Zogenix (ZGNX)

[TRUISM]

Brokerage Firm Price Target on Zogenix, Inc.
Brian Robert April 10, 2015
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Zogenix, Inc. (NASDAQ:ZGNX) shares are expected to touch $2.75 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 0.5. The target price could hit $4 on the higher end and $2 on the lower end.

Company has received coverage from different analysts. Equity analysts at the Brokerage firm William Blair downgrades its rating on Zogenix, Inc. (NASDAQ:ZGNX). The rating major has initiated the coverage with an market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm.

Zogenix, Inc. (NASDAQ:ZGNX), A sharp increase of 1,633,388 shares or 6.2% was observed in the short interest of Zogenix, Inc. The interest on March 13,2015 came in at 28,195,078 shares and as per the average daily trading of 8,079,082 shares, the days to cover are 3. The increased interest is 21.1% of the floated shares. The data of February 27,2015 put the interest at 26,561,690 shares.





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