5 Cash-Rich Small Cap Stocks To Invest In

In this article, we will take a look at the 5 cash-rich small cap stocks to invest in. To see more such companies, go directly to 12 Cash-Rich Small Cap Stocks To Invest In.

5. Cogent Biosciences, Inc. (NASDAQ:COGT)

Number of Hedge Fund Holders: 29 

Cogent Biosciences, Inc. (NASDAQ:COGT) is a biotechnology company focused on developing novel precision therapies to treat a broad range of patients with unmet medical needs.

Needham analyst Ami Fadia initiated coverage of Cogent Biosciences with a Buy rating and $24 price target on December 14. According to the analyst, there is opportunity in systemic mastocytosis for a drug with an improved profile in both AdvSM and non-AdvSM. The analyst thinks bezu can have a differentiated profile versus existing treatments in SM with its superior selectivity against off-target kinases and minimal brain penetration, and in AdvSM, bezu can have similar efficacy with better safety than Blueprint’s (BPMC) Ayvakit.

29 of the 920 elite funds tracked by Insider Monkey reported holding stakes in Cogent Biosciences, Inc. (NASDAQ:COGT), with aggregate stakes worth approximately $474.8 million.