5 Best Hemp Stocks To Buy Now

4. Jazz Pharmaceuticals plc (NASDAQ:JAZZ)

Number of Hedge Fund Holders: 34

Ireland-based Jazz Pharmaceuticals plc (NASDAQ:JAZZ) ranks fourth on our list of the 11 best hemp stocks to buy now. The company operates as a specialty cannabis and hemp-based biopharmaceutical company. In May, the company acquired GW Pharmaceuticals (NASDAQ:GWPH) for $7.6 billion.

On October 6, Jefferies analyst Akash Tewari assumed coverage of Jazz Pharmaceuticals plc (NASDAQ:JAZZ) with a Buy rating and $172 price target on the company’s shares.

In the second quarter of 2021, Jazz Pharmaceuticals plc (NASDAQ: JAZZ) had an EPS of $3.90, beating estimates by $0.45. The company’s second quarter revenue came in at $751.81 million, surpassing predictions by $14.51 million.

At the end of the second quarter of 2021, 34 hedge funds in the database of Insider Monkey held stakes worth $1.49 billion in Jazz Pharmaceuticals plc (NASDAQ: JAZZ). This is compared to 37 in the preceding quarter worth $1.26 billion.

Out of the hedge funds being tracked by Insider Monkey, investment firm Audrey Capital Management is a leading shareholder in Jazz Pharmaceuticals plc (NASDAQ:JAZZ), with 2,805 shares worth more than $498 million.