Insys Therapeutics Inc (NASDAQ:INSY) shares shot up 0.7% on Monday . The company traded as high as $4.44 and last traded at $4.44. 44,984 shares were traded during trading, a decline of 96% from the average session volume of 1,176,441 shares. The stock had previously closed at $4.41.

A number of research firms have recently weighed in on INSY. Zacks Investment Research raised shares of Insys Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. ValuEngine cut shares of Insys Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Cantor Fitzgerald assumed coverage on shares of Insys Therapeutics in a research note on Tuesday, January 22nd. They set an “overweight” rating and a $4.40 price target on the stock. Finally, Janney Montgomery Scott restated a “buy” rating and set a $11.00 price target on shares of Insys Therapeutics in a research note on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Insys Therapeutics currently has a consensus rating of “Hold” and a consensus price target of $7.68.

The company has a market cap of $326.79 million, a P/E ratio of -8.86 and a beta of 2.30.

Several hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC purchased a new stake in Insys Therapeutics in the 4th quarter worth approximately $5,076,000. BlackRock Inc. grew its holdings in shares of Insys Therapeutics by 7.9% during the 2nd quarter. BlackRock Inc. now owns 2,637,505 shares of the specialty pharmaceutical company’s stock valued at $19,096,000 after purchasing an additional 193,740 shares during the last quarter. Millennium Management LLC bought a new stake in Insys Therapeutics in the 2nd quarter worth $1,232,000. Vanguard Group Inc grew its holdings in Insys Therapeutics by 4.7% in the 3rd quarter. Vanguard Group Inc now owns 2,661,324 shares of the specialty pharmaceutical company’s stock worth $26,825,000 after acquiring an additional 119,776 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Insys Therapeutics by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,661,324 shares of the specialty pharmaceutical company’s stock worth $26,825,000 after acquiring an additional 119,776 shares during the last quarter. Institutional investors own 19.04% of the company’s stock.

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About Insys Therapeutics (NASDAQ:INSY)

Insys Therapeutics, Inc, a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets SUBSYS, a sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant adult patients; and SYNDROS, an orally administered liquid formulation of dronabinol for the treatment of chemotherapy-induced nausea and vomiting, and anorexia associated with weight loss in patients with AIDS.

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