Zai Lab (NASDAQ:ZLAB) Downgraded by BidaskClub to Sell

BidaskClub cut shares of Zai Lab (NASDAQ:ZLAB) from a hold rating to a sell rating in a research note released on Wednesday, March 14th.

Separately, JPMorgan Chase upgraded Zai Lab from a neutral rating to an overweight rating and set a $32.00 price target for the company in a research report on Wednesday, February 14th.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ ZLAB traded down $0.07 during mid-day trading on Wednesday, hitting $21.44. The company had a trading volume of 65,378 shares, compared to its average volume of 80,223. Zai Lab has a 1 year low of $19.80 and a 1 year high of $35.74.

Several hedge funds and other institutional investors have recently made changes to their positions in ZLAB. FNY Partners Fund LP purchased a new position in shares of Zai Lab in the third quarter valued at $137,000. Pinebridge Investments L.P. purchased a new position in shares of Zai Lab in the third quarter valued at $945,000. Gilder Gagnon Howe & Co. LLC grew its position in shares of Zai Lab by 64.9% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 917,123 shares of the company’s stock valued at $19,471,000 after purchasing an additional 360,801 shares in the last quarter. Segantii Capital Management Ltd grew its position in Zai Lab by 68.7% during the fourth quarter. Segantii Capital Management Ltd now owns 382,769 shares of the company’s stock worth $8,126,000 after buying an additional 155,912 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd grew its position in Zai Lab by 28.0% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 64,000 shares of the company’s stock worth $1,359,000 after buying an additional 14,000 shares in the last quarter. Institutional investors own 21.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/07/zai-lab-zlab-stock-rating-lowered-by-bidaskclub.html.

Zai Lab Company Profile

Zai Lab Limited, a biopharmaceutical company, engages in discovering or licensing, developing, and commercializing proprietary therapeutics for oncology, and autoimmune and infectious disease therapies in China. Its drug candidates include ZL-2306, a poly ADP ribose polymerase 1/2 inhibitor for the treatment of ovarian, breast, and lung cancers; ZL-2401, an antibiotic for the treatment of acute bacterial skin/skin structure infections, community-acquired bacterial pneumonias, and urinary tract infections; ZL-2301 that is Phase II clinical trial for the treatment of hepatocellular carcinoma; ZL-3101, a novel steroid-sparing topical product that is in Phase II clinical trial for the treatment of eczema and psoriasis; ZL-2302 for the treatment of non-small cell lung cancer; and ZL-1101, an anti-OX40 antagonistic antibody for the treatment of graft-versus-host disease or systemic lupus erythematosus.

Receive News & Ratings for Zai Lab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zai Lab and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply