Kadmon (NYSE:KDMN)‘s stock had its “positive” rating restated by stock analysts at Piper Jaffray Companies in a research note issued on Tuesday, The Fly reports. They presently have a $9.00 price target on the stock, up from their previous price target of $7.00. Piper Jaffray Companies’ target price points to a potential upside of 95.23% from the company’s current price.

A number of other brokerages have also recently issued reports on KDMN. Zacks Investment Research raised shares of Kadmon from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a report on Friday, January 12th. HC Wainwright reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kadmon in a report on Friday, November 17th. Finally, Jefferies Group increased their target price on shares of Kadmon to $16.00 and gave the company a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Kadmon presently has an average rating of “Hold” and an average target price of $10.21.

Shares of Kadmon (NYSE:KDMN) traded down $0.23 during trading on Tuesday, reaching $4.61. 2,654,495 shares of the company’s stock were exchanged, compared to its average volume of 1,205,268. Kadmon has a 12 month low of $2.05 and a 12 month high of $5.86. The stock has a market capitalization of $376.70, a PE ratio of -2.65 and a beta of 5.39.

Institutional investors and hedge funds have recently modified their holdings of the company. Sphera Funds Management LTD. purchased a new stake in Kadmon in the 3rd quarter worth approximately $3,685,000. Vanguard Group Inc. grew its stake in Kadmon by 166.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,508,869 shares of the company’s stock worth $5,870,000 after acquiring an additional 941,549 shares during the period. Crestline Management LP purchased a new stake in Kadmon in the 3rd quarter worth approximately $2,011,000. Sabby Management LLC purchased a new stake in Kadmon in the 2nd quarter worth approximately $2,112,000. Finally, Susquehanna International Group LLP grew its stake in Kadmon by 3,211.2% in the 3rd quarter. Susquehanna International Group LLP now owns 443,135 shares of the company’s stock worth $1,485,000 after acquiring an additional 429,752 shares during the period. 51.91% of the stock is owned by institutional investors and hedge funds.

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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

Analyst Recommendations for Kadmon (NYSE:KDMN)

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