Ken Fisher’s 5 New Stock Picks

2. IDEAYA Biosciences, Inc. (NASDAQ:IDYA)

Ken Fisher’s Stake: $1,145,000

IDEAYA Biosciences, Inc. (NASDAQ:IDYA) shares have gained about 155% over the past one year. Ken Fisher’s hedge fund opened a new position valued at $1.15 million in IDEAYA Biosciences, Inc. (NASDAQ:IDYA) during the second quarter. Earlier in August IDEAYA Biosciences, Inc. (NASDAQ:IDYA) posted second quarter results. GAAP EPS in the quarter came in at -$0.50 beating estimates by $0.06. Revenue in the quarter fell 39.4% year over year to $3.54 million, missing estimates by $0.86 million.

Out of the 910 hedge funds tracked by Insider Monkey, 26 hedge funds reported owning stakes in IDEAYA Biosciences, Inc. (NASDAQ:IDYA) as of the end of the June quarter. The biggest hedge fund stakeholder of IDEAYA Biosciences, Inc. (NASDAQ:IDYA) was Mark Lampert’s Biotechnology Value Fund / BVF Inc. with a stake worth over $134 million.