Shares of Kadmon Holdings Inc (NYSE:KDMN) rose 1.6% during trading on Thursday . The company traded as high as $5.20 and last traded at $5.03. Approximately 285,234 shares changed hands during trading, a decline of 77% from the average daily volume of 1,230,544 shares. The stock had previously closed at $5.11.

KDMN has been the subject of a number of research reports. HC Wainwright reaffirmed a “buy” rating and set a $25.00 price target on shares of Kadmon in a research report on Friday, November 17th. Zacks Investment Research raised Kadmon from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.65.

Kadmon (NYSE:KDMN) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.38) by ($0.04). The firm had revenue of $2.28 million during the quarter, compared to analyst estimates of $5.69 million. The firm’s revenue for the quarter was down 60.0% on a year-over-year basis. During the same period in the previous year, the business posted ($4.24) earnings per share. research analysts anticipate that Kadmon Holdings Inc will post -1.62 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Kadmon by 151.2% in the 4th quarter. BlackRock Inc. now owns 208,190 shares of the company’s stock valued at $754,000 after buying an additional 125,308 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Kadmon by 66.6% in the 4th quarter. Bank of New York Mellon Corp now owns 59,430 shares of the company’s stock valued at $216,000 after buying an additional 23,763 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Kadmon by 38.5% in the 4th quarter. Wells Fargo & Company MN now owns 102,418 shares of the company’s stock valued at $370,000 after buying an additional 28,462 shares during the period. AE Wealth Management LLC lifted its holdings in shares of Kadmon by 61.1% in the 4th quarter. AE Wealth Management LLC now owns 520,713 shares of the company’s stock valued at $1,885,000 after buying an additional 197,552 shares during the period. Finally, Susquehanna International Group LLP lifted its holdings in shares of Kadmon by 3,211.2% in the 3rd quarter. Susquehanna International Group LLP now owns 443,135 shares of the company’s stock valued at $1,485,000 after buying an additional 429,752 shares during the period. 51.91% of the stock is owned by institutional investors and hedge funds.

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Kadmon Company Profile

Kadmon Holdings, Inc is an integrated biopharmaceutical company engaged in the discovery, development and commercialization of small molecules and biologics to address disease areas of various unmet medical needs. The Company is developing product candidates in a number of indications within autoimmune and fibrotic disease, oncology and genetic diseases.

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