5 Best Penny Stocks to Buy Now

3. Sesen Bio, Inc. (NASDAQ: SESN)   

Share Price as of July 9: $4.07
Number of Hedge Fund Holders: 11

Sesen Bio, Inc. (NASDAQ: SESN) is a provider of targeted protein therapeutics (TPT) specializing in antibody-drug conjugate for cancer treatment. The company ranks 3rd on our list of the best penny stocks to buy now. In February, Canaccord Genuity maintained a Buy rating on Sesen Bio, Inc. (NASDAQ: SESN) and raised the price target to $7.

In the first quarter of 2021, Sesen Bio, Inc. (NASDAQ: SESN) had an EPS of $0.15. The company’s cash equivalents and restricted cash were $110 million as compared to $55.4 million in the prior quarter. The stock has gained 61% in the past 3 months and 201% year to date.