In this article, we will discuss 5 stocks to buy now according to billionaire Jeffrey Talpins. If you want to read our detailed analysis of these stocks, you can go directly to 10 Stocks to Buy Now According to Billionaire Jeffrey Talpins.
5. Nerdy, Inc. (NYSE:NRDY)
Element Capital’s Stake Value: $11,094,000
Percentage of Element Capital’s 13F Portfolio: 4.84%
Nerdy, Inc. (NYSE:NRDY) is an Ed-tech company offering services through its platform for live online learning. The Fort Worth, Texas-based company is bringing in AI technology to provide a live, personalized learning experience through one-on-one, small group classes, live large group classes, and self-study methods. Varsity Tutors is Nerdy Inc.’s (NYSE:NRDY) flagship tutoring business that is a two-sided marketplace bringing together students and teachers under various study environments.
On November 12, Doug Anmuth at JPMorgan initiated coverage on Nerdy, Inc. (NYSE:NRDY) with an Overweight rating and a $12 price target. The analyst believes that Nerdy, Inc. (NYSE:NRDY) is in a position to experience more than 25% growth in revenue.
4. Rexford Industrial Realty, Inc. (NYSE:REXR)
Element Capital’s Stake Value: $12,000,000
Percentage of Element Capital’s 13F Portfolio: 5.24%
Rexford Industrial Realty, Inc. (NYSE:REXR) is a real estate investment trust (REIT) that focuses on industrial properties throughout Southern California, which is considered as the fourth largest industrial market with a covered area of 167.23 square kilometers.
Rexford Industrial Realty, Inc. (NYSE:REXR) came out with its Q3 2021 results after the closing bell on October 20. Rexford Industrial Realty, Inc. (NYSE:REXR) reported revenue of $115.4 million, which outperformed the consensus estimate of $109.5 million. Meanwhile, the funds from operations (FFO) per share came in at 43 cents, also beating analysts’ estimate of 39 cents.
Following the results, David Rogers at Baird increased the price target on Rexford Industrial Realty, Inc. (NYSE:REXR) from $74 to $82 on October 25 while maintaining an Outperform rating.
3. StoneCo Ltd. (NASDAQ:STNE)
Element Capital’s Stake Value: $18,602,000
Percentage of Element Capital’s 13F Portfolio: 8.13%
StoneCo Ltd. (NASDAQ:STNE) is Jeffrey Talpins’ way of betting on the Brazilian fin-tech industry. The company is a provider of digital financial services and e-commerce solutions to small and medium enterprises (SMEs) in Brazil. Both these industries are rapidly penetrating and growing in the Brazilian market. The Oracle of Omaha, Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK-B), has also allocated 0.24% to its portfolio to this company. Moreover, Cathie Wood’s ARK Investment disclosed that it had acquired 294,220 shares of StoneCo Ltd. (NASDAQ:STNE) during Q3 2021.
However, StoneCo Ltd. (NASDAQ:STNE) had to book higher provisions for non-performing loans, which looks manageable. Furthermore, StoneCo Ltd. (NASDAQ:STNE) has entered into a commercial partnership with Banco Inter, a leading Brazilian digital bank with a customer base of over 10 million customers. Under the terms of the deal, StoneCo Ltd. (NASDAQ:STNE) became a minority shareholder in Banco Inter with a 4.99% stake by investing approximately $471 million. Meanwhile, both companies will work on bringing Banco’s large customer base to Stone merchants and provide an Omni-channel experience to Banco Inter’s customers. Out of 867 hedge funds covered by Insider Monkey, 37 hedge funds held a position in StoneCo Ltd. (NASDAQ:STNE) at the end of Q3 2021.
2. Olo Inc. (NYSE:OLO)
Element Capital’s Stake Value: $22,353,000
Percentage of Element Capital’s 13F Portfolio: 9.76%
Olo Inc. (NYSE:OLO) stands for “online ordering.” Founded in 2005, Olo Inc. (NYSE:OLO) is a provider of on-demand e-commerce platforms for multi-location restaurants across the US through its three modules, namely Ordering, Dispatch and Rails.
Olo reported its Q3 2021 earnings on November 9. Revenue came in at $37.4 million, increasing by 36% YoY and surpassing the consensus estimate of $36.33 million by $1.07 million. Meanwhile, the non-GAAP EPS for the period was 3 cents, which also beat the consensus estimate of 1 cent. The company expects Q4 revenue to be around $38.8 million to $39.3 million, higher than the consensus estimate of $37 million. Meanwhile, Olo Inc. (NYSE:OLO) also raised its FY21 revenue guidance from a range of $144.7 million – $145.7 million to $148.2 million – $148.7 million.
Polen Capital discussed its stance on Olo Inc. (NYSE:OLO) in its Q3 2021 investor letter. Here’s what the firm said:
“Olo, a new addition to the Portfolio during the quarter, traded lower during the period. This may have been due to an expiration of the lockup agreement for early investors in the company, who are now eligible to sell shares. We provide further details on our purchase decision in the Portfolio Activity section.
Olo is the premier B2B software partner for restaurants transitioning to the new normal of digital ordering. Olo’s scalable go-to-market strategy, which targets enterprise brands, results in highly efficient sales and marketing expense, consistent average revenue per unit (ARPU) growth, and little need to tap capital markets to fund long-term goals. The company operates a repeatable subscription-based model with a solid margin and cash flow structure, has a customer-centric and visionary management team, and has a solid track record of product line expansion.”
1. Olaplex Holdings, Inc. (NASDAQ:OLPX)
Element Capital’s Stake Value: $31,115,000
Percentage of Element Capital’s 13F Portfolio: 13.59%
Olaplex Holdings, Inc. (NASDAQ:OLPX) is a producer and seller of luxury hair care products for the professional hair industry. The company started in a garage in Santa Barbara, California, in 2014 and went public on September 30, 2021, with a valuation of $15 billion.
Olivia Tong at Raymond James is bullish on Olaplex Holdings, Inc. (NASDAQ:OLPX) as she initiated coverage with a Strong Buy rating and a $37 target price on November 8.
You can also take a peek at the 10 Stocks in The Limelight After Quarterly Reports and Bill Gates Portfolio: Most Recent Investments.
