5 Best Penny Stocks Popular on Reddit

3. Exicure, Inc. (NASDAQ: XCUR)

Number of Hedge Fund Holders: 9  

Price as of August 3, 2021: $1.81 per share  

Exicure, Inc. (NASDAQ: XCUR) is an Illinois-based clinical-stage biotechnology company founded in 2011. It is ranked third on our list of 10 best penny stocks popular on Reddit. On August 2, the share price of the firm jumped 32% after it announced that it had signed an exclusive collaboration agreement with drug giant Ipsen for the research and development of treatments for Huntington’s disease and Angelman syndrome. The firm has a market cap of over $118 million and posted more than $16 million in revenue last year. 

On June 11, investment advisory BMO Capital maintained an Outperform rating on Exicure, Inc. (NASDAQ: XCUR) stock with a price target of $6. Gary Nachman, an analyst at the investment firm, issued the ratings update. 

At the end of the first quarter of 2021, 9 hedge funds in the database of Insider Monkey held stakes worth $19 million in Exicure, Inc. (NASDAQ: XCUR), up from 8 in the preceding quarter worth $18 million.