Zosano Pharma (ZSAN) Rating Increased to Sell at ValuEngine

Zosano Pharma (NASDAQ:ZSAN) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Sunday.

Shares of Zosano Pharma (NASDAQ:ZSAN) opened at $0.52 on Friday. The stock has a market cap of $21.62 and a price-to-earnings ratio of -0.44. Zosano Pharma has a 1 year low of $0.50 and a 1 year high of $3.54.

Zosano Pharma (NASDAQ:ZSAN) last released its quarterly earnings data on Thursday, November 9th. The biotechnology company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.05). analysts predict that Zosano Pharma will post -0.9 EPS for the current year.

In other news, Director Kenneth Greathouse acquired 95,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of $0.62 per share, with a total value of $58,900.00. Following the transaction, the director now owns 95,000 shares in the company, valued at $58,900. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have bought 200,000 shares of company stock valued at $123,450. Corporate insiders own 2.83% of the company’s stock.

An institutional investor recently raised its position in Zosano Pharma stock. Northern Trust Corp grew its holdings in Zosano Pharma Corp (NASDAQ:ZSAN) by 591.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 79,234 shares of the biotechnology company’s stock after buying an additional 67,774 shares during the period. Northern Trust Corp owned 0.20% of Zosano Pharma worth $112,000 at the end of the most recent reporting period. 19.41% of the stock is currently owned by hedge funds and other institutional investors.

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Zosano Pharma 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.

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