5 Best Affordable Tech Stocks to Invest In Now

In this piece, we will take a look at the five best affordable tech stocks to invest in now. For details about the industry and more stocks, take a look at 10 Best Affordable Tech Stocks to Invest In Now.

5. GoPro, Inc. (NASDAQ:GPRO)

Number of Hedge Fund Holders: 26

Share Price as of August 12, 2022: $6.71

GoPro, Inc. (NASDAQ:GPRO) is an American consumer electronics firm that is headquartered in San Mateo, California. The company designs and sells gadgets such as cameras, wearables, and mountable accessories alongside a subscription service for cloud storage and video editing.

Even though its shares have been facing a bloodbath on the stock market, GoPro, Inc. (NASDAQ:GPRO) remains a key player in a niche that it helped popularize. The firm has slowly increased the prices of its products and now more than 90% of its sales are from products priced above $300. Additionally, its online retailing service took off during the coronavirus pandemic, and there are high chances that the demand for its products will rise too as the world goes back to pre-pandemic life. Finally, owing to its subscription service and other factors, the company’s margins are at an all time high of 42%.

Insider Monkey’s Q1 2022 survey of 912 hedge funds outlined that 26 had invested in the company.

GoPro, Inc. (NASDAQ:GPRO)’s largest investor is Michael Zimmerman’s Prentice Capital Management which owns 7.5 million shares that are worth $64 million.