5 Best Small-Cap Stocks To Buy Now

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In this article, we discuss 5 best small-cap stocks to buy now. If you want to see more stocks in this selection, check out 10 Best Small-Cap Stocks To Buy Now

5. PROCEPT BioRobotics Corporation (NASDAQ:PRCT)

Number of Hedge Fund Holders: 19

PROCEPT BioRobotics Corporation (NASDAQ:PRCT) is a California-based surgical robotics company that develops transformative solutions in urology. On October 10, PROCEPT BioRobotics Corporation (NASDAQ:PRCT) announced that it has entered into a new five-year $52 million loan arrangement with CIBC Innovation Banking. It is one of the premier small-cap stocks to invest in. 

Truist analyst Richard Newitter initiated coverage of PROCEPT BioRobotics Corporation (NASDAQ:PRCT) on October 25 with a Buy rating and a $58 price target. The company is disrupting the benign prostatic hyperplasia (BPH) surgery market with its AquaBeam Robotic System and initially targeting a “sizeable” $870 million resective BPH opportunity in the United States, the analyst told investors. The total addressable market opportunity is even bigger, about as much as $10 billion to $20 billion, when considering the approximately 8 million BPH patients in active treatment or management in the US, the analyst added.

Among the hedge funds tracked by Insider Monkey, 19 funds reported owning stakes in PROCEPT BioRobotics Corporation (NASDAQ:PRCT) at the end of the second quarter of 2022, compared to 7 funds in the prior quarter. Andreas Halvorsen’s Viking Global is the leading position holder in the company, with 1.5 million shares worth $50.5 million. 

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