ZIOPHARM Oncology Inc (NASDAQ:ZIOP) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

ZIOP has been the topic of several other reports. HC Wainwright started coverage on shares of ZIOPHARM Oncology in a research report on Thursday, June 1st. They set a “buy” rating and a $9.50 price objective on the stock. Zacks Investment Research upgraded shares of ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, ValuEngine upgraded shares of ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.17.

ZIOPHARM Oncology (ZIOP) opened at 5.51 on Monday. The stock has a 50 day moving average of $5.89 and a 200 day moving average of $6.34. ZIOPHARM Oncology has a 12-month low of $4.84 and a 12-month high of $7.88. The company’s market cap is $774.88 million.

ZIOPHARM Oncology (NASDAQ:ZIOP) last announced its quarterly earnings data on Monday, July 31st. The biotechnology company reported ($0.13) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The firm had revenue of $1.60 million for the quarter, compared to the consensus estimate of $1.66 million. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.01) earnings per share. Equities analysts expect that ZIOPHARM Oncology will post ($0.56) earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of ZIOPHARM Oncology during the fourth quarter worth about $5,556,000. Teachers Advisors LLC increased its stake in shares of ZIOPHARM Oncology by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 198,508 shares of the biotechnology company’s stock worth $1,062,000 after buying an additional 3,699 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in shares of ZIOPHARM Oncology during the fourth quarter worth about $164,000. Creative Planning increased its stake in shares of ZIOPHARM Oncology by 289.3% in the first quarter. Creative Planning now owns 57,863 shares of the biotechnology company’s stock worth $367,000 after buying an additional 43,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of ZIOPHARM Oncology by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 266,366 shares of the biotechnology company’s stock worth $1,689,000 after buying an additional 15,610 shares in the last quarter. Institutional investors own 38.17% of the company’s stock.

About ZIOPHARM Oncology

ZIOPHARM Oncology, Inc is a biopharmaceutical company, which is seeking to develop, acquire and commercialize, on its own or with partners, a portfolio of cancer therapies that address unmet medical needs. The Company is focused on developing products in immuno-oncology that employ gene expression, control and cell technologies to deliver cell- and viral-based therapies for the treatment of cancer and graft-versus-host-disease.

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