Pura Vida Investments LLC increased its position in shares of Zogenix, Inc. (NASDAQ:ZGNX) by 8.1% during the 4th quarter, HoldingsChannel reports. The fund owned 48,887 shares of the company’s stock after purchasing an additional 3,669 shares during the period. Zogenix makes up about 1.1% of Pura Vida Investments LLC’s portfolio, making the stock its 25th biggest holding. Pura Vida Investments LLC’s holdings in Zogenix were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its position in Zogenix by 4.0% during the third quarter. Wells Fargo & Company MN now owns 35,403 shares of the company’s stock worth $1,755,000 after buying an additional 1,355 shares during the period. SG Americas Securities LLC acquired a new stake in Zogenix during the third quarter worth about $109,000. JPMorgan Chase & Co. increased its stake in Zogenix by 53.7% during the third quarter. JPMorgan Chase & Co. now owns 75,721 shares of the company’s stock worth $3,756,000 after acquiring an additional 26,445 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in Zogenix by 35.9% during the third quarter. Candriam Luxembourg S.C.A. now owns 108,700 shares of the company’s stock worth $5,392,000 after acquiring an additional 28,700 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Zogenix during the third quarter worth about $219,000.
ZGNX stock opened at $51.88 on Friday. Zogenix, Inc. has a 1 year low of $33.43 and a 1 year high of $62.75. The stock has a market capitalization of $2.19 billion, a PE ratio of -16.06 and a beta of 2.18.
ZGNX has been the subject of several research analyst reports. BidaskClub upgraded Zogenix from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Zacks Investment Research upgraded Zogenix from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. Finally, Mizuho restated a “buy” rating and set a $69.00 price target on shares of Zogenix in a research note on Wednesday, February 6th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Zogenix currently has a consensus rating of “Buy” and an average target price of $70.00.
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Zogenix Company Profile
Zogenix, Inc, a pharmaceutical company, develops and commercializes therapies for the treatment of transformative central nervous system disorders in the United States. Its lead product candidate is the Fintepla/ZX008, a low-dose fenfluramine, which is in Phase III clinical trials for the treatment of seizures associated with Dravet syndrome.
Further Reading: Return On Assets
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