Zynerba Pharmaceuticals, Inc. (ZYNE) Upgraded to "Overweight" by Piper Jaffray Companies

Zynerba Pharmaceuticals

The company has market cap of $79.41 million. After $-0.64 actual earnings per share reported by Zynerba Pharmaceuticals Inc for the previous quarter, Wall Street now forecasts -9.38% EPS growth. The company presently has an average rating of "Buy" and a consensus price target of $31.44. Zynerba Pharmaceuticals has a one year low of $6.02 and a one year high of $23.75. SG Americas Securities LLC bought a new stake in shares of Zynerba Pharmaceuticals during the first quarter worth about $188,000. The 50 day moving average was up $3.33 and the 200 day average went up $3.33 or +52.92%. Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) has risen 161.36% since September 27, 2016 and is uptrending. Finally, Vanguard Group Inc. increased its stake in Zynerba Pharmaceuticals by 53.9% during the 1st quarter. Institutional investors and hedge funds own 15.00% of the company's stock.

Analysts await Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) to report earnings on November, 13. Maxim Group restated a "buy" rating and issued a $32.00 price target on shares of Zynerba Pharmaceuticals in a report on Monday, March 13th. H.C. Wainwright initiated Zynerba Pharmaceuticals Inc (NASDAQ:ZYNE) on Friday, October 7 with "Buy" rating. They issued an "overweight" rating and a $28.00 price target for the company.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Eun Yang and Michael Higgins have a yearly average return of 7.5% and a loss of 7.6% respectively.

August 21 investment analysts at Canaccord Genuity made no change to the stock rating of "Buy" and lowered the price expectation to $9.00 from $35.00.

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Overall, 6 research analysts have assigned a Hold rating and 2 research analysts have given a Buy rating to the stock.

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Zynerba Pharmaceuticals (NASDAQ:ZYNE) last posted its earnings results on Tuesday, August 1st. If you are reading this report on another publication, it was stolen and reposted in violation of United States and global copyright and trademark laws.

Duncan covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co Ltd, ACADIA Pharmaceuticals Inc, and Corcept Therapeutics Inc. The Company is engaged in developing and commercializing transdermal synthetic cannabinoid treatments for patients with high unmet needs. ZYN002 is a synthetic cannabidiol (CBD), which is a non-psychoactive cannabinoid, formulated as a patent-protected permeation-enhanced gel for transdermal delivery through the skin and into the circulatory system.

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