Wall Street Zen Upgrades Zentalis Pharmaceuticals (NASDAQ:ZNTL) to Hold

Zentalis Pharmaceuticals (NASDAQ:ZNTL - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Sunday.

Several other brokerages have also recently issued reports on ZNTL. Wedbush reaffirmed a "neutral" rating and set a $4.00 price objective on shares of Zentalis Pharmaceuticals in a report on Tuesday, November 11th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Zentalis Pharmaceuticals in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on shares of Zentalis Pharmaceuticals from $6.00 to $5.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. HC Wainwright raised shares of Zentalis Pharmaceuticals to a "strong-buy" rating in a report on Thursday, August 7th. Finally, Leerink Partners reissued a "market perform" rating and set a $2.00 price objective on shares of Zentalis Pharmaceuticals in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $4.53.

View Our Latest Stock Report on Zentalis Pharmaceuticals

Zentalis Pharmaceuticals Price Performance

Shares of NASDAQ ZNTL opened at $1.33 on Friday. The company has a market cap of $96.09 million, a price-to-earnings ratio of -0.64 and a beta of 1.87. The stock's 50-day moving average is $1.52 and its two-hundred day moving average is $1.45. Zentalis Pharmaceuticals has a 1-year low of $1.01 and a 1-year high of $4.00.

Zentalis Pharmaceuticals (NASDAQ:ZNTL - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.12. Equities research analysts anticipate that Zentalis Pharmaceuticals will post -2.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zentalis Pharmaceuticals

Hedge funds have recently modified their holdings of the company. Catalyst Funds Management Pty Ltd bought a new stake in shares of Zentalis Pharmaceuticals in the 2nd quarter worth approximately $31,000. Cerity Partners LLC raised its position in Zentalis Pharmaceuticals by 58.7% in the 1st quarter. Cerity Partners LLC now owns 20,501 shares of the company's stock worth $33,000 after purchasing an additional 7,579 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Zentalis Pharmaceuticals during the 2nd quarter valued at about $37,000. Y Intercept Hong Kong Ltd bought a new position in Zentalis Pharmaceuticals during the second quarter worth about $38,000. Finally, Corient Private Wealth LLC bought a new position in Zentalis Pharmaceuticals during the second quarter worth about $41,000.

About Zentalis Pharmaceuticals

Zentalis Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on discovering and developing small molecule therapeutics for the treatment of various cancers. Its products candidatures include the ZN-c3, an inhibitor of WEE1, a protein tyrosine kinase for the treatment of inhibitor for advanced solid tumors and hematological malignancies; in Phase 2 clinical trial as a monotherapy for the treatment of uterine serous carcinoma indications; Phase 2 clinical trial in Cyclin E1 driven high-grade serous ovarian cancer, fallopian tube, or primary peritoneal cancer; Phase 1/2 clinical trial in combination with PARPi for platinum-resistant ovarian cancer; Phase 1b clinical trial in combination with chemotherapy in platinum-resistant ovarian, and peritoneal or fallopian tube cancer; Phase 1/2 clinical trial in combination with chemotherapy in relapsed or refractory osteosarcoma; Phase 1/2 clinical trial with encorafenib and cetuximab for mutant metastatic colorectal cancer; and Phase 1/2 clinical trial in combination with chemotherapy in pancreatic cancer.

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