In this article, we will take a look at the 5 penny stocks with biggest upside. To see more such companies, go directly to 15 Penny Stocks with Biggest Upside.
5. Pitney Bowes Inc. (NYSE:PBI)
Number of Hedge Fund Holders: 17
Shipping and mailing solutions company Pitney Bowes Inc. (NYSE:PBI) ranks 5th in our list of the penny stocks with upside potential. Pitney Bowes Inc. (NYSE:PBI) is also a dividend payer, with a yield of about 6%.
As of the end of the second quarter of 2023, 17 hedge funds in Insider Monkey’s database of 910 hedge funds reported having stakes in Pitney Bowes Inc. (NYSE:PBI). The most significant stakeholder of Pitney Bowes Inc. (NYSE:PBI) was
4. Codexis, Inc. (NASDAQ:CDXS)
Number of Hedge Fund Holders: 18
Engineering company Codexis, Inc. (NASDAQ:CDXS) last month posted second quarter results.
GAAP EPS in the quarter came in at -$0.17 beating estimates by $0.04. Revenue in the quarter fell 44.5% year over year to $21.32 million, in-line with estimates.
As of the end of the second quarter of 2023, 18 hedge funds tracked by Insider Monkey reported owning stakes in Codexis, Inc. (NASDAQ:CDXS). The biggest hedge fund stakeholder of Codexis, Inc. (NASDAQ:CDXS) was Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management which owns a $14 million stake in the company.
3. Advantage Solutions Inc. (NASDAQ:ADV)
Number of Hedge Fund Holders: 19
Advertising and analytics company Advantage Solutions Inc. (NASDAQ:ADV) last month posted second quarter results. Adjusted EPS in the quarter came in at -$0.03 beating estimates by $0.06. Revenue in the quarter jumped 6% year over year to $1.04 billion.
Insider Monkey’s database of 910 hedge funds shows that 19 funds had stakes in Advantage Solutions Inc. (NASDAQ:ADV) as of the end of the second quarter.
2. Brandywine Realty Trust (NYSE:BDN)
Number of Hedge Fund Holders: 19
Office buildings REIT Brandywine Realty Trust (NYSE:BDN) is one of the penny stocks with strong upside potential according to financial media. As of the end of the second quarter of 2023, 19 hedge funds tracked by Insider Monkey had stakes in Brandywine Realty Trust (NYSE:BDN).
In July Brandywine Realty Trust (NYSE:BDN) posted second quarter results. FFO in the second quarter came in at $0.29 beating estimates by $0.02. Brandywine Realty Trust (NYSE:BDN) narrowed its loss per share guidance for 2023.
1. Kinross Gold Corporation (NYSE:KGC)
Number of Hedge Fund Holders: 26
Kinross Gold Corporation (NYSE:KGC) is one of the penny stocks financial media believes has a strong upside.
As of the end of the second quarter of 2023, 26 hedge funds tracked by Insider Monkey had stakes in Kinross Gold Corporation (NYSE:KGC).
You can also take a peek at Wall Street Analysts See Upside Potential for 10 Stocks with Rising Price Targets and 16 Most Profitable Dividend Stocks.
