Legendary Value Investor Seth Klarman is Buying These 5 Stocks

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In this article, we discuss 5 stocks legendary value investor Seth Klarman is buying in 2022. If you want to read our detailed analysis of Klarman’s stock picks and hedge fund history, go directly to Legendary Value Investor Seth Klarman is Buying These 10 Stocks.

5. ironSource Ltd. (NYSE:IS)

Baupost Group’s Stake Value: $38.09 million

Percentage of Baupost Group’s 13F Portfolio: 0.4%

Number of Hedge Fund Holders: 24

Increase in Stake: 99%

ironSource Ltd. (NYSE:IS) operates as a business platform for app developers and telecom operators. The Israeli company enables mobile app game developers to monetize content, grow and engage users, and analyze and optimize business performance. Baupost Group increased its stake in the firm by 99% in the first quarter of 2022.

On May 13, Needham analyst Bernie McTernan gave ironSource Ltd. (NYSE:IS) an unchanged ‘Buy’ rating, and lowered the price target to $6 from $10. McTernan is bullish on the firm as the leading game-tech operator in the in-app mobile gaming advertising industry, noting that it has potential to move beyond mobile gaming to the whole mobile app advertising ecosystem.

At the close of Q4 2021, 24 hedge funds held positions in ironSource Ltd. (NYSE:IS) with a combined worth of $457 million. This is down from 29 hedge funds a quarter earlier.

For the first quarter, EPS for the firm came in-line with estimates at $0.05. Quarterly revenue of $189.7 million outperformed estimates by $6.2 million.

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