Adamas Pharmaceuticals, Inc. (ADMS) Receives “Buy” Rating from Mizuho
Adamas Pharmaceuticals, Inc. (NASDAQ:ADMS)‘s stock had its “buy” rating restated by stock analysts at Mizuho in a report released on Wednesday, Marketbeat Ratings reports. They presently have a $48.00 price objective on the specialty pharmaceutical company’s stock. Mizuho’s price target would indicate a potential upside of 127.27% from the company’s current price.
A number of other research analysts have also recently issued reports on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $30.00 target price on shares of Adamas Pharmaceuticals in a research note on Friday, September 1st. They noted that the move was a valuation call. BidaskClub cut shares of Adamas Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Adamas Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Cowen and Company set a $45.00 price target on shares of Adamas Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, William Blair reissued an “ourperform” rating on shares of Adamas Pharmaceuticals in a report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $36.67.
Shares of Adamas Pharmaceuticals (ADMS) traded up 4.427% during trading on Wednesday, reaching $22.055. The company had a trading volume of 1,071,961 shares. The company’s market cap is $496.55 million. Adamas Pharmaceuticals has a 12-month low of $12.10 and a 12-month high of $23.84. The firm has a 50-day moving average of $18.10 and a 200-day moving average of $17.20.
Adamas Pharmaceuticals (NASDAQ:ADMS) last posted its earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.12). Adamas Pharmaceuticals had a negative net margin of 10,499.65% and a negative return on equity of 52.91%. The firm had revenue of $0.02 million during the quarter, compared to the consensus estimate of $0.03 million. During the same quarter last year, the firm posted ($0.78) EPS. The business’s revenue was down 90.9% on a year-over-year basis. On average, equities research analysts anticipate that Adamas Pharmaceuticals will post ($3.79) EPS for the current year.
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In related news, major shareholder Great Point Partners Llc sold 380,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $17.08, for a total value of $6,490,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 29.00% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC acquired a new stake in Adamas Pharmaceuticals during the 2nd quarter worth $109,000. American International Group Inc. grew its holdings in Adamas Pharmaceuticals by 7.1% during the 1st quarter. American International Group Inc. now owns 10,284 shares of the specialty pharmaceutical company’s stock worth $180,000 after acquiring an additional 682 shares during the period. Virtu KCG Holdings LLC acquired a new stake in Adamas Pharmaceuticals during the 2nd quarter worth $184,000. Wells Fargo & Company MN grew its holdings in Adamas Pharmaceuticals by 28.4% during the 1st quarter. Wells Fargo & Company MN now owns 15,166 shares of the specialty pharmaceutical company’s stock worth $266,000 after acquiring an additional 3,358 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Adamas Pharmaceuticals during the 1st quarter worth $287,000. 69.24% of the stock is owned by hedge funds and other institutional investors.
About Adamas Pharmaceuticals
Adamas Pharmaceuticals, Inc is a pharmaceutical company. The Company is engaged in developing medicines to manage the daily lives of those affected by chronic neurologic disorders. It offers a platform based on an understanding of time dependent biologic effects of disease activity and drug response to achieve relief without tolerability issues.
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