5 Best Cheap Technology Stocks To Invest In

3. Synchronoss Technologies, Inc. (NASDAQ:SNCR)

Number of Hedge Fund Holders: 22
Share Price as of November 1: $2.50

Synchronoss Technologies, Inc. (NASDAQ:SNCR) presented a positive hedge fund sentiment in Q2, as 22 hedge funds tracked by Insider Monkey reported owning stakes in the company, up from 9 in the previous quarter. The total value of these stakes is over $34 million, compared with $8.4 million in the previous quarter.

Synchronoss Technologies, Inc. (NASDAQ:SNCR) is an American technology company that develops software products. In Q2 2021, the company reported revenue of $71.5 million, beating the analysts’ estimates by $4.79 million. This June, B. Riley initiated its coverage on Synchronoss Technologies, Inc. (NASDAQ:SNCR) with a Buy rating and a $5.25 price target. Cannell Capital is the company’s largest shareholder, with shares worth $7.9 million.