Kadmon Holdings Inc (KDMN) Lowered to “Sell” at WBB Securities

WBB Securities lowered shares of Kadmon Holdings Inc (NASDAQ:KDMN) from a hold rating to a sell rating in a report published on Monday morning. WBB Securities currently has $3.00 price target on the stock.

Other research analysts have also issued reports about the company. Piper Jaffray Companies reaffirmed a buy rating and issued a $7.00 price objective on shares of Kadmon Holdings in a report on Friday, July 14th. HC Wainwright reaffirmed a buy rating and issued a $25.00 price objective on shares of Kadmon Holdings in a report on Monday, June 26th. Zacks Investment Research lowered Kadmon Holdings from a buy rating to a hold rating in a report on Friday, August 11th. Finally, ValuEngine lowered Kadmon Holdings from a sell rating to a strong sell rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $9.80.

Kadmon Holdings (NASDAQ:KDMN) opened at 3.70 on Monday. The firm’s market cap is $191.83 million. The firm’s 50-day moving average price is $3.40 and its 200 day moving average price is $3.40. Kadmon Holdings has a one year low of $2.86 and a one year high of $7.10.

Kadmon Holdings (NASDAQ:KDMN) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.05. The firm had revenue of $3.00 million during the quarter, compared to analyst estimates of $3.46 million. During the same period in the prior year, the company earned ($4.40) earnings per share. The business’s quarterly revenue was down 53.1% compared to the same quarter last year. On average, equities research analysts forecast that Kadmon Holdings will post ($1.54) EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Kadmon Holdings Inc (KDMN) Lowered to “Sell” at WBB Securities” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://ledgergazette.com/2017/10/10/kadmon-holdings-inc-kdmn-lowered-to-sell-at-wbb-securities.html.

In other news, major shareholder Goldentree Asset Management Lp sold 302,950 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $2.73, for a total transaction of $827,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have bought 14,707 shares of company stock valued at $34,294.

Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of Kadmon Holdings by 17.0% during the 2nd quarter. Wells Fargo & Company MN now owns 60,033 shares of the company’s stock valued at $234,000 after acquiring an additional 8,742 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Kadmon Holdings during the 2nd quarter valued at $114,000. KCG Holdings Inc. bought a new stake in shares of Kadmon Holdings during the 1st quarter valued at $124,000. Bank of New York Mellon Corp lifted its position in shares of Kadmon Holdings by 302.3% during the 1st quarter. Bank of New York Mellon Corp now owns 46,304 shares of the company’s stock valued at $167,000 after acquiring an additiona

Other research analysts have also issued reports about the company. Piper Jaffray Companies reaffirmed a buy rating and issued a $7.00 price objective on shares of Kadmon Holdings in a report on Friday, July 14th. HC Wainwright reaffirmed a buy rating and issued a $25.00 price objective on shares of Kadmon Holdings in a report on Monday, June 26th. Zacks Investment Research lowered Kadmon Holdings from a buy rating to a hold rating in a report on Friday, August 11th. Finally, ValuEngine lowered Kadmon Holdings from a sell rating to a strong sell rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $9.80.

Kadmon Holdings (NASDAQ:KDMN) opened at 3.70 on Monday. The firm’s market cap is $191.83 million. The firm’s 50-day moving average price is $3.40 and its 200 day moving average price is $3.40. Kadmon Holdings has a one year low of $2.86 and a one year high of $7.10.

Kadmon Holdings (NASDAQ:KDMN) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.44) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.05. The firm had revenue of $3.00 million during the quarter, compared to analyst estimates of $3.46 million. During the same period in the prior year, the company earned ($4.40) earnings per share. The business’s quarterly revenue was down 53.1% compared to the same quarter last year. On average, equities research analysts forecast that Kadmon Holdings will post ($1.54) EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Kadmon Holdings Inc (KDMN) Lowered to “Sell” at WBB Securities” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://ledgergazette.com/2017/10/10/kadmon-holdings-inc-kdmn-lowered-to-sell-at-wbb-securities.html.

In other news, major shareholder Goldentree Asset Management Lp sold 302,950 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $2.73, for a total transaction of $827,053.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have bought 14,707 shares of company stock valued at $34,294.

Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of Kadmon Holdings by 17.0% during the 2nd quarter. Wells Fargo & Company MN now owns 60,033 shares of the company’s stock valued at $234,000 after acquiring an additional 8,742 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Kadmon Holdings during the 2nd quarter valued at $114,000. KCG Holdings Inc. bought a new stake in shares of Kadmon Holdings during the 1st quarter valued at $124,000. Bank of New York Mellon Corp lifted its position in shares of Kadmon Holdings by 302.3% during the 1st quarter. Bank of New York Mellon Corp now owns 46,304 shares of the company’s stock valued at $167,000 after acquiring an additional 34,794 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Kadmon Holdings during the 1st quarter worth $158,000.

About Kadmon Holdings

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.

Analyst Recommendations for Kadmon Holdings (NASDAQ:KDMN)

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