5 Artificial Intelligence Stocks Under $10

2. Vivint Smart Home, Inc. (NASDAQ:VVNT)

Share Price as of July 5: $3.69

Number Of Hedge Fund Holders: 13

Vivint Smart Home, Inc. (NASDAQ:VVNT) is a public smart home company that offers an integrated system with in-home consultation, professional installation, and support for houses. The company provides a number of AI-powered devices, ranging from home security to temperature control.

On June 13, JPMorgan analyst Paul Chung lowered his price target on Vivint Smart Home, Inc. (NASDAQ:VVNT) to $10 from $11 and maintained an Overweight rating on the shares following a model update.

This May, Vivint Smart Home, Inc. (NASDAQ:VVNT) announced a suite of new products that will further enhance the company’s unique smart home experience and provide intelligent new solutions, including an all-new Doorbell Camera Pro, Outdoor Camera Pro, Spotlight Pro, and Indoor Camera Pro. Each new product seamlessly ties into the company’s unique smart home solution, connected by the company’s proprietary AI platform and rich, first-party data environment.

According to Insider Monkey’s Q1 2022 database, 13 hedge funds held stakes worth $18.09 million in Vivint Smart Home, Inc. (NASDAQ:VVNT). This is compared to 11 funds that owned positions in the company in the previous quarter. Fortress Investment Group was the biggest shareholder of Vivint Smart Home, Inc. (NASDAQ:VVNT) at the end of the first quarter, with a stake worth $170 million.