Zafgen, Inc. (ZFGN) Receives Average Recommendation of “Hold” from Analysts
Shares of Zafgen, Inc. (NASDAQ:ZFGN) have received an average rating of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $9.00.
A number of research analysts have recently issued reports on ZFGN shares. Zacks Investment Research downgraded Zafgen from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. ValuEngine raised Zafgen from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 6th.
In related news, insider Dennis D. Kim acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was purchased at an average cost of $3.39 per share, with a total value of $33,900.00. Following the acquisition, the insider now owns 21,443 shares of the company’s stock, valued at approximately $72,691.77. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 21.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC increased its holdings in Zafgen by 55.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 28,832 shares of the biopharmaceutical company’s stock worth $134,000 after purchasing an additional 10,327 shares in the last quarter. Algert Global LLC bought a new stake in Zafgen during the 2nd quarter worth approximately $123,000. Nine Chapters Capital Management LLC bought a new stake in Zafgen during the 1st quarter worth approximately $170,000. Wells Fargo & Company MN increased its holdings in Zafgen by 1,290.3% during the 1st quarter. Wells Fargo & Company MN now owns 43,531 shares of the biopharmaceutical company’s stock worth $203,000 after purchasing an additional 40,400 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Zafgen during the 2nd quarter worth approximately $259,000. 48.52% of the stock is owned by hedge funds and other institutional investors.
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Zafgen (ZFGN) traded up 0.58% during midday trading on Wednesday, hitting $3.45. The stock had a trading volume of 82,711 shares. Zafgen has a 52 week low of $2.89 and a 52 week high of $5.46. The company’s 50 day moving average price is $3.47 and its 200-day moving average price is $4.01. The stock’s market capitalization is $94.82 million.
Zafgen (NASDAQ:ZFGN) last announced its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.52) by $0.03. During the same period last year, the company earned ($0.55) earnings per share. Equities analysts anticipate that Zafgen will post ($2.23) earnings per share for the current fiscal year.
Zafgen, Inc is a biopharmaceutical company. The Company is focused on improving the health and well-being of patients affected by obesity and complex metabolic disorders. The Company’s lead product candidate, Beloranib, is a twice-weekly subcutaneous injection being developed for the treatment of multiple indications, including severe obesity in rare diseases, such as Prader-Willi syndrome (PWS) and hypothalamic injury-associated obesity (HIAO), including craniopharyngioma-associated obesity.
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