5 Best Biotech Stocks Under $5

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In this article, we discuss 5 best biotech stocks under $5. If you want to see some more stocks in this selection, click 10 Best Biotech Stocks Under $5

5. Agenus Inc. (NASDAQ:AGEN)

Number of Hedge Fund Holders: 17

Share Price as of March 28: $2.7050

Agenus Inc. (NASDAQ:AGEN) is a clinical-stage immuno-oncology company based in Lexington, Massachusetts. The company is researching hematological malignancies, solid tumors, multiple myeloma, and viral ARDS. 

On March 3, B. Riley analyst Mayank Mamtani reiterated a Buy rating on Agenus Inc. (NASDAQ:AGEN) shares, but lowered the price target to $8 from $11 following the company’s Q4 results. The analyst expects a meaningful stock turnaround on an improved visibility in the company’s “value-inflection points”, especially large pharma’s strategic interest in Agenus Inc. (NASDAQ:AGEN)’s pipeline.

Among the hedge funds tracked by Insider Monkey, 17 funds held long positions in Agenus Inc. (NASDAQ:AGEN), compared to 14 funds in the quarter earlier. D E Shaw is the largest stakeholder of the company, with more than 5 million shares worth $16.1 million. 

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