5 Cheapest Stocks on Robinhood

3. VEON Ltd. (NASDAQ: VEON)

Number of Hedge Fund Holders: 8
Price as of August 1, 2021: $1.75

VEON Ltd. (NASDAQ: VEON) is a Netherlands-based company that offers telephone and mobile communication services. It is ranked third on our list of 10 cheapest stocks on Robinhood. The company’s shares have returned 15% to investors over the past six months. On June 16, the firm announced that it had acquired a majority stake in Russian ad-tech firm named OTM. OTM is one of the largest ad-tech firms in Russian in terms of revenue and volume of online ad inventories. 

On June 17, investment advisory UBS upgraded VEON Ltd. (NASDAQ: VEON) stock to Buy from Neutral and raised the price target to $2.40 from $1.65. Ondrej Cabejsek, an analyst at the firm, issued the ratings update. 

At the end of the first quarter of 2021, 8 hedge funds in the database of Insider Monkey held stakes worth $20 million in VEON Ltd. (NASDAQ: VEON), up from 6 in the previous quarter worth $15 million.