Zafgen, Inc. (NASDAQ:ZFGN) Receives Consensus Rating of “Hold” from Analysts
Zafgen, Inc. (NASDAQ:ZFGN) has earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $6.33.
A number of brokerages have recently issued reports on ZFGN. Zacks Investment Research lowered shares of Zafgen from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. ValuEngine upgraded shares of Zafgen from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Roth Capital initiated coverage on shares of Zafgen in a research report on Thursday, April 20th. They set a “buy” rating and a $9.00 target price on the stock.
Zafgen (NASDAQ ZFGN) traded down 3.53% on Tuesday, hitting $3.55. 127,330 shares of the company were exchanged. The stock has a 50 day moving average price of $3.80 and a 200 day moving average price of $4.11. The firm’s market cap is $97.17 million. Zafgen has a one year low of $2.89 and a one year high of $6.87.
Zafgen (NASDAQ:ZFGN) last announced its earnings results on Tuesday, May 9th. The biopharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by $0.05. On average, equities research analysts forecast that Zafgen will post ($2.34) EPS for the current fiscal year.
In other Zafgen news, insider Dennis D. Kim purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average cost of $4.40 per share, with a total value of $44,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 21.20% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased 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 valued at $134,000 after buying an additional 10,327 shares during the last quarter. Nine Chapters Capital Management LLC purchased a new stake in shares of Zafgen during the first quarter valued at approximately $170,000. Wells Fargo & Company MN increased 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 valued at $203,000 after buying an additional 40,400 shares during the last quarter. Bank of New York Mellon Corp increased 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 valued at $485,000 after buying an additional 5,794 shares during the last quarter. Finally, Federated Investors Inc. PA increased 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 valued at $412,000 after buying an additional 27,533 shares during the last quarter. 52.00% of the stock is owned by hedge funds and other institutional investors.
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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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