9 Must-Buy Penny Stocks to Invest In Now

7. UWM Holdings Corp (NYSE:UWMC)

Number of Hedge Fund Holders: 46

Upside Potential: 51.98%

Stock Price: $3.92

UWM Holdings Corp (NYSE:UWMC) is among the must-buy penny stocks to invest in now. UWM Holdings Corp (NYSE:UWMC) may be looking to go to court over the Two Harbors acquisition issue, according to regulatory filings. In an SEC filing on April 10, Two Harbors revealed that UWM Holdings issued it with a document preservation notice. In that notice, UWM Holdings required Two Harbors to preserve all records related to their acquisition talks.

This document preservation request comes after UWM Holdings registered its disappointment over Two Harbors’ decision to reject its buyout offer in favor of a deal with CrossCountry Mortgage.

In a March 27 press release, UWM Holdings said that Two Harbors’ actions do not reflect the best interests of its shareholders. It went on to state that it was only interested in acquiring Two Harbors’ servicing book, noting that Two Harbors’ operations were not enticing. According to UWM Holdings, its operations are best-in-class, so there were no operational efficiencies to be gained from Two Harbors. UWM Holdings added that its business is growing and it will continue to be the market leader.

Also on March 27, a UWM Holdings spokesperson was quoted in a Wall Street Journal report as saying that their offer for Two Harbors was better than the rival CrossCountry offer that Two Harbors ultimately accepted. The spokesperson went on to state that “the full context will be made public in due course, allowing both shareholders and the courts to evaluate the facts accordingly.”

On March 9, UWM Holdings issued updated financial forecasts for Q1 and full-year 2026. It’s anticipating revenue in the range of $800 million to $900 million in Q1. It reported revenue of $613.4 million in Q1 2025. For the full-year 2026, it projected revenue in the range of $3.5 billion to $4.5 billion. Revenue was $3.16 billion in 2025.

Michigan-based UWM Holdings Corp (NYSE:UWMC) is engaged in the mortgage lending business. It operates as a wholesale mortgage lender across the US, helping with things like loan origination, sale, and servicing residential mortgage lending. The company was founded in 1986 and has grown to be the largest US mortgage lender.