Zafgen Inc. (ZFGN) Cut to “Hold” at Zacks Investment Research

Zafgen Inc. (NASDAQ:ZFGN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

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. “

Other equities analysts have also recently issued reports about the company. FBR & Co restated a “buy” rating on shares of Zafgen in a research report on Monday, June 13th. Cowen and Company restated a “buy” rating and set a $60.00 target price on shares of Zafgen in a research report on Thursday, August 25th. Canaccord Genuity set a $4.00 target price on Zafgen and gave the stock a “hold” rating in a research report on Thursday, July 21st. Finally, Leerink Swann restated a “market perform” rating and set a $6.00 target price on shares of Zafgen in a research report on Wednesday, July 20th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.22.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/zafgen-inc-zfgn-cut-to-hold-at-zacks-investment-research.html

Zafgen (NASDAQ:ZFGN) traded up 5.539% during trading on Wednesday, reaching $3.525. The company’s stock had a trading volume of 588,342 shares. The company’s market cap is $96.33 million. The stock has a 50-day moving average price of $3.13 and a 200 day moving average price of $5.42. Zafgen has a 52-week low of $2.90 and a 52-week high of $44.98.

In related news, CFO Patricia L. Allen bought 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was bought at an average cost of $3.12 per share, for a total transaction of $49,920.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frances K. Heller bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were bought at an average price of $2.99 per share, with a total value of $29,900.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $29,900. The disclosure for this purchase can be found here. Corporate insiders own 20.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. Bellevue Group AG bought a new stake in shares of Zafgen during the first quarter valued at $134,000. VHCP Management II LLC bought a new stake in shares of Zafgen during the first quarter valued at $945,000. BlackRock Fund Advisors boosted its stake in shares of Zafgen by 4.2% in the first quarter. BlackRock Fund Advisors now owns 785,896 shares of the biopharmaceutical company’s stock valued at $5,250,000 after buying an additional 31,429 shares in the last quarter. Granahan Investment Management Inc. MA boosted its stake in shares of Zafgen by 25.7% in the first quarter. Granahan Investment Management Inc. MA now owns 363,029 shares of the biopharmaceutical company’s stock valued at $2,425,000 after buying an additional 74,150 shares in the last quarter. Finally, Deerfield Management Co. boosted its stake in shares of Zafgen by 262.2% in the first quarter. Deerfield Management Co. now owns 3,055,603 shares of the biopharmaceutical company’s stock valued at $20,411,000 after buying an additional 2,211,938 shares in the last quarter. Institutional investors own 62.83% of the company’s stock.

About Zafgen

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.

5 Day Chart for NASDAQ:ZFGN

Get a free copy of the Zacks research report on Zafgen (ZFGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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Zafgen Inc. (ZFGN) Cut to “Hold” at Zacks Investment Research

Zafgen Inc. (NASDAQ:ZFGN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

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. “

Other equities analysts have also recently issued reports about the company. FBR & Co restated a “buy” rating on shares of Zafgen in a research report on Monday, June 13th. Cowen and Company restated a “buy” rating and set a $60.00 target price on shares of Zafgen in a research report on Thursday, August 25th. Canaccord Genuity set a $4.00 target price on Zafgen and gave the stock a “hold” rating in a research report on Thursday, July 21st. Finally, Leerink Swann restated a “market perform” rating and set a $6.00 target price on shares of Zafgen in a research report on Wednesday, July 20th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.22.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/zafgen-inc-zfgn-cut-to-hold-at-zacks-investment-research.html

Zafgen (NASDAQ:ZFGN) traded up 5.539% during trading on Wednesday, reaching $3.525. The company’s stock had a trading volume of 588,342 shares. The company’s market cap is $96.33 million. The stock has a 50-day moving average price of $3.13 and a 200 day moving average price of $5.42. Zafgen has a 52-week low of $2.90 and a 52-week high of $44.98.

In related news, CFO Patricia L. Allen bought 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was bought at an average cost of $3.12 per share, for a total transaction of $49,920.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frances K. Heller bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 22nd. The shares were bought at an average price of $2.99 per share, with a total value of $29,900.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $29,900. The disclosure for this purchase can be found here. Corporate insiders own 20.30% of the company’s stock.

Large investors have recently modified their holdings of the stock. Bellevue Group AG bought a new stake in shares of Zafgen during the first quarter valued at $134,000. VHCP Management II LLC bought a new stake in shares of Zafgen during the first quarter valued at $945,000. BlackRock Fund Advisors boosted its stake in shares of Zafgen by 4.2% in the first quarter. BlackRock Fund Advisors now owns 785,896 shares of the biopharmaceutical company’s stock valued at $5,250,000 after buying an additional 31,429 shares in the last quarter. Granahan Investment Management Inc. MA boosted its stake in shares of Zafgen by 25.7% in the first quarter. Granahan Investment Management Inc. MA now owns 363,029 shares of the biopharmaceutical company’s stock valued at $2,425,000 after buying an additional 74,150 shares in the last quarter. Finally, Deerfield Management Co. boosted its stake in shares of Zafgen by 262.2% in the first quarter. Deerfield Management Co. now owns 3,055,603 shares of the biopharmaceutical company’s stock valued at $20,411,000 after buying an additional 2,211,938 shares in the last quarter. Institutional investors own 62.83% of the company’s stock.

About Zafgen

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.

5 Day Chart for NASDAQ:ZFGN

Get a free copy of the Zacks research report on Zafgen (ZFGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Zafgen Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zafgen Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

 
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