According to Zacks, “Zosano Pharma Corporation is a biopharmaceutical company. It is engaged in developing a transdermal micro needle patch system to deliver formulations of existing drugs through the skin for the treatment of a variety of indications. The Company’s lead product candidates include Weekly ZP-PTH for severe osteoporosis; ZP-Glucagon for severe hypoglycemia and ZP-Triptan, for migraine. Zosano Pharma Corporation is headquartered in Fremont, California. “
A number of other research analysts have also recently issued reports on ZSAN. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price target on shares of Zosano Pharma in a report on Monday, June 15th. ValuEngine raised Zosano Pharma from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Maxim Group reaffirmed a “buy” rating on shares of Zosano Pharma in a report on Wednesday, May 20th. Finally, BTIG Research cut their price target on Zosano Pharma from $16.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 27th. One investment analyst has rated the stock with 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 $4.00.
Zosano Pharma (NASDAQ:ZSAN) last issued its quarterly earnings data on Thursday, May 14th. The biotechnology company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.04. On average, equities research analysts expect that Zosano Pharma will post -0.5 EPS for the current year.
A number of large investors have recently made changes to their positions in ZSAN. Ieq Capital LLC bought a new stake in Zosano Pharma during the 4th quarter worth about $79,000. Oxford Asset Management LLP acquired a new position in shares of Zosano Pharma during the 4th quarter worth about $57,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Zosano Pharma during the 4th quarter worth about $182,000. UBS Group AG grew its position in shares of Zosano Pharma by 93.1% during the 4th quarter. UBS Group AG now owns 68,557 shares of the biotechnology company’s stock worth $105,000 after buying an additional 33,057 shares during the period. Finally, BlackRock Inc. grew its position in shares of Zosano Pharma by 6.8% during the 1st quarter. BlackRock Inc. now owns 385,675 shares of the biotechnology company’s stock worth $216,000 after buying an additional 24,431 shares during the period. 17.05% of the stock is owned by hedge funds and other institutional investors.
About Zosano Pharma
Zosano Pharma Corporation, a clinical stage biopharmaceutical company, focuses on providing therapeutics to patients suffering from migraine using its Adhesive Dermally-Applied Microarray technology. Its lead product candidate is M207, a proprietary formulation of zolmitriptan used for the treatment of migraine.
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