5 Biotech Stocks Popular On Reddit

2. BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX)

Number of Hedge Fund Holders: 22

Price as of August 16: $15.27

BioCryst Pharmaceuticals, Inc. is (NASDAQ: BCRX) is a biotech company based in North Carolina that ranks 2nd on the list of 11 biotech stocks popular on Reddit. BioCryst Pharmaceuticals, Inc. is (NASDAQ: BCRX) markets Orladeyo, an FDA-approved orally ingested medication that prevents attacks of hereditary angioedema in patients aged 12 and older.

On August 6, H.C. Wainwright analyst Andrew Fein maintained a Buy rating on BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) and increased the firm’s price target to $30 per share from $18, citing Orladeyo potential.

The company has a market cap of $2.7 billion. In the second quarter of 2021, BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) reported an EPS of -$0.24, beating estimates by $0.01. The company’s second-quarter revenue came in at $50 million, up from $2.9 million in the same quarter in 2020. The stock has gained 104%, year to date.

At the end of the first quarter of 2021, 22 hedge funds in the database of Insider Monkey held stakes worth $348 million in BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX), down from 26 in the preceding quarter worth $343 million.