5 Best NASDAQ Penny Stocks to Buy

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1. Opendoor Technologies Inc. (NASDAQ:OPEN)

Number of Hedge Fund Holders: 32
Share Price as of July 2: $4.02

Opendoor Technologies Inc. (NASDAQ:OPEN) tops our list of the best penny stocks listed on NASDAQ. The California-based company buys and sells residential real estate and makes cash offers on homes through an online process. In the first quarter of 2023, the company reported revenue of $3.1 billion, which beat analysts’ estimates by $360 million. For the second quarter, it expects its revenue to fall between $1.75 billion to $1.85 billion versus a consensus of $2.28 billion.

At the end of Q1 2023, 23 hedge funds in Insider Monkey’s database reported having stakes in Opendoor Technologies Inc. (NASDAQ:OPEN), worth collectively over $165.7 million.

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You can also take a look at 15 Best Large-Cap Value Stocks To Buy and 12 Most Undervalued Retail Stocks to Buy

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