5 Meme Stocks that More than Doubled in 2021

2. Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

Number of Hedge Fund Holders: 17  

Year-To-Date Gain: 153%  

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) is a sporting goods retailer. The short interest on the stock is very high at around 32% but the share price has soared amid interest from retail investors on Reddit. 

Lake Street analyst Mark Smith has a Buy rating on Big 5 Sporting Goods Corporation (NASDAQ:BGFV) stock with a price target of $31. The analyst believes that the demand environment for the firm remains robust heading into the year-end. 

At the end of the third quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $42 million in Big 5 Sporting Goods Corporation (NASDAQ:BGFV), down from 19 in the preceding quarter worth $43 million.