Roth Capital set a $15.00 target price on Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE) in a research note released on Sunday morning. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on ZYNE. Maxim Group set a $32.00 price objective on shares of Zynerba Pharmaceuticals and gave the company a buy rating in a research note on Monday, June 26th. Zacks Investment Research upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Thursday, July 13th. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a report on Wednesday, July 12th. Cantor Fitzgerald set a $28.00 price target on shares of Zynerba Pharmaceuticals and gave the company a buy rating in a report on Thursday, June 8th. Finally, Jefferies Group LLC reiterated a buy rating and set a $32.00 price target on shares of Zynerba Pharmaceuticals in a report on Sunday, July 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $14.63.

Zynerba Pharmaceuticals (ZYNE) opened at 10.02 on Friday. Zynerba Pharmaceuticals has a 52 week low of $5.80 and a 52 week high of $23.57. The company’s market cap is $132.84 million. The company’s 50-day moving average is $7.07 and its 200-day moving average is $7.07.

Zynerba Pharmaceuticals (NASDAQ:ZYNE) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.04). On average, analysts anticipate that Zynerba Pharmaceuticals will post ($2.42) EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Zynerba Pharmaceuticals by 12.4% during the 2nd quarter. Vanguard Group Inc. now owns 478,763 shares of the company’s stock valued at $8,125,000 after buying an additional 52,952 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Zynerba Pharmaceuticals in the 1st quarter worth $9,362,000. JPMorgan Chase & Co. raised its holdings in Zynerba Pharmaceuticals by 65,190.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 326,450 shares of the company’s stock worth $5,539,000 after purchasing an additional 325,950 shares in the last quarter. Citigroup Inc. raised its holdings in Zynerba Pharmaceuticals by 13,501.1% in the 2nd quarter. Citigroup Inc. now owns 221,698 shares of the company’s stock worth $3,762,000 after purchasing an additional 220,068 shares in the last quarter. Finally, State Street Corp bought a new position in Zynerba Pharmaceuticals in the 2nd quarter worth $2,698,000. Institutional investors own 34.32% of the company’s stock.

About Zynerba Pharmaceuticals

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)

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