Other analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Cantor Fitzgerald began coverage on shares of Veru in a report on Monday, July 1st. They set an “overweight” rating and a $6.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.00.
NASDAQ HALO opened at $16.58 on Friday. Halozyme Therapeutics has a 52-week low of $13.24 and a 52-week high of $18.85. The stock’s 50-day moving average is $16.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.95 and a quick ratio of 2.72.
Large investors have recently modified their holdings of the business. Sageworth Trust Co boosted its position in Halozyme Therapeutics by 4,200.0% during the first quarter. Sageworth Trust Co now owns 2,150 shares of the biopharmaceutical company’s stock worth $35,000 after purchasing an additional 2,100 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Halozyme Therapeutics during the fourth quarter worth about $140,000. Pathlight Investors LLC bought a new position in Halozyme Therapeutics during the fourth quarter worth about $151,000. Paloma Partners Management Co bought a new position in Halozyme Therapeutics during the fourth quarter worth about $150,000. Finally, Hsbc Holdings PLC bought a new position in Halozyme Therapeutics during the fourth quarter worth about $157,000. Hedge funds and other institutional investors own 82.07% of the company’s stock.
About Halozyme Therapeutics
Halozyme Therapeutics, Inc, a biotechnology company, engages in researching, developing, and commercializing novel oncology therapies in the United States, Switzerland, and internationally. Its human enzymes are used to facilitate the delivery of injected drugs and fluids, enhancing the efficacy and the convenience of other drugs or can be used to alter tissue structures for clinical benefit.
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