5 Cheap NASDAQ Stocks To Buy

In this piece, we will take a look at the five cheap NASDAQ stocks to buy. To learn about all the latest news about the NASDAQ stock market, take a look at the 12 Cheap NASDAQ Stocks To Buy.

5. A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Forward Price To Earnings Ratio: 3.44

Number of Hedge Fund Investors In Q2 2023: 15

A-Mark Precious Metals, Inc. (NASDAQ:AMRK) is an American precious metals company headquartered in El Segundo, California. It reported its first fiscal quarter of 2024 earnings results in November 2023 which saw its gold and silver revenue drop that also led to a 5% annual revenue drop after discounting forward sales.

During June 2023, 15 out of the 910 hedge funds tracked by Insider Monkey had bought and invested in A-Mark Precious Metals, Inc. (NASDAQ:AMRK)’s shares. Jim Simons’ Renaissance Technologies owns the largest stake among these, worth $8 million.

4. Viatris Inc. (NASDAQ:VTRS)

Forward Price To Earnings Ratio: 3.19

Number of Hedge Fund Investors In Q2 2023: 42

Viatris Inc. (NASDAQ:VTRS) is a healthcare company that develops treatments for cancer, skin diseases, immune system disorders, and other ailments. Its third quarter results announced in November 2023 saw net sales remain flat and operating income drop by 4%.

By the end of Q2 2023, 42 out of the 910 hedge funds polled by Insider Monkey were the firm’s investors. Viatris Inc. (NASDAQ:VTRS)’s biggest investor out of these is Stephen Dubois’ Camber Capital Management as it owns 22.5 million shares that are worth $224 million.

3. Brighthouse Financial, Inc. (NASDAQ:BHF)

Forward Price To Earnings Ratio: 2.93

Number of Hedge Fund Investors In Q2 2023: 28

Brighthouse Financial, Inc. (NASDAQ:BHF) is a life insurance company headquartered in Charlotte, North Carolina. The shares have seen little love from analysts over the past few months, and Brighthouse Financial, Inc. (NASDAQ:BHF)’s downgrade came in September 2023 when Goldman Sachs downgraded the shares to Sell from Neutral and reduced the share price target to $43 from $47.

As of this year’s June quarter, 28 out of the 910 hedge funds profiled by Insider Monkey had invested in Brighthouse Financial, Inc. (NASDAQ:BHF). David Einhorn’s Greenlight Capital owns the largest stake which is worth $147 million.

2. AMC Networks Inc. (NASDAQ:AMCX)

Forward Price To Earnings Ratio: 2.21

Number of Hedge Fund Investors In Q2 2023: 17

AMC Networks Inc. (NASDAQ:AMCX) is an American company that operates several television networks. Its third quarter of 2023 earnings report provided some respite to investors as AMC Networks Inc. (NASDAQ:AMCX)’s streaming revenues grew by 9% despite a broader 2% revenue drop.

Insider Monkey took a look at 910 hedge fund holdings for 2023’s second quarter to discover that 17 had bought the firm’s shares. AMC Networks Inc. (NASDAQ:AMCX)’s biggest hedge fund shareholder is D. E. Shaw’s D E Shaw since it owns $11.5 million worth of shares.

1. CommScope Holding Company, Inc. (NASDAQ:COMM)

Forward Price To Earnings Ratio: 0.92

Number of Hedge Fund Investors In Q2 2023: 22

CommScope Holding Company, Inc. (NASDAQ:COMM) is an American firm that provides communications products and services to businesses and private users. Woes in the telecommunications sector hit the firm’s shares at October end, as the stock plummeted after CommScope Holding Company, Inc. (NASDAQ:COMM) reduced its annual guidance.

During Q2 2023, 22 out of the 910 hedge funds part of Insider Monkey’s research had held a stake in CommScope Holding Company, Inc. (NASDAQ:COMM). Out of these, the largest investor is Bob Peck and Andy Raab’s FPR Partners courtesy of its $117.9 million stake.

Disclosure: None. You can also take a look at 15 States with the Best Roads in the US and 12 Best Small-Cap Biotech Stocks with Massive Potential According to Hedge Funds.

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