In this article, we discuss the 5 Reddit’s WallStreetBets stocks under $5. If you want to read our detailed analysis of these stocks, go directly to the 10 Reddit’s WallStreetBets Stocks Under $5.
5. Naked Brand Group Limited (NASDAQ:NAKD)
Number of Hedge Fund Holders: 4
Share Price as of September 30: $0.71
Naked Brand Group Limited (NASDAQ:NAKD) is ranked fifth on our list of 10 Reddit’s WallStreetBets stocks under $5. The company makes and sells intimate apparel and swimwear products. It is headquartered in Australia.
Naked Brand Group Limited (NASDAQ:NAKD) has a market cap of $725 million and posted more than $57 million in revenue in the last fiscal year. The short interest on the stock is 4.69% and the 52-week price range lies between $0.07 and $3.40.
At the end of the second quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $618,000 in Naked Brand Group Limited (NASDAQ:NAKD), the same as in the previous quarter worth $206,000.
4. CorMedix Inc. (NASDAQ:CRMD)
Number of Hedge Fund Holders: 5
Share Price as of September 30: $4.66
CorMedix Inc. (NASDAQ:CRMD) is placed fourth on our list of 10 Reddit’s WallStreetBets stocks under $5. The company is headquartered in New Jersey and focuses on the development of drugs for the treatment of infectious diseases.
CorMedix Inc. (NASDAQ:CRMD) has a market cap of $179 million and posted nearly $240,000 in revenue last year. The short interest on the stock is 5.41% and the 52-week price range lies between $4.36 and $18.60.
At the end of the second quarter of 2021, 5 hedge funds in the database of Insider Monkey held stakes worth $12.4 million in CorMedix Inc. (NASDAQ:CRMD), up from 3 in the previous quarter worth $17.5 million.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Elliott Management is a leading shareholder in CorMedix Inc. (NASDAQ:CRMD) with 1.5 million shares worth more than $10.6 million.
3. Progenity, Inc. (NASDAQ:PROG)
Number of Hedge Fund Holders: 6
Share Price as of September 30: $1.08
Progenity, Inc. (NASDAQ:PROG) is a California-based biotechnology company that makes and sells molecular testing products. It is ranked third on our list of 10 Reddit’s WallStreetBets stocks under $5.
On July 29, investment advisory Piper Sandler maintained an Overweight rating on Progenity, Inc. (NASDAQ:PROG) stock and raised the price target to $5 from $3. Steven Mah, an analyst at the advisory, issued the ratings update.
At the end of the second quarter of 2021, 6 hedge funds in the database of Insider Monkey held stakes worth $34 million in Progenity, Inc. (NASDAQ:PROG), down from 9 in the previous quarter worth $17 million.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Armistice Capital is a leading shareholder in Progenity, Inc. (NASDAQ:PROG) with 7.5 million shares worth more than $27 million.
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.
1. Tellurian Inc. (NASDAQ:TELL)
Number of Hedge Fund Holders: 17
Share Price as of September 30: $3.75
Tellurian Inc. (NASDAQ:TELL) is ranked first on our list of 10 Reddit’s WallStreetBets stocks under $5. The firm operates in the energy industry and is headquartered in Texas.
On July 8, investment advisory B Riley initiated coverage of Tellurian Inc. (NASDAQ:TELL) stock with a Buy rating and a price target of $8, noting the firm was poised to benefit from the expected growth and evolution of the global natural gas market.
At the end of the second quarter of 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $103 million in Tellurian Inc. (NASDAQ:TELL), up from 12 in the previous quarter worth $28 million.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Tellurian Inc. (NASDAQ:TELL) with 7.2 million shares worth more than $33 million.
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