5 Reddit’s WallStreetBets Stocks Under $5

2. Outlook Therapeutics, Inc. (NASDAQ:OTLK)

Number of Hedge Fund Holders: 7

Share Price as of September 30: $2.13 

Outlook Therapeutics, Inc. (NASDAQ:OTLK) is placed second on our list of 10 Reddit’s WallStreetBets stocks under $5. The company focuses on the development of monoclonal antibodies for various ophthalmic indications. It operates from New Jersey. 

On August 3, investment advisory HC Wainwright maintained a Buy rating on Outlook Therapeutics, Inc. (NASDAQ:OTLK) stock and raised the price target to $6 from $5. Douglas Tsao, an analyst at the advisory, issued the ratings update. 

At the end of the second quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $2.3 million in Outlook Therapeutics, Inc. (NASDAQ:OTLK), down from 11 the preceding quarter worth $5.2 million.  

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Two Sigma Advisors is a leading shareholder in Outlook Therapeutics, Inc. (NASDAQ:OTLK) with 695,800 shares worth more than $1.7 million.