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Zogenix (NASDAQ:ZGNX) COO Stephen J. Farr sold 20,900 shares of the company’s stock on the open market in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $2.10, for a total transaction of $43,890.00. Following the completion of the transaction, the chief operating officer now directly owns 902,209 shares of the company’s stock, valued at approximately $1,894,639. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on ZGNX. Analysts at R. F. Lafferty initiated coverage on shares of Zogenix in a research note on Friday. They set a “buy” rating and a $3.50 price target on the stock. Separately, analysts at William Blair reiterated an “outperform” rating on shares of Zogenix in a research note on Monday, May 12th. They now have a $5.00 price target on the stock, down previously from $6.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Zogenix in a research note on Friday, April 25th. They now have a $5.00 price target on the stock.

Shares of Zogenix (NASDAQ:ZGNX) traded up 1.11% on Friday, hitting $1.82. The stock had a trading volume of 280,222 shares. Zogenix has a 1-year low of $1.32 and a 1-year high of $5.19. The stock has a 50-day moving average of $2.32 and a 200-day moving average of $3.30. The company’s market cap is $254.0 million. Zogenix also was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 18,987,265 shares, a decline of 6.3% from the April 30th total of 20,271,501 shares. Currently, 15.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,534,907 shares, the days-to-cover ratio is currently 12.4 days.

Zogenix (NASDAQ:ZGNX) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.20) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.17) by $0.03. The company had revenue of $7.70 million for the quarter, compared to the consensus estimate of $8.71 million. During the same quarter last year, the company posted ($0.17) earnings per share. Zogenix’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Zogenix will post $-0.64 earnings per share for the current fiscal year.

Zogenix, Inc (NASDAQ:ZGNX) is a pharmaceutical company commercializing and developing products for the treatment of central nervous system disorders and pain.

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