The S&P MidCap 400 is comprised of the biggest American mid-cap companies. Technology adoption propels their rapid growth, which is often accompanied by a young, energetic workforce. These Mid-Cap 400 sectors performed better than eight of the ten S&P 500 sectors. This suggests that the mid-cap segment’s performance was more consistent. It’s common for large-cap stocks like Amazon, Netflix, and NVIDIA to see big price increases.
Here is Insider Monkey’s list of the 10 best mid-cap stocks to buy in 2022. SPS Commerce, Inc. had 17 bullish hedge fund positions in the third quarter of 2021, a decrease from the previous quarter’s 20 positions. The company’s largest shareholder, Shannon River Fund Management, owned 242,326 shares worth $39 million. Founded in New York City in 2006, Shutterstock, Inc. is a provider of royalty-free stock photos, music, videos, and vector graphics. For the three months ending September 30, revenue grew by 13.73 percent year-over-year to $205.78 million, beating forecasts by 3.87 million. On the 8th of February, Digital Turbine, Inc. announced its earnings for the three months ended in December of 2021. A 323.84% year-on-year increase in revenue to $375.49 million surpassed forecasts by $22.28 million, according to the company. In the third quarter of 2021, CarGurus, Inc. exceeded market expectations for revenue and earnings. Peer-to-peer sales currently account for 10 million of the company’s total sales. The company’s website has the most visitors. The online fashion retailer Revolve Group, Inc. is based in the state of California. Consumers can get in touch with well-known and up-and-coming designers, as well as global fashion influencers, through this platform. Revolve Group’s price target was raised by Jefferies analyst Randal Konik from $87 to $90. For more details, click 10 Best Mid Cap Stocks To Buy In 2022.