cap stocks to invest in. On June 21, CarParts.com announced that it has renewed a five year revolving credit facility with JP Morgan Chase Bank. This credit facility includes an increased aggregate lender commitment of up to $75 million.
Among the hedge funds being tracked by Insider Monkey, California-based investment firm Park West Asset Management is a leading shareholder in CarParts.com, Inc. (NASDAQ:PRTS), with 5.3 million shares worth more than $36.8 million.
2. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI)
Number of Hedge Fund Holders: 18
Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) operates as a media company in the United States. It is one of the major small cap stocks to invest in. On October 17, Sinclair Broadcast Group declared a multi-platform partnership to create content across a range of formats and subjects with an award-winning personality. On September 26, Sinclair Broadcast Group officially launched its streaming services.
At the end of the second quarter of 2022, 18 hedge funds in the database of Insider Monkey held stakes worth $307.9 million in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), compared to 17 the preceding quarter worth $413 million.
1. Griffon Corporation (NYSE:GFF)
Number of Hedge Fund Holders: 21
Griffon Corporation (NYSE:GFF) provides consumer and professional home and building products in the United States, Europe, Canada, Australia, and internationally. It is one of the prominent small cap stocks to invest in. On June 27, Griffon Corp stated that it has completed the sale of Telephonics Corporation to TTM Technologies, a leading global printed board manufacturer, for $330 million in cash, subject to certain post-closing adjustments.
At the end of the second quarter of 2022, 21 hedge funds in the database of Insider Monkey held stakes worth $218.8 million in Griffon Corporation (NYSE:GFF), compared to 12 in the preceding quarter worth $139.5 million.
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