Zafgen, Inc. (ZFGN) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Zafgen, Inc. (NASDAQ:ZFGN) from a sell rating to a strong sell rating in a report issued on Tuesday morning.

Separately, Zacks Investment Research downgraded shares of Zafgen from a buy rating to a hold rating in a report on Saturday, September 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $6.38.

Shares of Zafgen (NASDAQ ZFGN) opened at 4.03 on Tuesday. The company’s market capitalization is $110.76 million. Zafgen has a one year low of $2.89 and a one year high of $5.46. The firm has a 50-day moving average of $3.48 and a 200-day moving average of $3.87.

Zafgen (NASDAQ:ZFGN) last released its quarterly earnings data on Tuesday, August 8th. The biopharmaceutical company reported ($0.49) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.52) by $0.03. During the same quarter last year, the company earned ($0.55) earnings per share. Equities research analysts expect that Zafgen will post ($2.23) EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the business. Algert Global LLC acquired a new position in shares of Zafgen in the second quarter valued at about $123,000. Parametric Portfolio Associates LLC grew its stake in shares of Zafgen by 55.8% in the first quarter. Parametric Portfolio Associates LLC now owns 28,832 shares of the biopharmaceutical company’s stock valued at $134,000 after acquiring an additional 10,327 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Zafgen by 1,290.3% in the first quarter. Wells Fargo & Company MN now owns 43,531 shares of the biopharmaceutical company’s stock valued at $203,000 after acquiring an additional 40,400 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Zafgen in the second quarter valued at about $259,000. Finally, LMR Partners LLP acquired a new position in shares of Zafgen in the second quarter valued at about $299,000. Hedge funds and other institutional investors own 48.52% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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