Shares of Zafgen, Inc. (NASDAQ:ZFGN) have received an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.63.
A number of equities analysts recently weighed in on ZFGN shares. Zacks Investment Research upgraded shares of Zafgen from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research report on Saturday, November 11th. ValuEngine upgraded shares of Zafgen from a “strong sell” rating to a “sell” rating in a report on Monday, October 16th.
In related news, Director Frances K. Heller purchased 10,000 shares of Zafgen stock in a transaction dated Friday, October 13th. The shares were acquired at an average cost of $3.90 per share, with a total value of $39,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 21.20% of the stock is currently owned by insiders.
Zafgen (ZFGN) traded up $0.07 on Friday, reaching $3.77. 44,282 shares of the company were exchanged, compared to its average volume of 193,620. Zafgen has a 52-week low of $3.15 and a 52-week high of $5.46.
Zafgen (NASDAQ:ZFGN) last posted its quarterly earnings results on Tuesday, November 7th. The biopharmaceutical company reported ($0.46) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.12. analysts anticipate that Zafgen will post -2.02 EPS for the current fiscal year.
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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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