5 Stocks Under $20 to Buy Today According to Nishkama Capital

In this piece, we will take a look at the five stocks under $20 to buy today according to Nishkama Capital. If you want to learn more about the investment firm and its founder, then take a look at 9 Stocks Under $20 to Buy Today According to Nishkama Capital.

5. VIZIO Holding Corp. (NYSE:VZIO)

Nishkama Capital’s Stake Value: $1.3 million

Percentage of Nishkama Capital’s 13F Portfolio: 0.31%

Number of Hedge Fund Investors: 19

Stock Price as of May 16, 2022: $8.4

VIZIO Holding Corp. (NYSE:VZIO) is an American consumer technology and electronics company that is headquartered in Irvine, California. The firm provides several gadgets such as smart televisions, speakers, and sound bars. It also provides software for its televisions.

Nishkama Capital owned 65,918 VIZIO Holding Corp. (NYSE:VZIO) shares during Q4 2021 for a $1.3 million stake that made up 0.31% of its investment portfolio. During the same time period, 19 of the 924 hedge funds polled by Insider Monkey had also invested in the company.

VIZIO Holding Corp. (NYSE:VZIO) raked in $485 million in revenue and -$0.06 in GAAP EPS for its first fiscal quarter, beating analyst revenue estimates but missing them for EPS. Piper Sandler lowered the company’s price target to $15 from $21 in May 2022, stating that peer multiple reset influenced the decision.

VIZIO Holding Corp. (NYSE:VZIO)’s largest investor is Steven Ng and Andrew Mitchell’s Ophir Asset Management which owns 1.2 million shares that are worth $23 million.