5 Popular Penny Stocks On Robinhood

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In this article, we will discuss the 5 best penny stocks trending on Robinhood. If you want to explore similar stocks, you can read 11 Popular Penny Stocks On Robinhood.  Our article used positive analyst ratings to determine the stocks selected for this article. If you are interested in Insider Monkey’s Research Director’s top stock picks, please consider subscribing to our Premium Readership Newsletter. He holds a Ph.D. in financial economics and his stock picks in our monthly newsletter returned 147% since March 2017 vs. 74% gain for the S&P 500 ETF (SPY) during the same period. At the very least you should subscribe to our free daily newsletter by entering your email address below to find out which stocks hedge funds are buying on a daily basis:

5. SelectQuote, Inc. (NYSE:SLQT)

Share Price as of October 27: $0.57

Number of Hedge Fund Holders: 9

SelectQuote Inc. (NYSE:SLQT) provides various insurance products in the United States. The company has three business divisions: Senior, Life, and Auto & Home. The stock is trending on Robinhood and is among the best penny stocks to buy now. As of October 27, SelectQuote, Inc. (NYSE:SLQT) has a 3-month average trading volume of 3.4 million.

Wall Street analysts are also watching SelectQuote, Inc. (NYSE:SLQT). This August, Citi analyst Daniel Grosslight revised his price target on SelectQuote, Inc. (NYSE:SLQT) to $1.50 from $2.75 and reiterated a Neutral rating on the shares. On August 30, RBC Capital analyst Ben Hendrix adjusted his price target on SelectQuote, Inc. (NYSE:SLQT) to $2 from $3 and maintained a Sector Perform rating on the shares. The stock’s average price target sits at $1.75 and implies an upside of 211.5% from current levels.

At the end of Q2 2022, 9 hedge funds disclosed having stakes in SelectQuote, Inc. (NYSE:SLQT). These funds held collective stakes of $87 million in the company. As of June 30, Kynam Capital Management is the leading shareholder in SelectQuote, Inc. (NYSE:SLQT) and has stakes worth $43.8 million in the company.

Follow Selectquote Inc. (NYSE:SLQT)

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