Zosano Pharma Corporation (ZSAN) Trading Down 14.3%

Shares of Zosano Pharma Corporation (NASDAQ:ZSAN) fell 14.3% on Monday . The company traded as low as $0.83 and last traded at $0.84. 981,837 shares were traded during trading, an increase of 14% from the average session volume of 859,986 shares. The stock had previously closed at $0.98.

Separately, ValuEngine upgraded Zosano Pharma Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.

The stock’s market capitalization is $32.95 million. The company’s 50 day moving average is $0.95 and its 200 day moving average is $0.95.

Zosano Pharma Corporation (NASDAQ:ZSAN) last issued its quarterly earnings data on Thursday, August 10th. The biotechnology company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). During the same quarter in the previous year, the company earned ($0.54) EPS. Analysts anticipate that Zosano Pharma Corporation will post ($0.85) earnings per share for the current year.

Several large investors have recently modified their holdings of ZSAN. Victory Capital Management Inc. bought a new position in shares of Zosano Pharma Corporation during the first quarter valued at about $449,000. Perceptive Advisors LLC bought a new position in Zosano Pharma Corporation in the first quarter worth about $950,000. Nexthera Capital LP bought a new position in Zosano Pharma Corporation in the first quarter worth about $950,000. Endurant Capital Management LP bought a new position in Zosano Pharma Corporation in the first quarter worth about $1,135,000. Finally, Northern Trust Corp raised its stake in Zosano Pharma Corporation by 591.4% in the second quarter. Northern Trust Corp now owns 79,234 shares of the biotechnology company’s stock worth $112,000 after buying an additional 67,774 shares in the last quarter. 22.66% of the stock is owned by hedge funds and other institutional investors.

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About Zosano Pharma Corporation

Zosano Pharma Corporation is a clinical-stage specialty pharmaceutical company. The Company has developed a transdermal microneedle patch system to deliver its formulations of existing drugs through the skin for the treatment of a range of indications. Its microneedle patch system offers consistent drug delivery and improved ease of use and room-temperature stability.

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