5 Best Micro-Cap Stocks to Invest In

1. Zogenix, Inc. (NASDAQ:ZGNX)

No of Hedge Funds Holders: 28

Zogenix, Inc. (NASDAQ: ZGNX) is a pharmaceutical firm based in the United States that is dedicated to finding therapeutic treatments with the potential to change the lives of people with rare diseases. Epilepsy and related seizures disorders are the company’s core focus. It is ranked first on our list of best micro-cap stocks to invest in.

On September 9, investment advisory UBS initiated coverage of Zogenix, Inc. (NASDAQ: ZGNX) stock with a Buy rating and a price target of $23, expecting the stock to generate more sales momentum.

On August 26, FINTEPLA oral solution, a product of Zogenix, Inc. (NASDAQ: ZGNX) used for treatment of seizures, was granted Orphan Drug Designation by the Japanese Ministry of Health, Labour, and Welfare. The company considers it a significant step forward in their mission to address the unmet needs of severe, uncommon epilepsy patients all over the world.

Zogenix, Inc. (NASDAQ: ZGNX) earned $18.8 million in sales during Q2 2021, up 37% from $13.7 million in the first quarter. Fintelpa generated $17.5 million in total product sales and $18.8 million in total revenue as reported in Q2 2021. Fintelpa has been prescribed to more than 860 patients till June 30,2021 which is an increase of 22% from the preceding quarters.

Our data shows that RA Capital Management is one of the biggest stakeholders of Zogenix, Inc. (NASDAQ: ZGNX) with 5.3 million shares worth $91.3 million.

At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $345.7 million in Zogenix, Inc. (NASDAQ: ZGNX) up from 21 the preceding quarter worth $377.4 million.

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