Is Zafgen, Inc. (ZFGN) Favorite Among The Institutional Crowd?

Zafgen, Inc. (NASDAQ:ZFGN) is on recovery track with 5.41% gain from a 1-year low price of $4.62. The company lost -3.37% to attain the price of $4.87 on 01/11/2019. Throughout the recent session, the prices were hovering between $4.77 and $5.025. These shares are 134.09% off its target price of $11.4 and the current market capitalization stands at $185.79M. The recent change has given its price a -30.18% deficit over SMA 50 and -60.58% deficit over its 52-week high. The stock witnessed -8.11% declines, -51.35% declines and -52.49% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ZFGN’s volatility during a week at 5.1% and during a month it has been found around 6.38%.

Zafgen, Inc. (ZFGN) Top Holders

Institutional investors currently hold around $137 million or 92% in ZFGN stock. Look at its top three institutional owners. Great Point Partners I Lp owns $16.52 million in Zafgen, Inc., which represents roughly 8.89% of the company’s market cap and approximately 12.06% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 2,503,391 shares of the stock are valued at $12.19 million. The third largest holder is Blackrock Inc., which currently holds $10.33 million worth of this stock and that ownership represents nearly 5.56% of its market capitalization.

Zafgen, Inc. 13F Filings

At the end of September reporting period, 56 institutional holders increased their position in Zafgen, Inc. (NASDAQ:ZFGN) by some 5,983,784 shares, 32 decreased positions by 3,955,902 and 12 held positions by 18,094,668. That puts total institutional holdings at 28,034,354 shares, according to SEC filings. The stock grabbed 11 new institutional investments totaling 1,416,183 shares while 10 institutional investors sold out their entire positions totaling 666,846 shares.

Zafgen, Inc. (NASDAQ:ZFGN) Insider Trades

Multiple company employees have indulged in significant insider trading. Zafgen, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Hughes Thomas E. has sold 32,000 shares of Zafgen, Inc. (ZFGN) in trading session dated Jun. 28, 2018. These shares are worth $320,000 and were traded at $10 each. The SEC filing shows that Hughes Thomas E. performed a sale of 5,000 shares. The disposed these shares by way of transaction on Mar. 07, 2018. The company’s shares were given away at $10 per share worth to an income of some $50,000 on account of Hughes Thomas E..

Director, Heller Frances K, purchased 10,000 common shares of Zafgen, Inc. (ZFGN) in the open market. In a transaction dated Oct. 13, 2017, the shares were bought at an average price of $3.9, giving away a sum of $39,000. After this purchase, 47,961 common shares of ZFGN are directly owned by the insider, with total stake valued at $233,570.

In the transaction dated Jul. 11, 2017, the great number of shares acquired came courtesy the Chief Medical Officer; Kim Dennis D added a total of 10,000 shares at an average price of $3.39, amounting to approximately $33,900. The insider now directly owns 21,443 shares worth $104,427.

Zafgen, Inc. (ZFGN) Analyst Guide

Several analysts have released their opinion on Zafgen, Inc. (NASDAQ:ZFGN), with 1 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.33 average brokerage recommendation.