Celsion Co. (CLSN) Receives Average Rating of “Buy” from Brokerages

Celsion Co. (NASDAQ:CLSN) has been assigned a consensus rating of “Buy” from the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.50.

Several equities analysts have commented on the company. Zacks Investment Research downgraded Celsion from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine upgraded Celsion from a “strong sell” rating to a “sell” rating in a report on Saturday, December 9th. Finally, Oppenheimer initiated coverage on shares of Celsion in a research note on Tuesday, November 21st. They issued an “outperform” rating and a $9.00 price objective on the stock.

Celsion (NASDAQ:CLSN) opened at $2.35 on Friday. Celsion has a twelve month low of $1.24 and a twelve month high of $7.56. The company has a market capitalization of $37.75, a P/E ratio of -0.40 and a beta of 1.82.

Celsion (NASDAQ:CLSN) last announced its quarterly earnings results on Tuesday, November 14th. The biotechnology company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.17. Celsion had a negative return on equity of 282.94% and a negative net margin of 4,292.80%. The company had revenue of $0.13 million for the quarter, compared to the consensus estimate of $0.13 million. equities research analysts expect that Celsion will post -2.46 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Celsion stock. Sabby Management LLC acquired a new position in Celsion Co. (NASDAQ:CLSN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 108,843 shares of the biotechnology company’s stock, valued at approximately $223,000. Sabby Management LLC owned about 1.30% of Celsion at the end of the most recent quarter. Institutional investors and hedge funds own 4.00% of the company’s stock.

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About Celsion

Celsion Corporation is an oncology drug development company. The Company’s product candidate is ThermoDox, a heat-activated liposomal encapsulation of doxorubicin, which is in Phase III clinical trial for treatment of primary liver cancer (the OPTIMA Study) and a Phase II clinical trial for treatment of recurrent chest wall breast cancer (the DIGNITY Study).

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