Maxim Group set a $4.00 price objective on Celsion Corp. (NASDAQ:CLSN) in a research note released on Tuesday. The firm currently has a a buy rating on the stock.
Separately, HC Wainwright reaffirmed a buy rating and issued a $3.00 price target on shares of Celsion Corp. in a report on Tuesday, July 12th.
Shares of Celsion Corp. (NASDAQ:CLSN) opened at 1.13 on Tuesday. The company’s 50-day moving average price is $1.21 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 capitalization is $29.17 million.
Celsion Corp. (NASDAQ:CLSN) last issued its quarterly earnings data on Monday, August 15th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.02. Celsion Corp. had a negative net margin of 3,966.14% and a negative return on equity of 103.07%. On average, equities research analysts predict that Celsion Corp. will post ($0.83) earnings per share for the current year.
A hedge fund recently raised its stake in Celsion Corp. stock. Sabby Management LLC increased its position in shares of Celsion Corp. (NASDAQ:CLSN) by 7,986.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 6.48% of Celsion Corp. worth $1,930,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.19% of the company’s stock.
About Celsion Corp.