5 Best One Dollar Stocks to Buy According To Hedge Funds

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In this article, we discuss 5 best one dollar stocks to buy according to hedge funds. If you want to see more stocks in this selection, check out 12 Best One Dollar Stocks to Buy According To Hedge Funds

5. MoneyLion Inc. (NYSE:ML)

Number of Hedge Fund Holders: 16

Share Price as of January 26: $0.8235

MoneyLion Inc. (NYSE:ML) is a New York-based company that provides a digital financial platform that offers access to banking, borrowing, and investing solutions for customers. On December 8, MoneyLion Inc. (NYSE:ML) said that it expects medium term adjusted revenue CAGR of 35%-50% and adjusted gross profit margin 55%-65%, with 20%-30% adjusted EBITDA positive margins.

On June 27, Loop Capital analyst Hal Goetsch initiated coverage of MoneyLion Inc. (NYSE:ML) with a Buy rating and a $5 price target. He believes that the purchases of Malka Entertainment and Even Financial have transformed MoneyLion Inc. (NYSE:ML) into a leading embedded finance marketplace. The analyst also stated that MoneyLion Inc. (NYSE:ML) has a high growth potential and manages customer acquisition costs well.

According to Insider Monkey’s third quarter database, 16 hedge funds were long MoneyLion Inc. (NYSE:ML), compared to 15 funds in the prior quarter. It is one of the best one dollar stocks to invest in according to hedge funds. 

Follow Moneylion Inc.

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