Insys Therapeutics, Inc. (INSY) Given Hold Rating at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reaffirmed their hold rating on shares of Insys Therapeutics, Inc. (NASDAQ:INSY) in a research note issued to investors on Sunday.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Insys Therapeutics from a strong-buy rating to a hold rating in a report on Wednesday, August 9th. Royal Bank Of Canada decreased their price objective on shares of Insys Therapeutics from $16.00 to $14.00 and set an outperform rating on the stock in a report on Friday, August 4th. Piper Jaffray Companies set a $10.00 price objective on shares of Insys Therapeutics and gave the company a hold rating in a report on Wednesday, July 26th. Finally, BidaskClub raised shares of Insys Therapeutics from a strong sell rating to a sell rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $9.38.

Shares of Insys Therapeutics (INSY) traded down $0.05 on Friday, reaching $5.16. 485,500 shares of the company were exchanged, compared to its average volume of 777,138. Insys Therapeutics has a fifty-two week low of $4.10 and a fifty-two week high of $15.02.

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Several institutional investors have recently added to or reduced their stakes in INSY. Dynamic Technology Lab Private Ltd acquired a new position in shares of Insys Therapeutics in the third quarter valued at approximately $119,000. SG Americas Securities LLC acquired a new stake in Insys Therapeutics during the 2nd quarter valued at approximately $138,000. Voya Investment Management LLC acquired a new stake in Insys Therapeutics during the 2nd quarter valued at approximately $149,000. American International Group Inc. boosted its holdings in shares of Insys Therapeutics by 7.1% during the 1st quarter. American International Group Inc. now owns 14,462 shares of the specialty pharmaceutical company’s stock worth $152,000 after buying an additional 953 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Insys Therapeutics by 213.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,133 shares of the specialty pharmaceutical company’s stock worth $166,000 after buying an additional 8,940 shares in the last quarter. 25.23% of the stock is owned by institutional investors.

About Insys Therapeutics

Insys Therapeutics, Inc is a commercial-stage specialty pharmaceutical company. The Company develops and commercializes supportive care products. The Company’s product Subsys, is a sublingual fentanyl spray for breakthrough cancer pain (BTCP) in opioid-tolerant patients and a single-use product that delivers fentanyl, an opioid analgesic, for transmucosal absorption underneath the tongue.

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