5 Pump and Dump Stocks Hedge Funds Like

In this article, we discuss the 5 pump and dump stocks hedge funds like. If you want to read our detailed analysis of these stocks, go directly to the 10 Pump and Dump Stocks Hedge Funds Like.

5. Vapotherm, Inc. (NYSE:VAPO)

Number of Hedge Fund Holders: 9

52-Week Price Range ($): 0.46 – 24.23

Vapotherm, Inc. (NYSE:VAPO) is a medical technology company that focuses on the development and commercialization of proprietary high-velocity therapy products used to treat patients of various ages suffering from respiratory distress in the United States and internationally. On July 28, Vapotherm moved all of its manufacturing operations from Exeter to Mexico. On November 2, Vapotherm posted earnings for the third quarter of 2022, reporting losses per share of $0.98, missing market estimates by $0.20. The revenue over the period was $13.5 million, a low 64.6% compared to the revenue over the same period last year and missing market estimates by $3.02 million.

On November 3, investment advisory Piper Sandler maintained an Underweight rating on Vapotherm, Inc. (NYSE:VAPO) stock and lowered the price target to $1 from $2. Analyst Jason Bednar issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Vapotherm, Inc. (NYSE:VAPO) with 1.3 million shares worth more than $2.1 million.