Analysts Set Adamas Pharmaceuticals, Inc. (ADMS) PT at $36.00
Shares of Adamas Pharmaceuticals, Inc. (NASDAQ:ADMS) have been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $40.80.
Several equities analysts have recently weighed in on ADMS shares. Piper Jaffray Companies reiterated an “overweight” rating and issued a $30.00 price target on shares of Adamas Pharmaceuticals in a research report on Friday, September 1st. They noted that the move was a valuation call. BidaskClub cut Adamas Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Adamas Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Cowen and Company set a $45.00 price target on Adamas Pharmaceuticals and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, William Blair reiterated an “ourperform” rating on shares of Adamas Pharmaceuticals in a research report on Friday, August 25th.
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Adamas Pharmaceuticals (NASDAQ:ADMS) last announced its quarterly earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.93) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.81) by ($0.12). The company had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $0.03 million. Adamas Pharmaceuticals had a negative net margin of 10,499.65% and a negative return on equity of 52.91%. Adamas Pharmaceuticals’s revenue for the quarter was down 90.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.78) earnings per share.
Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in Adamas Pharmaceuticals during the second quarter valued at $109,000. American International Group Inc. boosted its stake in Adamas Pharmaceuticals by 7.1% during the first quarter. American International Group Inc. now owns 10,284 shares of the specialty pharmaceutical company’s stock valued at $180,000 after buying an additional 682 shares during the period. Virtu KCG Holdings LLC bought a new stake in Adamas Pharmaceuticals during the second quarter valued at $184,000. Wells Fargo & Company MN boosted its stake in Adamas Pharmaceuticals by 28.4% during the first quarter. Wells Fargo & Company MN now owns 15,166 shares of the specialty pharmaceutical company’s stock valued at $266,000 after buying an additional 3,358 shares during the period. Finally, Trexquant Investment LP bought a new stake in Adamas Pharmaceuticals during the first quarter valued at $287,000. 69.24% of the stock is owned by institutional investors.
Adamas Pharmaceuticals Company Profile
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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