Zogenix (ZGNX) Issues Earnings Results, Misses Expectations By $0.20 EPS

Zogenix (NASDAQ:ZGNX) announced its quarterly earnings data on Thursday. The company reported ($1.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.88) by ($0.20), Fidelity Earnings reports. During the same quarter in the previous year, the business posted ($1.68) EPS.

Zogenix stock traded down $2.55 during mid-day trading on Friday, reaching $40.75. The company had a trading volume of 1,013,089 shares, compared to its average volume of 625,195. Zogenix has a 1 year low of $32.40 and a 1 year high of $62.75. The stock has a market cap of $1.51 billion, a PE ratio of -10.14 and a beta of 1.86.

In other Zogenix news, EVP Gail M. Farfel sold 6,961 shares of the stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $43.23, for a total value of $300,924.03. Following the completion of the transaction, the executive vice president now directly owns 14,104 shares of the company’s stock, valued at $609,715.92. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Gail M. Farfel sold 7,000 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $47.58, for a total transaction of $333,060.00. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Zogenix during the 3rd quarter worth approximately $109,000. BlueMountain Capital Management LLC purchased a new position in shares of Zogenix during the 2nd quarter worth approximately $104,000. FNY Investment Advisers LLC increased its stake in shares of Zogenix by 3,900.0% during the 3rd quarter. FNY Investment Advisers LLC now owns 3,000 shares of the company’s stock worth $148,000 after purchasing an additional 2,925 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Zogenix during the 3rd quarter worth approximately $219,000. Finally, Public Employees Retirement Association of Colorado purchased a new position in shares of Zogenix during the 3rd quarter worth approximately $226,000.

A number of equities research analysts recently commented on the stock. Piper Jaffray Companies assumed coverage on shares of Zogenix in a research report on Monday. They issued an “overweight” rating for the company. Zacks Investment Research upgraded shares of Zogenix from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Thursday, October 25th. Leerink Swann restated an “outperform” rating on shares of Zogenix in a research report on Friday, October 19th. BidaskClub upgraded shares of Zogenix from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, ValuEngine downgraded shares of Zogenix from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 11th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Zogenix has an average rating of “Buy” and an average target price of $71.90.

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Zogenix Company Profile

Zogenix, Inc, a pharmaceutical company, develops and commercializes therapies for the treatment of central nervous system disorders in the United States. Its lead product candidate is the ZX008, a low-dose fenfluramine, which is in Phase III clinical trials for the treatment of seizures associated with Dravet syndrome.

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Earnings History for Zogenix (NASDAQ:ZGNX)

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