5 Penny Stocks to Buy in December

3. XpresSpa Group, Inc. (NASDAQ:XSPA)

Number of Hedge Fund Holders: 8    

XpresSpa Group, Inc. (NASDAQ:XSPA) provides health and wellness services. HC Wainwright analyst Scott Buck recently raised the price target on the stock to $4 from $3.5 and kept a Buy rating, urging investors to buy the shares ahead of improving operating results and news flow.

XpresSpa Group, Inc. (NASDAQ:XSPA) posted earnings for the third quarter in mid-November, reporting earnings per share of $0.05, beating market estimates by $0.09. The revenue over the period was $26 million, smashing predictions by $16 million. 

At the end of the third quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $2.1 million in XpresSpa Group, Inc. (NASDAQ:XSPA), up from 2 in the previous quarter worth $481,000.