5 Best Stocks Under $15 According to Billionaire Michael Price

4. BlackBerry Limited (NYSE:BB)

Price’s Stake Value: $10.3 million

Percentage of Michael Price’s 13F Portfolio: 1.14%

Number of Hedge Fund Holders: 20

Stock Price as of September 29: $9.60

BlackBerry Limited (NYSE:BB) is a cybersecurity company based in Waterloo, Canada. Ranked fourth on the list of the 10 best stocks under $15 according to Michael Price, the company provides security software that make use of artificial intelligence and machine learning against cyberthreats.

The company reported revenues of $266 million in its earnings report for Q2 2021, which beat estimates by $26.26 million. The EPS was reported to be $0.11, surpassing estimates for the quarter by $0.09.

According to the recent 13F Filings, MFP Investors holds 850,000 stakes of BlackBerry Limited (NYSE:BB), amounting to over $10.3 million in worth, representing 1.14% of the investment fund’s portfolio. At the end of the second quarter of 2021, 20 hedge funds in the database of Insider Monkey held stakes worth more than $732 million in BlackBerry Limited (NYSE:BB). This is compared to 24 hedge funds in the previous quarter that held stakes amounting to approximately $499.7 million.

On September 23, TD Securities analyst Daniel Chan raised the his price target on BlackBerry Limited (NYSE:BB) to $9 from $8.50 and kept a Reduce rating on the shares after the company issued its Q2 earnings report.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment fund Kahn Brothers is a leading shareholder of BlackBerry Limited (NYSE:BB), with over 1.76 million shares worth $21.54 billion.