5 Best Stocks Under $10 According to Billionaire Daniel Och’s OZ Management

2. Skillz Inc. (NYSE:SKLZ)

OZ Management’s Stake Value: $9,561,000
Percent of OZ Management’s 13F Portfolio: 0.06%
Number of Hedge Fund Holders: 20
Share Price as of October 5: $9.00

Skillz Inc. (NYSE:SKLZ) is an online multiplayer video game platform integrated into a number of iOS and Android games. The company ranks second on our list of the best stocks under $10 according to billionaire Daniel Och’s OZ Management.

As of Q2 2021, OZ Management holds 440,200 shares in Skillz Inc. (NYSE:SKLZ), worth over $9.5 million. The company represents 0.06% of the hedge fund’s 13F portfolio. In Q2 2021, Skillz Inc. (NYSE:SKLZ) reported revenue of $89.5 million, beating the estimates by $0.7 million and showcasing a 52% year-over-year growth. The company’s gross profit grew by 52% from the previous quarter at $85.1 million. Recently, Skillz Inc. (NYSE:SKLZ) announced the launch of trivia game, Trivia Crack on its platform, which would be available in over 180 countries for 150 million active users. In August, Canaccord Genuity rated Skillz Inc. (NYSE:SKLZ) as a ‘Buy’, while maintaining a $23 price target. 

Of the 873 hedge funds tracked by Insider Monkey, 20 hedge funds have positions in Skillz Inc. (NYSE:SKLZ) in Q2 2021, compared with 26 in the previous quarter. These stakes are valued at $1.13 billion. With 24.6 million shares, ARK Investment Management is the company’s leading shareholder.