ZIOPHARM Oncology Inc (NASDAQ:ZIOP) CEO Laurence James Neil Cooper purchased 6,440 shares of the stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $4.68 per share, with a total value of $30,139.20. Following the acquisition, the chief executive officer now owns 1,083,731 shares of the company’s stock, valued at approximately $5,071,861.08. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of ZIOPHARM Oncology Inc (NASDAQ:ZIOP) traded down $0.17 during mid-day trading on Friday, reaching $4.57. The company had a trading volume of 2,691,670 shares, compared to its average volume of 1,360,851. ZIOPHARM Oncology Inc has a 52-week low of $4.03 and a 52-week high of $7.88.
ZIOPHARM Oncology (NASDAQ:ZIOP) last released its quarterly earnings results on Monday, November 6th. The biotechnology company reported ($0.13) earnings per share for the quarter, hitting the consensus estimate of ($0.13). The company had revenue of $1.60 million for the quarter, compared to analysts’ expectations of $1.66 million. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) EPS. analysts predict that ZIOPHARM Oncology Inc will post -0.54 EPS for the current year.
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A number of hedge funds have recently modified their holdings of ZIOP. Vanguard Group Inc. grew its holdings in ZIOPHARM Oncology by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 7,864,470 shares of the biotechnology company’s stock worth $48,917,000 after buying an additional 553,933 shares in the last quarter. State Street Corp raised its stake in ZIOPHARM Oncology by 12.8% during the 2nd quarter. State Street Corp now owns 4,556,264 shares of the biotechnology company’s stock valued at $28,342,000 after purchasing an additional 517,057 shares during the period. Morgan Stanley raised its stake in ZIOPHARM Oncology by 19.5% during the 1st quarter. Morgan Stanley now owns 1,989,175 shares of the biotechnology company’s stock valued at $12,610,000 after purchasing an additional 324,774 shares during the period. California Public Employees Retirement System raised its stake in ZIOPHARM Oncology by 95.9% during the 1st quarter. California Public Employees Retirement System now owns 435,532 shares of the biotechnology company’s stock valued at $2,541,000 after purchasing an additional 213,166 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of ZIOPHARM Oncology in the second quarter worth $1,010,000. 41.88% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on ZIOP shares. Zacks Investment Research raised ZIOPHARM Oncology from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a report on Friday, November 10th. HC Wainwright restated a “buy” rating and issued a $9.50 price objective on shares of ZIOPHARM Oncology in a research report on Tuesday, November 7th. ValuEngine cut ZIOPHARM Oncology from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. Finally, BidaskClub cut ZIOPHARM Oncology from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. ZIOPHARM Oncology presently has an average rating of “Hold” and an average target price of $12.58.
About ZIOPHARM Oncology
ZIOPHARM Oncology, Inc is a biopharmaceutical company, which is seeking to develop, acquire and commercialize, on its own or with partners, a portfolio of cancer therapies that address unmet medical needs. The Company is focused on developing products in immuno-oncology that employ gene expression, control and cell technologies to deliver cell- and viral-based therapies for the treatment of cancer and graft-versus-host-disease.
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