Shares of ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) traded up 5.5% during trading on Tuesday . The stock traded as high as $4.55 and last traded at $4.43. 2,494,502 shares traded hands during mid-day trading, an increase of 59% from the average session volume of 1,572,972 shares. The stock had previously closed at $4.20.
Several analysts recently commented on the stock. BidaskClub downgraded shares of ZIOPHARM Oncology from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Lake Street Capital started coverage on shares of ZIOPHARM Oncology in a research report on Thursday, April 4th. They issued a “buy” rating and a $7.00 price target for the company. Zacks Investment Research downgraded shares of ZIOPHARM Oncology from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. HC Wainwright restated a “buy” rating and set a $5.50 price objective on shares of ZIOPHARM Oncology in a research report on Thursday, May 9th. Finally, Laidlaw started coverage on shares of ZIOPHARM Oncology in a research report on Monday, April 1st. They set a “buy” rating and a $7.50 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $5.75.
The company has a current ratio of 8.89, a quick ratio of 8.89 and a debt-to-equity ratio of 0.01. The firm has a market cap of $718.97 million, a PE ratio of -10.88 and a beta of 2.52.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of ZIOPHARM Oncology during the 1st quarter worth about $35,000. Amalgamated Bank acquired a new stake in shares of ZIOPHARM Oncology during the 4th quarter worth about $37,000. Magnus Financial Group LLC acquired a new stake in shares of ZIOPHARM Oncology during the 1st quarter worth about $39,000. SG Americas Securities LLC acquired a new stake in shares of ZIOPHARM Oncology during the 4th quarter worth about $46,000. Finally, Legal & General Group Plc boosted its stake in shares of ZIOPHARM Oncology by 30.6% during the 4th quarter. Legal & General Group Plc now owns 25,865 shares of the biotechnology company’s stock worth $48,000 after purchasing an additional 6,054 shares during the last quarter. 38.51% of the stock is currently owned by hedge funds and other institutional investors.
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About ZIOPHARM Oncology (NASDAQ:ZIOP)
ZIOPHARM Oncology, Inc, a biotechnology company, focuses on acquiring, developing, and commercializing a portfolio of immuno-oncology therapies for treating heterogenous solid tumors and unknown antigens. The company develops two immuno-oncology platform technologies, including Sleeping Beauty (SB), which is based on the genetic engineering of immune cells using a non-viral transposon/transposase system to reprogram T-cells outside of the body for infusion; and Controlled IL-12, which delivers interleukin 12 or IL-12, a master regular of the immune system, in a controlled and safe manner to focus the patient's immune system to attack cancer cells.
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