ZIOPHARM Oncology (ZIOP) Trading Down 5.2%

ZIOPHARM Oncology Inc. (NASDAQ:ZIOP)’s share price was down 5.2% on Tuesday . The company traded as low as $4.20 and last traded at $4.20. Approximately 1,397,000 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 1,385,635 shares. The stock had previously closed at $4.43.

A number of equities analysts have recently weighed in on ZIOP shares. Zacks Investment Research raised shares of ZIOPHARM Oncology from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a research report on Friday, November 10th. HC Wainwright reissued a “buy” rating and issued a $9.50 price objective on shares of ZIOPHARM Oncology in a research report on Tuesday, November 7th. ValuEngine raised shares of ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. Raymond James Financial reissued a “hold” rating on shares of ZIOPHARM Oncology in a research report on Monday. Finally, BidaskClub lowered shares of ZIOPHARM Oncology from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $12.58.

ZIOPHARM Oncology (NASDAQ:ZIOP) last released its earnings results on Monday, November 6th. The biotechnology company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13). The company had revenue of $1.60 million during the quarter, compared to analysts’ expectations of $1.66 million. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. ZIOPHARM Oncology’s revenue for the quarter was up .0% compared to the same quarter last year. equities analysts predict that ZIOPHARM Oncology Inc. will post -0.54 EPS for the current year.

In related news, CEO Laurence James Neil Cooper bought 6,440 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $4.68 per share, for a total transaction of $30,139.20. Following the completion of the acquisition, the chief executive officer now owns 1,083,731 shares in the company, valued at $5,071,861.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.40% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank grew its stake in ZIOPHARM Oncology by 12.9% during the second quarter. Amalgamated Bank now owns 16,807 shares of the biotechnology company’s stock worth $105,000 after buying an additional 1,924 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new stake in ZIOPHARM Oncology during the third quarter worth approximately $104,000. Oppenheimer & Co. Inc. grew its stake in ZIOPHARM Oncology by 50.0% during the second quarter. Oppenheimer & Co. Inc. now owns 18,000 shares of the biotechnology company’s stock worth $112,000 after buying an additional 6,000 shares during the period. BB&T Securities LLC purchased a new stake in ZIOPHARM Oncology during the second quarter worth approximately $112,000. Finally, Adell Harriman & Carpenter Inc. purchased a new stake in ZIOPHARM Oncology during the third quarter worth approximately $141,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

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About ZIOPHARM Oncology

ZIOPHARM Oncology, Inc is a biopharmaceutical company, which is seeking to develop, acquire and commercialize, on its own or with partners, a portfolio of cancer therapies that address unmet medical needs. The Company is focused on developing products in immuno-oncology that employ gene expression, control and cell technologies to deliver cell- and viral-based therapies for the treatment of cancer and graft-versus-host-disease.

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