Weiss Ratings Reaffirms Hold (C) Rating for Siga Technologies (NASDAQ:SIGA)

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Siga Technologies, indicating a cautious stance on the stock's performance amidst market conditions.
• In contrast to Weiss Ratings, Wall Street Zen has upgraded Siga Technologies from a "hold" to a "strong-buy" rating, reflecting differing analyst opinions on the stock's potential.
• Siga Technologies reported quarterly earnings of $0.49 per share and revenue of $81.12 million, with a significant net margin of 45.73%, demonstrating solid financial performance.

Siga Technologies (NASDAQ:SIGA - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Siga Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold".

Siga Technologies Stock Performance

Shares of NASDAQ SIGA opened at $8.28 on Wednesday. The firm's 50 day moving average price is $8.57 and its 200-day moving average price is $7.00. The company has a market cap of $592.93 million, a PE ratio of 7.33 and a beta of 0.96. Siga Technologies has a 52-week low of $4.95 and a 52-week high of $9.62.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter. The firm had revenue of $81.12 million for the quarter. Siga Technologies had a net margin of 45.73% and a return on equity of 40.52%. On average, analysts forecast that Siga Technologies will post 1.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Siga Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC boosted its holdings in Siga Technologies by 52.9% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,158,320 shares of the company's stock worth $17,308,000 after purchasing an additional 1,093,080 shares during the last quarter. American Century Companies Inc. raised its position in Siga Technologies by 2.5% in the second quarter. American Century Companies Inc. now owns 1,405,174 shares of the company's stock worth $9,162,000 after acquiring an additional 34,514 shares during the period. New York State Common Retirement Fund raised its position in Siga Technologies by 0.6% in the second quarter. New York State Common Retirement Fund now owns 593,050 shares of the company's stock worth $3,867,000 after acquiring an additional 3,430 shares during the period. Uniplan Investment Counsel Inc. raised its position in Siga Technologies by 0.7% in the first quarter. Uniplan Investment Counsel Inc. now owns 504,561 shares of the company's stock worth $2,765,000 after acquiring an additional 3,572 shares during the period. Finally, Foundry Partners LLC raised its position in Siga Technologies by 1.4% in the first quarter. Foundry Partners LLC now owns 447,783 shares of the company's stock worth $2,454,000 after acquiring an additional 6,054 shares during the period. Hedge funds and other institutional investors own 55.40% of the company's stock.

About Siga Technologies

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.

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