ZIOPHARM Oncology Inc (NASDAQ:ZIOP) Lifted to “Hold” at BidaskClub
ZIOPHARM Oncology Inc (NASDAQ:ZIOP) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
A number of other research firms have also recently weighed in on ZIOP. Zacks Investment Research raised ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. ValuEngine raised ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Finally, HC Wainwright began coverage on ZIOPHARM Oncology in a research report on Thursday, June 1st. They set a “buy” rating and a $9.50 price objective on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.17.
Shares of ZIOPHARM Oncology (ZIOP) traded down 0.34% during midday trading on Tuesday, hitting $5.94. The stock had a trading volume of 466,507 shares. ZIOPHARM Oncology has a 12 month low of $4.55 and a 12 month high of $7.88. The firm’s market cap is $835.35 million. The stock’s 50 day moving average price is $5.92 and its 200 day moving average price is $6.35.
ZIOPHARM Oncology (NASDAQ:ZIOP) last posted its quarterly earnings data on Monday, July 31st. The biotechnology company reported ($0.13) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.13). The company had revenue of $1.60 million for the quarter, compared to analysts’ expectations of $1.66 million. During the same period in the previous year, the firm earned ($1.01) earnings per share. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. On average, equities analysts forecast that ZIOPHARM Oncology will post ($0.54) EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the stock. Third Security LLC acquired a new stake in shares of ZIOPHARM Oncology during the fourth quarter valued at about $51,946,000. Vanguard Group Inc. increased its stake in shares of ZIOPHARM Oncology by 5.7% in the first quarter. Vanguard Group Inc. now owns 7,310,537 shares of the biotechnology company’s stock valued at $46,348,000 after buying an additional 396,678 shares during the period. LMM LLC increased its stake in shares of ZIOPHARM Oncology by 21.3% in the fourth quarter. LMM LLC now owns 4,793,896 shares of the biotechnology company’s stock valued at $39,838,000 after buying an additional 840,299 shares during the period. State Street Corp increased its stake in shares of ZIOPHARM Oncology by 0.6% in the first quarter. State Street Corp now owns 4,039,207 shares of the biotechnology company’s stock valued at $25,607,000 after buying an additional 22,864 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of ZIOPHARM Oncology by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,045,989 shares of the biotechnology company’s stock valued at $22,601,000 after buying an additional 17,982 shares during the period. 38.20% of the stock is currently owned by institutional investors.
About ZIOPHARM Oncology
ZIOPHARM Oncology, Inc is a biopharmaceutical company, which is seeking to develop, acquire and commercialize, on its own or with partners, a portfolio of cancer therapies that address unmet medical needs. The Company is focused on developing products in immuno-oncology that employ gene expression, control and cell technologies to deliver cell- and viral-based therapies for the treatment of cancer and graft-versus-host-disease.
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