Celsion Co. (CLSN) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Celsion Co. (NASDAQ:CLSN) have earned an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.50.

CLSN has been the subject of several recent analyst reports. Maxim Group upgraded Celsion from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research note on Wednesday, October 4th. ValuEngine upgraded Celsion from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 9th. Zacks Investment Research upgraded Celsion from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Oppenheimer initiated coverage on Celsion in a research note on Tuesday, November 21st. They set an “outperform” rating and a $9.00 target price for the company.

Shares of Celsion (NASDAQ:CLSN) opened at $2.75 on Wednesday. The firm has a market capitalization of $44.17, a P/E ratio of -0.47 and a beta of 1.22. Celsion has a 52 week low of $1.24 and a 52 week high of $8.82.

A hedge fund recently bought a new stake in Celsion stock. Sabby Management LLC bought a new position in shares of Celsion Co. (NASDAQ:CLSN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 108,843 shares of the biotechnology company’s stock, valued at approximately $223,000. Sabby Management LLC owned about 1.30% of Celsion as of its most recent SEC filing. 3.97% of the stock is owned by institutional investors.

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About Celsion

Celsion Corporation is an oncology drug development company. The Company’s product candidate is ThermoDox, a heat-activated liposomal encapsulation of doxorubicin, which is in Phase III clinical trial for treatment of primary liver cancer (the OPTIMA Study) and a Phase II clinical trial for treatment of recurrent chest wall breast cancer (the DIGNITY Study).

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