Today we are going to take a look at 5 best new stocks to buy now, according to Insider Monkey’s latest article. Vontier Corporation ranks fifth on Insider Monkey’s list with having 36 hedge funds and a total value of hedge fund holdings of $590 million. The company operates in industrial technology, offering vehicle tracking, environmental sensors, fleet management software solutions, fueling equipment and workflow software. On 1st March 2021, the company’s shares traded at $31. At the end of December, Insider Monkey could track 36 hedge funds in the company. At the end of December, 2020 Vontier Corp. announced $136.8 million net income, adjusted net income of $147.4 million. The diluted net earnings were reported to be $0.87 per share. The company also reported a 9.6% year-over-year jump in revenue. C3.ai, Inc. is the fourth on the compilation with having 37 hedge funds and a total value of hedge fund holdings of $483 million. The company is among the best and largest artificial intelligence companies worldwide. It was launched in 2009 by CEO Thomas Siebel. The firm first went public in the third quarter of 2020. Its IPO traded at $42 per share. It has rocketed since then, as on 1st March 2021 the shares traded at $112. At the end of September 2020, the company announced a remarkable revenue of $41.28 million. PROG Holdings, Inc. stands on the third spot with having 38 hedge funds and a total value of hedge fund holdings of $374 million. PROG offers finance, commercial equipment, finance, and leasing services. The company started trading in public on the New York Stock Exchange on December 1, 2020. On 1st March 2021 the price was $50 per share and its dividend yield is 0.36%. The shares have been boosted 50% for the past year. According to Insider Monkey’s database, there were 38 hedge funds in the company at the end of the fourth quarter of 2020, compared to 0 funds at the end of September 2020. At the end of the fourth quarter, PRG reported revenue of $605.7 million, diluted EPS of $0.62, and non-GAAP diluted EPS of $0.95. For more arresting information about the best new stocks to buy now, please click and jump to see the entire original article.
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