Zafgen, Inc. (ZFGN) Lifted to Sell at ValuEngine
Zafgen, Inc. (NASDAQ:ZFGN) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Zafgen from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research report on Wednesday, May 10th. Roth Capital initiated coverage on Zafgen in a research report on Thursday, April 20th. They set a “buy” rating and a $9.00 price objective for the company. Finally, Cowen and Company reiterated a “hold” rating on shares of Zafgen in a research report on Friday, March 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $14.67.
Shares of Zafgen (NASDAQ:ZFGN) traded up 1.42% on Thursday, hitting $3.57. 82,211 shares of the stock traded hands. Zafgen has a 12 month low of $2.89 and a 12 month high of $7.09. The firm’s 50 day moving average is $3.80 and its 200-day moving average is $4.11. The company’s market cap is $97.72 million.
Zafgen (NASDAQ:ZFGN) last posted its quarterly earnings data on Tuesday, May 9th. The biopharmaceutical company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by $0.05. Equities analysts predict that Zafgen will post ($2.34) earnings per share for the current year.
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In other Zafgen news, insider Dennis D. Kim purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were purchased at an average cost of $4.40 per share, with a total value of $44,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. Parametric Portfolio Associates LLC raised its stake in shares of Zafgen by 55.8% in the first quarter. Parametric Portfolio Associates LLC now owns 28,832 shares of the biopharmaceutical company’s stock worth $134,000 after buying an additional 10,327 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new stake in shares of Zafgen during the first quarter worth about $170,000. Wells Fargo & Company MN raised its stake in shares of Zafgen by 1,290.3% in the first quarter. Wells Fargo & Company MN now owns 43,531 shares of the biopharmaceutical company’s stock worth $203,000 after buying an additional 40,400 shares during the last quarter. Federated Investors Inc. PA raised its stake in shares of Zafgen by 27.0% in the fourth quarter. Federated Investors Inc. PA now owns 129,661 shares of the biopharmaceutical company’s stock worth $412,000 after buying an additional 27,533 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Zafgen by 5.9% in the first quarter. Bank of New York Mellon Corp now owns 104,199 shares of the biopharmaceutical company’s stock worth $485,000 after buying an additional 5,794 shares during the last quarter. 52.00% of the stock is currently owned by hedge funds and other institutional investors.
Zafgen Company Profile
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.
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