5 Hot Penny Stocks To Buy According to Hedge Funds

4. Esperion Therapeutics, Inc. (NASDAQ:ESPR)

Number of Hedge Funds: 19

Michigan-based Esperion Therapeutics, Inc. (NASDAQ:ESPR) shares have gained about 60% over the past one month. Last month Esperion Therapeutics, Inc. (NASDAQ:ESPR) posted third quarter results. GAAP EPS in the quarter came in at -$0.37, beating estimates by $0.06. Revenue in the quarter jumped about 78.9% year over year to $34 million, beating estimates by $3.85 million.

As of the end of the third quarter of 2023, 19 hedge funds tracked by Insider Monkey reported owning stakes in Esperion. The biggest stakeholder of Esperion Therapeutics, Inc. (NASDAQ:ESPR) was Two Seas Capital.