Cowen & Co. Sticks to Their Hold Rating for Zafgen
In a report released yesterday, Phil Nadeau from Cowen & Co. maintained a Hold rating on Zafgen (NASDAQ: ZFGN). The company’s shares opened today at $6.50.
According to TipRanks.com, Nadeau is a 5-star analyst with an average return of 12.0% and a 50.3% success rate. Nadeau covers the Healthcare sector, focusing on stocks such as Rocket Pharmaceuticals Inc, Voyager Therapeutics Inc, and Adverum Biotechnologies.
Zafgen has an analyst consensus of Moderate Buy, with a price target consensus of $20.
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Based on Zafgen’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $13.09 million. In comparison, last year the company had a GAAP net loss of $13.01 million.
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Zafgen, Inc. is a biopharmaceutical company, which is engaged in the development of anti-obesity therapeutics that restores normal fat metabolism and regulatory pathways. Its product: Beloranib, which is under phase 2 clinical development as a treatment for obesity and hyperphagia in Prader-Willi Syndrome, or PW craniopharyngioma-associated obesity.