Zenas BioPharma, Inc. (NASDAQ:ZBIO - Get Free Report) shares rose 7.4% during trading on Wednesday . The stock traded as high as $20.37 and last traded at $20.37. Approximately 54,320 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 191,567 shares. The stock had previously closed at $18.96.
Analyst Ratings Changes
Separately, Wall Street Zen raised Zenas BioPharma from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $36.67.
View Our Latest Research Report on ZBIO
Zenas BioPharma Price Performance
The firm's 50-day moving average is $16.96. The company has a market cap of $848.52 million and a P/E ratio of -5.68.
Zenas BioPharma (NASDAQ:ZBIO - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($1.25) EPS for the quarter, missing analysts' consensus estimates of ($1.02) by ($0.23).
Hedge Funds Weigh In On Zenas BioPharma
A number of hedge funds and other institutional investors have recently made changes to their positions in ZBIO. New York State Common Retirement Fund bought a new position in shares of Zenas BioPharma in the first quarter worth about $49,000. PNC Financial Services Group Inc. boosted its holdings in shares of Zenas BioPharma by 41.2% in the second quarter. PNC Financial Services Group Inc. now owns 9,179 shares of the company's stock valued at $89,000 after buying an additional 2,679 shares during the period. Sei Investments Co. acquired a new position in Zenas BioPharma during the second quarter worth $118,000. Intech Investment Management LLC boosted its holdings in Zenas BioPharma by 13.9% during the second quarter. Intech Investment Management LLC now owns 13,206 shares of the company's stock worth $128,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Zenas BioPharma by 32.3% during the second quarter. Bank of America Corp DE now owns 13,991 shares of the company's stock worth $136,000 after purchasing an additional 3,412 shares during the last quarter.
Zenas BioPharma Company Profile
(
Get Free Report)
Zenas BioPharma, Inc is a clinical-stage global biopharmaceutical company, which engages in the development and commercialization of transformative immunology-based therapies for patients. The company was founded by Lonnie O. Moulder Jr on November 12, 2019 and is headquartered in Waltham, MA.
Further Reading
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