Hedge Funds are Buying These 5 Stocks for the Rest of 2021

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1. SomaLogic, Inc. (NASDAQ:SLGC)

Number of Hedge Fund Holders in Q3: 37  

Number of Hedge Fund Holders in Q2: 0      

SomaLogic, Inc. (NASDAQ:SLGC) is a Colorado-based clinical diagnostics company. It recently posted earnings for the third quarter, reporting a revenue of close to $20 million, up more than 40% compared to the revenue over the same period last year. 

Cowen analyst Dan Brennan recently initiated coverage of SomaLogic, Inc. (NASDAQ:SLGC) stock with an Outperform rating and a price target of $18, noting that the platform of the firm had the potential to open up an addressable market of $100 billion. 

At the end of the third quarter of 2021, 37 hedge funds in the database of Insider Monkey held stakes worth $647 million in SomaLogic, Inc. (NASDAQ:SLGC). 

You can also take a peek at 9 Tech and Software Stocks to Buy According to Hamilton Helmer’s Strategy Capital and Analysts Are Downgrading These 10 Stocks.

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