ZIOPHARM Oncology (ZIOP) Announces Earnings Results, Beats Estimates By $0.01 EPS

ZIOPHARM Oncology (NASDAQ:ZIOP) posted its earnings results on Wednesday, May 8th. The biotechnology company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01, Morningstar.com reports.

ZIOP stock opened at $4.28 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.89 and a current ratio of 8.89. ZIOPHARM Oncology has a twelve month low of $1.56 and a twelve month high of $5.00. The firm has a market capitalization of $714.10 million, a price-to-earnings ratio of -8.92 and a beta of 2.64.

A number of research firms have recently commented on ZIOP. HC Wainwright reiterated a “buy” rating and set a $5.50 target price on shares of ZIOPHARM Oncology in a research report on Thursday, May 9th. Zacks Investment Research downgraded ZIOPHARM Oncology from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Lake Street Capital began coverage on ZIOPHARM Oncology in a research report on Thursday, April 4th. They set a “buy” rating and a $7.00 target price for the company. BidaskClub upgraded ZIOPHARM Oncology from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 20th. Finally, Laidlaw assumed coverage on ZIOPHARM Oncology in a report on Monday, April 1st. They set a “buy” rating and a $7.50 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $5.75.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in ZIOPHARM Oncology by 1.3% in the third quarter. BlackRock Inc. now owns 9,289,620 shares of the biotechnology company’s stock valued at $29,727,000 after acquiring an additional 121,880 shares in the last quarter. FMR LLC bought a new stake in ZIOPHARM Oncology in the third quarter valued at $1,647,000. Jane Street Group LLC bought a new stake in ZIOPHARM Oncology in the third quarter valued at $161,000. MetLife Investment Advisors LLC boosted its holdings in ZIOPHARM Oncology by 50.1% in the third quarter. MetLife Investment Advisors LLC now owns 99,043 shares of the biotechnology company’s stock valued at $317,000 after acquiring an additional 33,053 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in ZIOPHARM Oncology by 11.3% in the third quarter. Teachers Advisors LLC now owns 318,834 shares of the biotechnology company’s stock valued at $1,020,000 after acquiring an additional 32,294 shares in the last quarter. Institutional investors and hedge funds own 38.56% of the company’s stock.

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About ZIOPHARM Oncology

ZIOPHARM Oncology, Inc, a biotechnology company, focuses on acquiring, developing, and commercializing a portfolio of immuno-oncology therapies for treating heterogenous solid tumors and unknown antigens. The company develops two immuno-oncology platform technologies, including Sleeping Beauty (SB), which is based on the genetic engineering of immune cells using a non-viral transposon/transposase system to reprogram T-cells outside of the body for infusion; and Controlled IL-12, which delivers interleukin 12 or IL-12, a master regular of the immune system, in a controlled and safe manner to focus the patient's immune system to attack cancer cells.

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Earnings History for ZIOPHARM Oncology (NASDAQ:ZIOP)

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