5 Best Long-Term Penny Stocks to Buy Now

2. Stitch Fix, Inc. (NASDAQ:SFIX)

Number of Hedge Fund Holders: 23

Personal styling services company Stitch Fix, Inc. (NASDAQ:SFIX) ranks 2nd in our list of the best long-term penny stocks to buy now. In June Stitch Fix, Inc. (NASDAQ:SFIX) posted strong results for the fiscal third quarter. GAAP EPS in the period came in at -$0.19 beating estimates by $0.11. Revenue in the period came in at $394.91 million, surpassing estimates by $6.09 million. Active clients in the quarter were 3,476,000, an 11% YoY decrease.

Out of the 943 hedge funds tracked by Insider Monkey, 23 hedge funds reported owning stakes in Stitch Fix, Inc. (NASDAQ:SFIX). The biggest stakeholder of Stitch Fix, Inc. (NASDAQ:SFIX) during this period was Jack Ripsteen’s Potrero Capital Research which owns an $18.8 million stake in the company.