Zafgen (ZFGN) Shares Up -1%
Zafgen Inc (NASDAQ:ZFGN) shot up 1% on Friday . The stock traded as high as $5.66 and last traded at $5.13. 220,400 shares were traded during mid-day trading, an increase of 2% from the average session volume of 215,400 shares. The stock had previously closed at $5.18.
Several brokerages have weighed in on ZFGN. Zacks Investment Research raised Zafgen from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Saturday, November 11th. ValuEngine cut Zafgen from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.63.
The stock has a market cap of $152.56, a P/E ratio of -3.07 and a beta of -1.25.
Zafgen (NASDAQ:ZFGN) last released its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.46) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.12. equities analysts predict that Zafgen Inc will post -2.02 EPS for the current fiscal year.
In other Zafgen news, Director Frances K. Heller purchased 10,000 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was bought at an average price of $3.90 per share, with a total value of $39,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ZFGN. GSA Capital Partners LLP bought a new position in shares of Zafgen in the second quarter worth $259,000. OxFORD Asset Management LLP bought a new position in shares of Zafgen in the second quarter worth $364,000. Goldman Sachs Group Inc. grew its stake in shares of Zafgen by 1,701.5% in the second quarter. Goldman Sachs Group Inc. now owns 197,287 shares of the biopharmaceutical company’s stock worth $692,000 after purchasing an additional 186,336 shares in the last quarter. Mangrove Partners bought a new position in Zafgen during the third quarter valued at about $1,971,000. Finally, Dimensional Fund Advisors LP boosted its stake in Zafgen by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 584,159 shares of the biopharmaceutical company’s stock valued at $2,050,000 after buying an additional 140,848 shares in the last quarter. 48.60% of the stock is owned by institutional investors.
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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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