Zosano Pharma (ZSAN) Issues Quarterly Earnings Results, Misses Expectations By $0.16 EPS

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Zosano Pharma (NASDAQ:ZSAN) posted its earnings results on Thursday. The biotechnology company reported ($0.85) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.16), Morningstar.com reports.

ZSAN stock opened at $5.07 on Friday. Zosano Pharma has a fifty-two week low of $1.85 and a fifty-two week high of $21.45.

Separately, ValuEngine upgraded Zosano Pharma from a “hold” rating to a “buy” rating in a research note on Friday, February 22nd.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZSAN. Aisling Capital Management LP acquired a new position in Zosano Pharma during the fourth quarter worth approximately $3,392,000. Nexthera Capital LP increased its position in Zosano Pharma by 47.7% during the third quarter. Nexthera Capital LP now owns 1,033,759 shares of the biotechnology company’s stock worth $4,228,000 after buying an additional 333,759 shares during the period. Telemetry Investments L.L.C. increased its position in Zosano Pharma by 37.8% during the fourth quarter. Telemetry Investments L.L.C. now owns 219,040 shares of the biotechnology company’s stock worth $464,000 after buying an additional 60,069 shares during the period. Dimensional Fund Advisors LP acquired a new position in Zosano Pharma during the third quarter worth approximately $121,000. Finally, Northern Trust Corp acquired a new position in Zosano Pharma during the second quarter worth approximately $119,000. 46.57% of the stock is currently owned by institutional investors.

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Zosano Pharma Company Profile

Zosano Pharma Corporation, a clinical stage biopharmaceutical company, focuses on providing therapeutics to patients suffering from migraine using its Adhesive Dermally-Applied Microarray technology. Its lead product candidate is M207, a proprietary formulation of zolmitriptan used for the treatment of migraine.

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Earnings History for Zosano Pharma (NASDAQ:ZSAN)

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