Celsion Corp. (NASDAQ:CLSN) Chairman Michael H. Tardugno purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 7th. The stock was purchased at an average price of $1.14 per share, for a total transaction of $11,400.00. Following the acquisition, the chairman now owns 143,021 shares of the company’s stock, valued at $163,043.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Celsion Corp. (NASDAQ:CLSN) opened at 1.16 on Thursday. The firm’s 50-day moving average price is $1.22 and its 200-day moving average price is $1.34. Celsion Corp. has a one year low of $1.04 and a one year high of $2.31. The company’s market cap is $29.94 million.
Celsion Corp. (NASDAQ:CLSN) last issued its quarterly earnings results on Monday, August 15th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.02. Celsion Corp. had a negative return on equity of 103.07% and a negative net margin of 3,966.14%. On average, equities research analysts forecast that Celsion Corp. will post ($0.83) earnings per share for the current fiscal year.
Several research firms recently issued reports on CLSN. Maxim Group reiterated a “buy” rating and issued a $4.00 price target on shares of Celsion Corp. in a report on Friday, July 22nd. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Celsion Corp. in a report on Tuesday, July 12th.
A hedge fund recently raised its stake in Celsion Corp. stock. Sabby Management LLC increased its stake in shares of Celsion Corp. (NASDAQ:CLSN) by 7,986.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,519,365 shares of the company’s stock after buying an additional 1,500,576 shares during the period. Sabby Management LLC owned approximately 6.48% of Celsion Corp. worth $1,930,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.19% of the company’s stock.
About Celsion Corp.