Zacks Investment Research cut shares of Zafgen, Inc. (NASDAQ:ZFGN) from a buy rating to a hold rating in a report issued on Saturday.

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. “

Separately, ValuEngine upgraded Zafgen from a strong sell rating to a sell rating in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $6.38.

Shares of Zafgen (ZFGN) opened at 3.56 on Friday. Zafgen has a 12 month low of $2.89 and a 12 month high of $5.46. The stock’s market cap is $97.84 million. The company has a 50 day moving average of $3.47 and a 200 day moving average of $4.04.

Zafgen (NASDAQ:ZFGN) last issued its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.49) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.52) by $0.03. During the same period in the prior year, the firm earned ($0.55) earnings per share. Equities research analysts expect that Zafgen will post ($2.23) earnings per share for the current fiscal year.

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In other news, insider Dennis D. Kim bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were bought at an average cost of $3.39 per share, for a total transaction of $33,900.00. Following the acquisition, the insider now directly owns 21,443 shares in the company, valued at $72,691.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 21.20% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Zafgen by 15.7% in the second quarter. Vanguard Group Inc. now owns 883,838 shares of the biopharmaceutical company’s stock worth $3,102,000 after buying an additional 119,902 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Zafgen by 31.8% in the second quarter. Dimensional Fund Advisors LP now owns 584,159 shares of the biopharmaceutical company’s stock worth $2,050,000 after buying an additional 140,848 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Zafgen by 937.6% in the first quarter. JPMorgan Chase & Co. now owns 495,743 shares of the biopharmaceutical company’s stock worth $2,311,000 after buying an additional 447,964 shares in the last quarter. Spark Investment Management LLC boosted its position in shares of Zafgen by 49.5% in the second quarter. Spark Investment Management LLC now owns 282,200 shares of the biopharmaceutical company’s stock worth $990,000 after buying an additional 93,500 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Zafgen by 97.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 213,000 shares of the biopharmaceutical company’s stock worth $993,000 after buying an additional 105,000 shares in the last quarter. Institutional investors own 48.52% 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.

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