5 Best NFT Stocks to Buy Now

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In this article, we discuss the 5 best NFT stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 10 Best NFT Stocks to Buy Now.

5. PLBY Group, Inc. (NASDAQ: PLBY)

Number of Hedge Fund Holders: 13  

PLBY Group, Inc. (NASDAQ: PLBY) is ranked fifth on our list of 10 best NFT stocks to buy now. The firm operates from California and markets pleasure and leisure services. It was founded in 1953 and has a market cap of over $1 billion. On July 9, Playboy, a lifestyle brand owned by the firm, announced that it would be partnering with the Miami Beach Art Collection to present NFT art. The share price of the firm jumped over 2% after the announcement. The short interest on the stock is close to 13%. 

On June 14, investment advisory Canaccord reiterated a Buy rating on PLBY Group, Inc. (NASDAQ: PLBY) stock with a price target of $52, noting that the firm would use cash from recent stock offerings to spur growth initiatives and accelerate product launches.

At the end of the first quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $561 million in PLBY Group, Inc. (NASDAQ: PLBY). 

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