5 Oversold Penny Stocks To Buy

3. Assertio Holdings, Inc. (NASDAQ:ASRT)

Number of Hedge Fund Holders: 19

Specialty pharmaceutical company Assertio Holdings, Inc. (NASDAQ:ASRT) was one of the top gainers on August 7, with the stock up about 18%. On August 3 Assertio Holdings, Inc. (NASDAQ:ASRT) posted Q2 results. Adjusted EPS in the quarter came in at $0.19 missing estimates by $0.03. Revenue in the quarter jumped about 16.7% year over year to $40.99 million, beating estimates by $1.16 million.

As of the end of the first quarter of 2023, 19 hedge funds tracked by Insider Monkey reported owning stakes in Assertio Holdings, Inc. (NASDAQ:ASRT). The most significant stakeholder of Assertio Holdings, Inc. (NASDAQ:ASRT) was Paul Marshall and Ian Wace’s Marshall Wace LLP which had an $8 million stake in the company.