5 Best Robinhood Stocks Under $20

4. Nokia Corporation (NYSE:NOK)

Number of Hedge Fund Holders: 26

Price as of September 16: $5.62

Nokia Corporation (NYSE:NOK) is a tech company based in Finland that ranks 4th on the list of 10 best Robinhood stocks under $20. Nokia Corporation (NYSE:NOK) offers 5G network solutions to enterprise clients. The company also sells smartphones, laptops, and streaming devices to retail consumers. 

On September 8, Credit Suisse analyst Achal Sultania maintained a Neutral rating on Nokia Corporation (NYSE:NOK) and increased his price target for the stock to €5.05 from €4.45. Meanwhile, Nokia Corporation (NYSE:NOK) stated on September 9 that it has been chosen to build US cellular’s independent 5G core network, with completion due by the end of 2022.

The company has a market cap of $33.4 billion. In the second quarter of 2021, Nokia Corporation (NYSE:NOK) reported an EPS of $0.11, beating estimates by $0.05. The company’s second-quarter revenue was $6.32 billion and beat revenue estimates by $193.68 million. The stock has gained 7.4% in the past three months.

At the end of the second quarter of 2021, 26 hedge funds in the database of Insider Monkey held stakes worth $494 million in Nokia Corporation (NYSE:NOK), up from 21 in the previous quarter worth $352 million.