In this article, we discuss the 5 best stocks under $10 according to billionaire Daniel Och’s OZ Management. If you want to read our detailed analysis of the billionaire’s hedge fund and investment philosophy, go directly to read the 10 Best Stocks Under $10 According to Billionaire Daniel Och’s OZ Management.
5. Lordstown Motors Corp. (NASDAQ:RIDE)
OZ Management’s Stake Value: $4,348,000
Percent of OZ Management’s 13F Portfolio: 0.03%
Number of Hedge Fund Holders: 12
Share Price as of October 5: $5.85
Lordstown Motors Corp. (NASDAQ:RIDE) is an American electric vehicle automaker. The company designs and manufactures electric vehicles with the main motive to reduce costs. The company ranks fifth on our list of the best stocks under $10 according to billionaire Daniel Och’s OZ Management.
As of Q2 2021, OZ Management owns 393,100 shares of Lordstown Motors Corp. (NASDAQ:RIDE), valued at over $4.3 million. The company accounts for 0.03% of the hedge fund’s 13F portfolio. Recently, Lordstown Motors Corp. (NASDAQ:RIDE) announced an agreement with Taiwan-based technology company, Foxconn, to develop an electric vehicle program at Lordstown Motors Plant. The joint collaboration will build the all-electric Endurance pickup truck. For FY21, Lordstown Motors Corp. (NASDAQ:RIDE) expects capital expenditure of between $375 million to $400 million. In September, Morgan Stanley reinstated the coverage on Lordstown Motors Corp. (NASDAQ:RIDE) with an ‘Equal Weight’ rating and an $8 price target.
As of Q2 2021, 12 hedge funds tracked by Insider Monkey have positions in Lordstown Motors Corp. (NASDAQ:RIDE), worth $27.1 million. The number of hedge funds having stakes in the company was the same in the previous quarter.
4. Nano Dimension Ltd. (NASDAQ:NNDM)
OZ Management’s Stake Value: $4,470,000
Percent of OZ Management’s 13F Portfolio: 0.03%
Number of Hedge Fund Holders: 11
Share Price as of October 5: $5.38
Nano Dimension Ltd. (NASDAQ:NNDM) ranks fourth on our list of the best stocks under $10 according to billionaire Daniel Och’s OZ Management. It is an American company that focuses on the development of advanced 3D electronic systems. Along with this, the company also produces nanotechnology-based conductive and dielectric inks.
As of Q2 2021, OZ Management owns 542,500 shares in Nano Dimension Ltd. (NASDAQ:NNDM), valued at over $4.47 million. The company accounts for 0.03% of the hedge fund’s 13F portfolio. In Q2 2021, Nano Dimension Ltd. (NASDAQ:NNDM) reported revenue of $0.81 million, growing about 179.3% from the prior-year quarter.
On September 7, Nano Dimension Ltd. (NASDAQ:NNDM) signed a deal with Germany-based Fraunhofer Institute for Manufacturing Engineering and Automation to develop next generation of 3D printing style. The collaboration will focus on the research and development within the field. In the past year, Nano Dimension Ltd. (NASDAQ:NNDM) has delivered a 128.9% return to shareholders.
As of Q2 2021, 11 hedge funds tracked by Insider Monkey have positions in Nano Dimension Ltd. (NASDAQ:NNDM), same as in the previous quarter. These stakes are valued at $173.9 million. Catherine Wood’s ARK Capital Management is the company’s leading shareholder with 16.3 million shares.
3. Inovio Pharmaceuticals, Inc. (NASDAQ:INO)
OZ Management’s Stake Value: $6,616,000
Percent of OZ Management’s 13F Portfolio: 0.04%
Number of Hedge Fund Holders: 8
Share Price as of October 5: $6.36
Inovio Pharmaceuticals, Inc. (NASDAQ:INO) is an American biotech company that is focused on the development and commercialization of synthetic DNA products. The company’s discoveries mainly treat patients suffering from rare and serious diseases, such as cancer. It ranks third on our list of the best stocks under $10 according to billionaire Daniel Och’s OZ Management.
In Q2 2021, OZ Management increased its position in Inovio Pharmaceuticals, Inc. (NASDAQ:INO) by 133% and now holds 713,700 shares in the company. The total value of these shares is over $6.6 million. The company now accounts for 0.04% of the hedge fund’s 13F portfolio. In Q2 2021, Inovio Pharmaceuticals, Inc. (NASDAQ:INO) reported revenue of $0.27 million and ended the quarter with cash and cash equivalents of $443.7 million, compared with $411.6 million. This July, Oppenheimer reiterated its ‘Buy’ rating on Inovio Pharmaceuticals, Inc. (NASDAQ:INO), with a $35 price target.
As of Q2 2021, 8 hedge funds tracked by Insider Monkey have positions in Inovio Pharmaceuticals, Inc. (NASDAQ:INO), compared with 11 in the previous quarter. The total value of these stakes is $37.4 million.
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.
1. Two Harbors Investment Corp. (NYSE:TWO)
OZ Management’s Stake Value: $17,647,000
Percent of OZ Management’s 13F Portfolio: 0.12%
Number of Hedge Fund Holders: 30
Share Price as of October 5: $6.42
Two Harbors Investment Corp. (NYSE:TWO) tops our list of the best stocks under $10 according to billionaire Daniel Och’s OZ Management. It is an American real estate investment trust company focused on investing and managing residential mortgage-backed securities and other financial assets.
In Q2 2021, OZ Management increased its stake in Two Harbors Investment Corp. (NYSE:TWO) by 58% and now owns over 1.7 million shares in the company, valued at $17.6 million. The company now accounts for 0.12% of the hedge fund’s 13F portfolio.
In Q2 2021, Two Harbors Investment Corp. (NYSE:TWO) posted an EPS of $0.19, beating the estimates by $0.01. The company’s book value grew by 9.6% from the previous quarter at $6.42 per common share. In August, Royal Bank of Canada lifted its price target on Two Harbors Investment Corp. (NYSE:TWO) to $7.50, while keeping an ‘Outperform’ rating on the shares. Since the beginning of the year, Two Harbors Investment Corp. (NYSE:TWO) delivered a 3.88% return to shareholders, while its 12-month returns came in at 21.8%.
As of Q2 2021, 30 hedge funds tracked by Insider Monkey have positions in Two Harbors Investment Corp. (NYSE:TWO), compared with 32 in the previous quarter. These stakes are valued at $160.7 million.
You can also take a look at 10 Stocks to Invest in According to Billionaire Paul Tudor Jones and Billionaire Jeffrey Talpins’ Top 10 Stocks Picks
