3. eMagin Corporation (NYSE: EMAN)
Number of Hedge Fund Holders: 9
The eMagin Corporation (NYSE: EMAN) develops and markets virtual image solutions, including organic light-emitting diode displays. It was established in 1996 and currently has a market value of about $200 million.
Investment consulting firm HC Wainwright increased the price objective for eMagin Corporation (NYSE: EMAN) shares from $2 to $5 in March and confirmed its Buy recommendation on the stock, stating that the company was well-positioned for growth this year because to strengthening virtual reality prospects.
By the end of the first quarter of 2021, nine hedge funds in Insider Monkey’s database had positions in eMagin Corporation (NYSE: EMAN) worth $5.9 million, up from five at $786,000.
2. Zynga Inc. (NASDAQ:ZNGA)
Number of Hedge Fund Holders: 49
Farmville and Zynga Poker are two well-known social game titles created by Zynga Inc. (NASDAQ:ZNGA), a well-known social game developer worldwide. Since the COVID-19 epidemic began, the videogame business has flourished as more people chose to stay indoors and play video games.
In the second quarter of 2021, 49 hedge funds had positions in Zynga Inc. (NASDAQ:ZNGA) worth $1.27 billion, up from 47 the quarter before.
An analyst at financial consulting firm BTIG named Clark Lampen began covering Zynga Inc. (NASDAQ:ZNGA) on October 26 with a Buy rating and a $10 price target. Zynga’s setup for 2022 “looks solid,” according to Lampen’s analysis of the firm from a sales viewpoint in a research note to investors.
