ZEALAND PHARMA/S (ZEAL) Sets New 1-Year High at $20.85

ZEALAND PHARMA/S (NASDAQ:ZEAL) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $20.85 and last traded at $20.64, with a volume of 931 shares. The stock had previously closed at $19.70.

A number of research analysts have recently issued reports on the company. TheStreet upgraded ZEALAND PHARMA/S from a “d+” rating to a “c-” rating in a report on Tuesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $29.00 price target on shares of ZEALAND PHARMA/S in a report on Thursday, March 7th. ValuEngine upgraded ZEALAND PHARMA/S from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Zacks Investment Research downgraded ZEALAND PHARMA/S from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a report on Saturday, April 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.00.

The firm has a market cap of $628.36 million, a PE ratio of 6.80 and a beta of 2.40.

ZEALAND PHARMA/S (NASDAQ:ZEAL) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.08. The company had revenue of $2.01 million during the quarter. On average, equities research analysts expect that ZEALAND PHARMA/S will post -1.68 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in ZEALAND PHARMA/S stock. OLD Mission Capital LLC bought a new position in shares of ZEALAND PHARMA/S (NASDAQ:ZEAL) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 17,466 shares of the company’s stock, valued at approximately $203,000. OLD Mission Capital LLC owned about 0.06% of ZEALAND PHARMA/S at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.23% of the company’s stock.

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About ZEALAND PHARMA/S (NASDAQ:ZEAL)

Zealand Pharma A/S, a biotechnology company, engages in the discovery, design, and development of peptide therapeutics-based medicines in Denmark. It has a portfolio of proprietary medicines in late-stage clinical development focusing on gastrointestinal and metabolic diseases. The company markets lixisenatide for the treatment of type 2 diabetes under the brand names of Adlyxin and Lyxumia; and a combination of lixisenatide and insulin glargine for the treatment of type 2 diabetes under the brand names of Soliqua 100/33 and Suliqua.

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