Zafgen, Inc. (NASDAQ:ZFGN) Announces Quarterly Earnings Results
Zafgen, Inc. (NASDAQ:ZFGN) released its quarterly earnings results on Tuesday. The biopharmaceutical company reported ($0.49) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.03, Bloomberg Earnings reports. During the same period in the prior year, the business posted ($0.55) EPS.
Zafgen (NASDAQ ZFGN) traded down 4.1559% during midday trading on Thursday, hitting $3.2587. The company had a trading volume of 83,211 shares. Zafgen has a 1-year low of $2.89 and a 1-year high of $5.46. The firm’s market capitalization is $89.20 million. The company has a 50 day moving average price of $3.53 and a 200 day moving average price of $4.09.
Several analysts have issued reports on the company. ValuEngine raised Zafgen from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Zacks Investment Research lowered Zafgen from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Roth Capital assumed coverage on Zafgen in a report on Thursday, April 20th. They set a “buy” rating and a $9.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.33.
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In other news, insider Dennis D. Kim acquired 10,000 shares of the 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 owns 21,443 shares in the company, valued at approximately $72,691.77. The transaction 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.
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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