Equities Analysts Issue Forecasts for Zynerba Pharmaceuticals’ Q1 2018 Earnings (NASDAQ:ZYNE)

Zynerba Pharmaceuticals (NASDAQ:ZYNE) – Research analysts at Jefferies Group boosted their Q1 2018 earnings estimates for shares of Zynerba Pharmaceuticals in a report released on Monday, March 12th, Zacks Investment Research reports. Jefferies Group analyst B. Amin now anticipates that the company will post earnings of ($0.62) per share for the quarter, up from their prior estimate of ($0.66). Jefferies Group also issued estimates for Zynerba Pharmaceuticals’ Q2 2018 earnings at ($0.62) EPS, Q3 2018 earnings at ($0.63) EPS, Q4 2018 earnings at ($0.64) EPS, FY2018 earnings at ($2.51) EPS, FY2019 earnings at ($2.28) EPS, FY2020 earnings at ($3.07) EPS and FY2021 earnings at ($1.78) EPS.

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Zynerba Pharmaceuticals (NASDAQ:ZYNE) last posted its earnings results on Monday, March 12th. The company reported ($0.60) earnings per share for the quarter, hitting the consensus estimate of ($0.60). During the same quarter in the previous year, the company posted ($0.71) earnings per share.

Several other brokerages have also recently commented on ZYNE. Oppenheimer reaffirmed a “hold” rating on shares of Zynerba Pharmaceuticals in a research note on Wednesday, January 3rd. Cantor Fitzgerald set a $17.00 target price on shares of Zynerba Pharmaceuticals and gave the company a “buy” rating in a research report on Wednesday, January 3rd. HC Wainwright reiterated a “buy” rating and set a $23.00 target price on shares of Zynerba Pharmaceuticals in a research report on Thursday, February 1st. Ladenburg Thalmann began coverage on shares of Zynerba Pharmaceuticals in a research report on Monday, January 29th. They set a “buy” rating and a $25.50 target price for the company. Finally, Seaport Global Securities began coverage on shares of Zynerba Pharmaceuticals in a report on Friday, January 26th. They issued a “buy” rating and a $16.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Zynerba Pharmaceuticals presently has an average rating of “Buy” and a consensus price target of $17.86.

NASDAQ:ZYNE traded down $0.31 during mid-day trading on Thursday, hitting $8.82. 153,029 shares of the stock traded hands, compared to its average volume of 315,577. The stock has a market cap of $119.61, a P/E ratio of -3.56 and a beta of 4.94. Zynerba Pharmaceuticals has a 12-month low of $5.42 and a 12-month high of $25.95.

In other Zynerba Pharmaceuticals news, major shareholder Michael Rapp bought 10,000 shares of Zynerba Pharmaceuticals stock in a transaction dated Thursday, March 22nd. The shares were purchased at an average cost of $9.28 per share, with a total value of $92,800.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 9.91% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. purchased a new stake in shares of Zynerba Pharmaceuticals in the 4th quarter worth about $264,000. BlackRock Inc. grew its position in shares of Zynerba Pharmaceuticals by 1.1% in the 4th quarter. BlackRock Inc. now owns 678,697 shares of the company’s stock worth $8,497,000 after buying an additional 7,091 shares during the period. Perceptive Advisors LLC grew its position in shares of Zynerba Pharmaceuticals by 230.7% in the 3rd quarter. Perceptive Advisors LLC now owns 130,700 shares of the company’s stock worth $1,320,000 after buying an additional 230,700 shares during the period. Cowen Inc. purchased a new stake in shares of Zynerba Pharmaceuticals in the 3rd quarter worth about $167,000. Finally, RTW Investments LP purchased a new stake in shares of Zynerba Pharmaceuticals in the 3rd quarter worth about $1,672,000. 28.92% of the stock is currently owned by hedge funds and other institutional investors.

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Zynerba Pharmaceuticals Company Profile

Zynerba Pharmaceuticals, Inc operates as a clinical stage specialty pharmaceutical company. The company focuses on developing and commercializing pharmaceutically-produced transdermal cannabinoid treatments for rare or near-rare neuropsychiatric disorders. Its product candidates include ZYN002, which completed Phase II clinical trial for pediatric and adolescent patients with fragile X syndrome, pediatric and adolescent patients with developmental and epileptic encephalopathies, and adult patients with refractory epileptic focal seizures; and ZYN001 that is in Phase I clinical trial to treat Tourette syndrome.

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Earnings History and Estimates for Zynerba Pharmaceuticals (NASDAQ:ZYNE)

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