5 Worst Performing Growth Stocks in 2023

In this piece, we will take a look at the 5 worst performing growth stocks in 2023. If you want to take a look at what growth investing is all about, then head on over to 15 Worst Performing Growth Stocks in 2023.

5. Ventas, Inc. (NYSE:VTR)

Share Price Drop In 2023: 53.09%

Price to Earnings Ratio: 193.59

Ventas, Inc. (NYSE:VTR) is a real estate investment trust (REIT) that invests in healthcare and senior housing facilities. Its shares have experienced multiple dips this year, with the latest coming in August after its second quarter results led to the shares tumbling from $48 to end up at $41 within a couple of weeks.

As of Q2 2023, 27 out of the 910 hedge funds part of Insider Monkey’s database had invested in Ventas, Inc. (NYSE:VTR). Out of these, the firm’s largest shareholder is Ken Fisher’s Citadel Investment Group since it owns 2.8 million shares that are worth $136 million.

4. SunPower Corporation (NASDAQ:SPWR)

Share Price Drop In 2023: 53.09%

Price to Earnings Ratio: 193.59

SunPower Corporation (NASDAQ:SPWR) is a subsidiary of the oil giant TotalEnergies. It is a solar power company that sells products to residential customers. The firm’s stock was in for some bad news in September after Morgan Stanley cut its share price target by more than half to $8 from an earlier target of $17.

By the end of this year’s second quarter, 17 hedge funds out of the 910 that were part of Insider Monkey’s database had bought a stake in the company. Israel Englander’s Millennium Management is SunPower Corporation (NASDAQ:SPWR)’s biggest investor among these through a stake worth $23.6 million.

3. National Vision Holdings, Inc. (NASDAQ:EYE)

Share Price Drop In 2023: 57.51%

Price to Earnings Ratio: 49.79

National Vision Holdings, Inc. (NASDAQ:EYE) is an American retailer that sells eye care products. The firm’s share price and earnings per share have both dropped over the past five years, while analysts have currently priced in a $7 upside based on the average share price.

During Q2 2023, 19 among the 910 hedge funds surveyed by Insider Monkey had held National Vision Holdings, Inc. (NASDAQ:EYE)’s shares. Out of these, the largest stakeholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital since it owns $50.6 million worth of shares.

2. Clearfield, Inc. (NASDAQ:CLFD)

Share Price Drop In 2023: 62.14%

Price to Earnings Ratio: 28.33

Clearfield, Inc. (NASDAQ:CLFD) is a communications equipment firm that sells its products to communications exchanges and cable network providers. Even as the shares are down by 62% this year, insiders have bought the stock regularly this year. These include the chairman who made a $198,400 purchase in February for $64.

Insider Monkey dug through 910 hedge funds for their June quarter of 2023 portfolios to discover ten Clearfield, Inc. (NASDAQ:CLFD) investors. Out of these, the largest stakeholder is Paul Marshall and Ian Wace’s Marshall Wace LLP since it owns $19.7 million worth of shares.

Disclosure: None.  You can also take a look at 12 Best NASDAQ ETFs and 10 Best Dividend Stocks to Buy According to Noam Gottesman’s GLG Partners.

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