Zai Lab Limited (NASDAQ:ZLAB – Get Free Report) CEO Ying Du sold 5,787 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $16.15, for a total transaction of $93,460.05. Following the completion of the sale, the chief executive officer now owns 1,107,972 shares of the company’s stock, valued at $17,893,747.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Zai Lab Stock Performance
ZLAB stock opened at $15.52 on Friday. Zai Lab Limited has a 52-week low of $15.24 and a 52-week high of $40.42. The company has a 50-day moving average of $19.15 and a two-hundred day moving average of $23.55.
Zai Lab (NASDAQ:ZLAB – Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.87) by ($0.11). Zai Lab had a negative net margin of 125.46% and a negative return on equity of 37.07%. The firm had revenue of $65.83 million for the quarter, compared to the consensus estimate of $70.41 million. Equities analysts anticipate that Zai Lab Limited will post -3.1 EPS for the current fiscal year.
Institutional Investors Weigh In On Zai Lab
Wall Street Analysts Forecast Growth
ZLAB has been the subject of a number of recent research reports. Citigroup decreased their price objective on shares of Zai Lab from $123.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Zai Lab in a report on Friday, January 12th. Finally, Morgan Stanley initiated coverage on shares of Zai Lab in a report on Thursday, December 14th. They issued an “overweight” rating and a $47.50 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $64.22.
View Our Latest Stock Analysis on Zai Lab
Zai Lab Company Profile
Zai Lab Limited develops and commercializes therapies to treat oncology, autoimmune disorders, infectious diseases, and neuroscience. Its commercial products include Zejula, an orally administered poly polymerase 1/2 inhibitor; Optune, a cancer therapy that uses electric fields tuned to specific frequencies to kill tumor cells; NUZYRA for acute bacterial skin and skin structure infections, and community acquired bacterial pneumonia; Qinlock to treat gastrointestinal stromal tumors, and VYVGART, a human IgG1 antibody fragment for myesthenia gravis.
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