Oppenheimer Holdings, Inc. reissued their hold rating on shares of Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) in a research report sent to investors on Friday morning.

Several other research analysts have also issued reports on the company. Zacks Investment Research raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Thursday, July 13th. Jefferies Group LLC reissued a buy rating and issued a $32.00 price objective on shares of Zynerba Pharmaceuticals in a research report on Sunday, July 9th. ValuEngine raised Zynerba Pharmaceuticals from a strong sell rating to a sell rating in a research report on Friday, September 1st. BidaskClub raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Wednesday, July 12th. Finally, Maxim Group set a $32.00 price objective on Zynerba Pharmaceuticals and gave the stock a buy rating in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $14.33.

Zynerba Pharmaceuticals (ZYNE) traded down 11.44% on Friday, reaching $8.36. The company’s stock had a trading volume of 3,267,315 shares. The firm’s 50-day moving average price is $6.28 and its 200-day moving average price is $6.28. Zynerba Pharmaceuticals has a 52-week low of $6.10 and a 52-week high of $23.57. The stock’s market cap is $110.83 million.

Zynerba Pharmaceuticals (NASDAQ:ZYNE) last announced its earnings results on Tuesday, August 1st. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.04). On average, equities analysts expect that Zynerba Pharmaceuticals will post ($2.39) earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Zynerba Pharmaceuticals, Inc. (ZYNE) Receives “Hold” Rating from Oppenheimer Holdings, Inc.” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/09/30/zynerba-pharmaceuticals-inc-zyne-receives-hold-rating-from-oppenheimer-holdings-inc.html.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Zynerba Pharmaceuticals by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 12,165 shares of the company’s stock valued at $245,000 after buying an additional 635 shares during the period. Nationwide Fund Advisors acquired a new stake in shares of Zynerba Pharmaceuticals in the 2nd quarter valued at about $110,000. FNY Managed Accounts LLC acquired a new stake in shares of Zynerba Pharmaceuticals in the 1st quarter valued at about $180,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Zynerba Pharmaceuticals in the 2nd quarter valued at about $158,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Zynerba Pharmaceuticals in the 1st quarter valued at about $188,000. Institutional investors own 34.32% of the company’s stock.

Zynerba Pharmaceuticals Company Profile

Zynerba Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing transdermal synthetic cannabinoid treatments for patients with high unmet needs. Its development pipeline includes two product candidates: ZYN002 and ZYN001. ZYN002 is a synthetic cannabidiol (CBD), which is a non-psychoactive cannabinoid, formulated as a patent-protected permeation-enhanced gel for transdermal delivery through the skin and into the circulatory system.

Analyst Recommendations for Zynerba Pharmaceuticals (NASDAQ:ZYNE)

Receive News & Stock Ratings for Zynerba Pharmaceuticals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zynerba Pharmaceuticals Inc. and related stocks with our FREE daily email newsletter.