Insider Buying: ZIOPHARM Oncology Inc (ZIOP) CEO Purchases $30,139.20 in Stock

ZIOPHARM Oncology Inc (NASDAQ:ZIOP) CEO Laurence James Neil Cooper acquired 6,440 shares of the stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of $4.68 per share, for a total transaction of $30,139.20. Following the purchase, the chief executive officer now owns 1,083,731 shares of the company’s stock, valued at approximately $5,071,861.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of ZIOPHARM Oncology Inc (NASDAQ:ZIOP) traded down $0.25 during mid-day trading on Friday, reaching $4.30. The company had a trading volume of 3,309,900 shares, compared to its average volume of 1,654,172. ZIOPHARM Oncology Inc has a 52-week low of $4.16 and a 52-week high of $7.88.

ZIOPHARM Oncology (NASDAQ:ZIOP) last issued its earnings results on Monday, November 6th. The biotechnology company reported ($0.13) EPS for the quarter, hitting the consensus estimate of ($0.13). The firm had revenue of $1.60 million during the quarter, compared to the consensus estimate of $1.66 million. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the business earned ($0.11) earnings per share. analysts predict that ZIOPHARM Oncology Inc will post -0.54 EPS for the current year.

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Several research analysts recently commented on ZIOP shares. ValuEngine raised ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a research report on Monday, August 28th. BidaskClub raised ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. HC Wainwright set a $10.00 target price on ZIOPHARM Oncology and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised ZIOPHARM Oncology from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $12.58.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of ZIOPHARM Oncology by 7.6% during the second quarter. Vanguard Group Inc. now owns 7,864,470 shares of the biotechnology company’s stock valued at $48,917,000 after acquiring an additional 553,933 shares during the period. State Street Corp lifted its holdings in shares of ZIOPHARM Oncology by 12.8% during the second quarter. State Street Corp now owns 4,556,264 shares of the biotechnology company’s stock valued at $28,342,000 after acquiring an additional 517,057 shares during the period. Morgan Stanley lifted its holdings in shares of ZIOPHARM Oncology by 19.5% during the first quarter. Morgan Stanley now owns 1,989,175 shares of the biotechnology company’s stock valued at $12,610,000 after acquiring an additional 324,774 shares during the period. Northern Trust Corp lifted its holdings in shares of ZIOPHARM Oncology by 10.1% during the second quarter. Northern Trust Corp now owns 1,630,858 shares of the biotechnology company’s stock valued at $10,144,000 after acquiring an additional 149,067 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of ZIOPHARM Oncology by 3.9% during the first quarter. Geode Capital Management LLC now owns 1,016,427 shares of the biotechnology company’s stock valued at $6,444,000 after acquiring an additional 38,173 shares during the period. 41.86% of the stock is owned by institutional investors.

About ZIOPHARM Oncology

ZIOPHARM Oncology, Inc is a biopharmaceutical company, which is seeking to develop, acquire and commercialize, on its own or with partners, a portfolio of cancer therapies that address unmet medical needs. The Company is focused on developing products in immuno-oncology that employ gene expression, control and cell technologies to deliver cell- and viral-based therapies for the treatment of cancer and graft-versus-host-disease.

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