Zosano Pharma Corporation (ZSAN) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Zosano Pharma Corporation (NASDAQ:ZSAN) issued its quarterly earnings results on Thursday. The biotechnology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.05), Bloomberg Earnings reports.

Shares of Zosano Pharma Corporation (NASDAQ ZSAN) opened at $0.69 on Friday. Zosano Pharma Corporation has a one year low of $0.54 and a one year high of $3.54.

An institutional investor recently raised its position in Zosano Pharma Corporation stock. Vanguard Group Inc. increased its position in Zosano Pharma Corporation (NASDAQ:ZSAN) by 20.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,217,323 shares of the biotechnology company’s stock after purchasing an additional 209,251 shares during the period. Vanguard Group Inc. owned approximately 3.11% of Zosano Pharma Corporation worth $1,716,000 at the end of the most recent quarter. Institutional investors and hedge funds own 22.66% of the company’s stock.

Separately, ValuEngine raised Zosano Pharma Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.

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Zosano Pharma Corporation Company Profile

Zosano Pharma Corporation is a clinical-stage specialty pharmaceutical company. The Company has developed a transdermal microneedle patch system to deliver its formulations of existing drugs through the skin for the treatment of a range of indications. Its microneedle patch system offers consistent drug delivery and improved ease of use and room-temperature stability.

Earnings History for Zosano Pharma Corporation (NASDAQ:ZSAN)

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