Insys Therapeutics’ (INSY) “Hold” Rating Reiterated at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. reiterated their hold rating on shares of Insys Therapeutics, Inc. (NASDAQ:INSY) in a research report sent to investors on Sunday morning.

INSY has been the topic of a number of other research reports. Zacks Investment Research downgraded Insys Therapeutics from a buy rating to a hold rating in a research report on Wednesday, October 25th. Jefferies Group LLC cut their price objective on Insys Therapeutics from $14.00 to $11.00 and set a buy rating on the stock in a report on Friday, November 3rd. Royal Bank Of Canada reiterated an outperform rating and issued a $14.00 price objective on shares of Insys Therapeutics in a report on Wednesday, October 11th. TheStreet downgraded Insys Therapeutics from a c- rating to a d+ rating in a report on Monday, August 21st. Finally, BidaskClub downgraded Insys Therapeutics from a sell rating to a strong sell rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $9.38.

Shares of Insys Therapeutics (NASDAQ:INSY) opened at $5.18 on Friday. Insys Therapeutics has a 1 year low of $4.10 and a 1 year high of $15.02.

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Several hedge funds have recently bought and sold shares of INSY. Wells Fargo & Company MN raised its holdings in shares of Insys Therapeutics by 30.3% in the 1st quarter. Wells Fargo & Company MN now owns 27,541 shares of the specialty pharmaceutical company’s stock valued at $289,000 after buying an additional 6,407 shares during the period. UBS Asset Management Americas Inc. acquired a new position in Insys Therapeutics during the 1st quarter worth $172,000. Parametric Portfolio Associates LLC grew its stake in Insys Therapeutics by 34.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 25,712 shares of the specialty pharmaceutical company’s stock worth $270,000 after purchasing an additional 6,600 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Insys Therapeutics by 37.9% during the 1st quarter. JPMorgan Chase & Co. now owns 45,694 shares of the specialty pharmaceutical company’s stock worth $480,000 after purchasing an additional 12,561 shares in the last quarter. Finally, American International Group Inc. grew its stake in 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 purchasing an additional 953 shares in the last quarter. Hedge funds and other institutional investors own 25.23% of the company’s stock.

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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