Zacks Investment Research lowered shares of Zafgen, Inc. (NASDAQ:ZFGN) from a buy rating to a hold rating in a research report report published on Saturday morning.

According to Zacks, “Zafgen, Inc. is a biopharmaceutical company. The Company develops therapeutics for patients suffering from obesity and obesity-related disorders. Its lead product candidate includes Beloranib, an injection that is in Phase II clinical trials for the treatment of various indications comprising obesity and hyperphagia in Prader-Willi Syndrome patients, craniopharyngioma-associated obesity, and severe obesity in the general population. Zafgen, Inc. is headquartered in Cambridge, Massachusetts. “

Separately, ValuEngine lowered Zafgen from a sell rating to a strong sell rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $6.50.

Zafgen (ZFGN) opened at 3.40 on Friday. Zafgen has a 12 month low of $2.89 and a 12 month high of $5.46. The stock’s market capitalization is $93.44 million. The stock’s 50 day moving average is $3.46 and its 200-day moving average is $4.00.

Zafgen (NASDAQ:ZFGN) last posted its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.49) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.03. During the same period last year, the business earned ($0.55) EPS. On average, equities research analysts expect that Zafgen will post ($2.23) earnings per share for the current year.

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In related news, insider Dennis D. Kim acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, July 11th. The stock was purchased at an average cost of $3.39 per share, for a total transaction of $33,900.00. Following the purchase, the insider now directly owns 21,443 shares in the company, valued at $72,691.77. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 21.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of ZFGN. Algert Global LLC bought a new position in Zafgen during the 2nd quarter worth $123,000. Parametric Portfolio Associates LLC grew its stake 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 buying an additional 10,327 shares during the last quarter. Nine Chapters Capital Management LLC bought a new position in Zafgen during the 1st quarter worth $170,000. Wells Fargo & Company MN grew its stake 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 buying an additional 40,400 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Zafgen during the 2nd quarter worth $259,000. Hedge funds and other institutional investors own 48.52% of the company’s stock.

Zafgen Company Profile

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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