U.S. Undervalued Small Caps

Thryv Holdings

Market Cap: US$169.5m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Tennant

Market Cap: US$1.5b

Designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Zevra Therapeutics

Market Cap: US$470.6m

A commercial-stage company, focuses on addressing unmet needs for the treatment of rare diseases in the United States.

Aviat Networks

Market Cap: US$332.6m

Provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.

Opera

Market Cap: US$1.1b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

CI&T

Market Cap: US$630.9m

Provides strategy, design, and software engineering services worldwide.

CoreCivic

Market Cap: US$1.9b

Owns and operates partnership correctional, detention, and residential reentry facilities in the United States.

Perfect

Market Cap: US$145.6m

An artificial intelligence software as a service company, provides artificial intelligence (AI)- and augmented reality (AR)-powered solutions for beauty, fashion, and skincare industries worldwide.

EverQuote

Market Cap: US$619.9m

Operates an online marketplace for insurance shopping in the United States.

Vital Farms

Market Cap: US$1.2b

A food company, packages, markets, and distributes shell eggs, butter, and other products in the United States.

Nutex Health

Market Cap: US$721.1m

Operates as a healthcare services and operations company in the United States.

LiveRamp Holdings

Market Cap: US$1.4b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

FirstSun Capital Bancorp

Market Cap: US$1.1b

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in Texas, Kansas, Colorado, New Mexico, Arizona, California, and Washington.

Abeona Therapeutics

Market Cap: US$265.5m

A clinical-stage biopharmaceutical company, develops gene and cell therapies for life-threatening diseases.

Betterware de MéxicoP.I. de

Market Cap: US$658.5m

Operates as a direct-to-consumer selling company in the United Staes and Mexico.

Merchants Bancorp

Market Cap: US$1.9b

Operates as the diversified bank holding company in the United States.

Waterdrop

Market Cap: US$643.8m

Through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China.

Niagen Bioscience

Market Cap: US$410.9m

Operates as a bioscience company engages in developing healthy aging products.

Arlo Technologies

Market Cap: US$1.3b

Provides cloud-based platform services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

OMS Energy Technologies

Market Cap: US$180.8m

Through its subsidiaries, manufactures and sells specialty connectors and pipes, surface wellhead and Christmas trees, premium threading services, and other ancillary services in Saudi Arabia, Singapore, Malaysia, Thailand, Indonesia and internationally.

Harmonic

Market Cap: US$1.1b

Provides broadband access solutions worldwide.

J.Jill

Market Cap: US$248.8m

Operates as an omnichannel retailer for women’s apparel in the United States.

Endava

Market Cap: US$269.0m

Provides technology services in North America, Europe, the United Kingdom, and internationally.

Karooooo

Market Cap: US$1.5b

Provides a mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, the rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States.

Richardson Electronics

Market Cap: US$157.4m

Provides engineered solutions, power grid and microwave tube, and related consumables in North America, the Asia Pacific, Europe, and Latin America.

AdaptHealth

Market Cap: US$1.4b

Distributes home medical equipment (HME), medical supplies, and home and related services in the United States.

SIGA Technologies

Market Cap: US$466.2m

A commercial-stage pharmaceutical company, focuses on the health security market in the United States.

Oddity Tech

Market Cap: US$1.7b

Operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally.

Fiverr International

Market Cap: US$559.9m

Operates an online marketplace worldwide.

Bloomin' Brands

Market Cap: US$564.1m

Through its subsidiaries, owns and operates casual, polished casual, and fine dining restaurants in the United States and internationally.

Capital Southwest

Market Cap: US$1.4b

A business development company.

WM Technology

Market Cap: US$119.6m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

Farmers National Banc

Market Cap: US$501.5m

Operates as a bank holding company for The Farmers National Bank of Canfield that engages in the banking, trust, retirement consulting, insurance, and financial management businesses.

Dingdong (Cayman)

Market Cap: US$587.2m

Operates an e-commerce company in China.

Power Solutions International

Market Cap: US$1.6b

Designs, engineers, manufactures, markets, and sells engines and power systems in the United States, North America, the Pacific Rim, Europe, and internationally.

Udemy

Market Cap: US$677.4m

A learning company, that operates a marketplace platform for learning skills in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.