Celsion Co. (CLSN) Receives $14.50 Consensus Price Target from Analysts
Celsion Co. (NASDAQ:CLSN) has been assigned an average rating of “Buy” from the six research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $14.50.
Several analysts have weighed in on the company. Zacks Investment Research cut Celsion from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine raised Celsion from a “strong sell” rating to a “sell” rating in a report on Saturday, December 9th. Finally, Oppenheimer assumed coverage on Celsion in a report on Tuesday, November 21st. They set an “outperform” rating and a $9.00 price objective for the company.
Celsion (NASDAQ CLSN) traded down $0.01 during trading on Friday, hitting $2.20. The company had a trading volume of 25,034 shares, compared to its average volume of 453,341. Celsion has a fifty-two week low of $1.24 and a fifty-two week high of $7.56. The company has a market capitalization of $37.10, a PE ratio of -0.38 and a beta of 1.82.
An institutional investor recently bought a new position in Celsion stock. Sabby Management LLC acquired a new position in shares of Celsion Co. (NASDAQ:CLSN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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. 4.01% of the stock is currently owned by institutional investors and hedge funds.
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Celsion Company Profile
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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