ZIOPHARM Oncology Inc (NASDAQ:ZIOP) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other research analysts have also weighed in on the company. HC Wainwright started coverage on ZIOPHARM Oncology in a report on Thursday, June 1st. They set a “buy” rating and a $9.50 target price on the stock. BidaskClub lowered ZIOPHARM Oncology from a “hold” rating to a “sell” rating in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.17.

Shares of ZIOPHARM Oncology (NASDAQ:ZIOP) traded up 7.36% on Monday, hitting $6.13. The stock had a trading volume of 2,286,495 shares. The company’s 50-day moving average price is $5.70 and its 200 day moving average price is $6.29. ZIOPHARM Oncology has a 12-month low of $4.84 and a 12-month high of $7.88. The firm’s market cap is $862.07 million.

ZIOPHARM Oncology (NASDAQ:ZIOP) last posted its earnings results on Monday, July 31st. The biotechnology company reported ($0.13) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.13). The business had revenue of $1.60 million for the quarter, compared to the consensus estimate of $1.66 million. The business’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.01) earnings per share. On average, equities research analysts forecast that ZIOPHARM Oncology will post ($0.56) earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the stock. Vident Investment Advisory LLC raised its stake in shares of ZIOPHARM Oncology by 20.0% in the first quarter. Vident Investment Advisory LLC now owns 137,976 shares of the biotechnology company’s stock worth $875,000 after buying an additional 22,996 shares during the period. Old West Investment Management LLC purchased a new stake in shares of ZIOPHARM Oncology during the first quarter worth approximately $205,000. Morgan Stanley raised its stake in shares of ZIOPHARM Oncology by 19.5% in the first quarter. Morgan Stanley now owns 1,989,175 shares of the biotechnology company’s stock worth $12,610,000 after buying an additional 324,774 shares during the period. Piermont Capital Management Inc. purchased a new stake in shares of ZIOPHARM Oncology during the first quarter worth approximately $639,000. Finally, State Street Corp raised its stake in shares of ZIOPHARM Oncology by 0.6% in the first quarter. State Street Corp now owns 4,039,207 shares of the biotechnology company’s stock worth $25,607,000 after buying an additional 22,864 shares during the period. Institutional investors own 41.94% 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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