Zai Lab (ZLAB) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Zai Lab (NASDAQ:ZLAB) in a report issued on Wednesday, Marketbeat reports. The brokerage issued a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. BidaskClub cut shares of Zai Lab from a hold rating to a sell rating in a report on Friday, September 7th. Zacks Investment Research cut shares of Zai Lab from a hold rating to a sell rating in a report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $34.00.

Shares of NASDAQ:ZLAB opened at $17.19 on Wednesday. Zai Lab has a one year low of $14.29 and a one year high of $27.34.

A number of hedge funds and other institutional investors have recently bought and sold shares of ZLAB. BlackRock Inc. raised its holdings in Zai Lab by 4,472.7% during the first quarter. BlackRock Inc. now owns 20,760 shares of the company’s stock worth $443,000 after purchasing an additional 20,306 shares in the last quarter. Millennium Management LLC raised its holdings in Zai Lab by 118.1% during the first quarter. Millennium Management LLC now owns 108,091 shares of the company’s stock worth $2,308,000 after purchasing an additional 58,536 shares in the last quarter. Segantii Capital Management Ltd raised its holdings in Zai Lab by 38.8% during the second quarter. Segantii Capital Management Ltd now owns 534,445 shares of the company’s stock worth $12,426,000 after purchasing an additional 149,445 shares in the last quarter. FMR LLC raised its holdings in Zai Lab by 3.9% during the second quarter. FMR LLC now owns 5,055,427 shares of the company’s stock worth $117,539,000 after purchasing an additional 188,745 shares in the last quarter. Finally, Orbimed Advisors LLC raised its holdings in Zai Lab by 144.8% during the second quarter. Orbimed Advisors LLC now owns 1,611,000 shares of the company’s stock worth $37,456,000 after purchasing an additional 952,840 shares in the last quarter. 26.44% of the stock is owned by hedge funds and other institutional investors.

About Zai Lab

Zai Lab Limited, a biopharmaceutical company, engages in discovering or licensing, developing, and commercializing proprietary therapeutics that address medical needs in the fields of oncology, and autoimmune and infectious disease therapies in the People's Republic of China. Its drug candidates include ZL-2306, a poly ADP ribose polymerase 1/2 inhibitor, which is in Phase III clinical trial for the treatment of ovarian, lung, and breast cancers; ZL-2401, an antibiotic that is in Phase III clinical trial to treat ABSSSI, CABP, and UTI; FPA144, a humanized monoclonal antibody, which is in Phase I/III clinical trial to treat gastric and gastroesophageal cancer; ETX2514, a novel ß-lactamase inhibitor that is in Phase II cUTI trial for the treatment of acinetobacter baumannii; and ZL-2301, which is in Phase III clinical trial to treat HCC.

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