5 Best Biotech Stocks Under $10

3. BioDelivery Sciences International, Inc. (NASDAQ: BDSI)

Number of Hedge Fund Holders: 14

BioDelivery Sciences International, Inc. (NASDAQ: BDSI) ranks third on our list of the best biotech stocks under $10. It is a rapidly growing specialty biotechnology company that manufactures and markets pharmaceuticals, vaccines, and drug products. The company plans to explore therapies for serious chronic conditions in the future.

In August, BioDelivery Sciences International, Inc. (NASDAQ: BDSI) was granted $24 million from the U.S. Department of Veteran Affairs for the pharmaceutical preparation, which would extend till 2026. In Q2 2021, BioDelivery Sciences International, Inc. (NASDAQ: BDSI) posted an EPS of $0.12, beating the estimates by $0.05. The company generated revenue of $41.4 million, presenting a 13.3% year-over-year growth. Recently, HC Wainwright boosted its price target on BioDelivery Sciences International, Inc. (NASDAQ: BDSI), to $6.00 from $5.50, while keeping a ‘Buy’ rating on the shares. BioDelivery Sciences International, Inc. (NASDAQ: BDSI) soared 7% in the past six months.

With 9.5 million shares, worth $$34.1 million, Deerfield Management is the company’s leading shareholder. As of Q2 2021, 14 hedge funds tracked by Insider Monkey have positions in BioDelivery Sciences International, Inc. (NASDAQ: BDSI), worth $53.1 million. In the previous quarter, 15 hedge funds held stakes in the company, valued at $63.9 million.