Kadmon (NYSE:KDMN) had its price target increased by investment analysts at Jefferies Group to $16.00 in a report released on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 230.58% from the company’s current price.

Several other equities research analysts also recently commented on KDMN. HC Wainwright reaffirmed a “buy” rating and set a $25.00 target price on shares of Kadmon in a report on Friday, November 17th. Zacks Investment Research raised Kadmon from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $9.88.

Shares of Kadmon (NYSE KDMN) opened at $4.84 on Tuesday. Kadmon has a fifty-two week low of $2.05 and a fifty-two week high of $5.86. The company has a market capitalization of $376.70, a price-to-earnings ratio of -2.77 and a beta of 5.39.

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its stake in Kadmon by 17.0% in the 2nd quarter. Wells Fargo & Company MN now owns 60,033 shares of the company’s stock worth $234,000 after acquiring an additional 8,742 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Kadmon by 66.6% in the 4th quarter. Bank of New York Mellon Corp now owns 59,430 shares of the company’s stock worth $216,000 after acquiring an additional 23,763 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Kadmon in the 2nd quarter worth about $114,000. Old West Investment Management LLC purchased a new stake in Kadmon in the 3rd quarter worth about $169,000. Finally, AE Wealth Management LLC lifted its stake in Kadmon by 33.6% in the 3rd quarter. AE Wealth Management LLC now owns 323,161 shares of the company’s stock worth $1,083,000 after acquiring an additional 81,226 shares in the last quarter. 51.91% of the stock is owned by hedge funds and other institutional investors.

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Kadmon Company Profile

Kadmon Holdings, Inc is an integrated biopharmaceutical company engaged in the discovery, development and commercialization of small molecules and biologics to address disease areas of various unmet medical needs. The Company is developing product candidates in a number of indications within autoimmune and fibrotic disease, oncology and genetic diseases.

The Fly

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