Beyond GameStop: Reddit’s WallStreetBets is Now Targeting These 5 Stocks

4. MicroVision, Inc. (NASDAQ: MVIS)

Number of hedge fund holders: 12 

MicroVision, Inc. (NASDAQ: MVIS) is placed fourth on our list of 10 stocks Reddit’s WallStreetBets is now targeting. The stock has returned 402% to investors in the past twelve months. The firm makes and sells lidar sensors that are used by various automakers working on self driving and autonomous driving technology. The firm has a market cap of over $2 billion and posted more than $3 million in annual revenue last year. In the first quarter, the company missed market estimates on earnings per share and revenue. 

MicroVision, Inc. (NASDAQ: MVIS) recently joined the Russell 2000 Index and announced a $140 million at-the-market equity offering. The proceeds from the sale of the offering will be used for generate corporate purposes, according to the firm. 

Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in MicroVision, Inc. (NASDAQ: MVIS) with 1.2 million shares worth more than $32 million.