Brokerages Set Adamas Pharmaceuticals Inc (ADMS) Price Target at $30.80
Shares of Adamas Pharmaceuticals Inc (NASDAQ:ADMS) have received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $30.80.
A number of equities research analysts have recently weighed in on the company. Mizuho restated a “top pick” rating and set a $26.00 target price on shares of Adamas Pharmaceuticals in a research report on Wednesday, March 15th. Zacks Investment Research downgraded Adamas Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Thursday, February 16th.
In other news, CEO Gregory T. Went sold 2,807 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $17.03, for a total transaction of $47,803.21. Following the completion of the sale, the chief executive officer now owns 166,526 shares in the company, valued at $2,835,937.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 4,256 shares of company stock valued at $72,480. 31.79% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in shares of Adamas Pharmaceuticals during the third quarter worth approximately $219,000. Ardsley Advisory Partners bought a new stake in shares of Adamas Pharmaceuticals during the third quarter worth approximately $246,000. GAM Holding AG bought a new stake in shares of Adamas Pharmaceuticals during the third quarter worth approximately $328,000. Russell Investments Group Ltd. bought a new stake in shares of Adamas Pharmaceuticals during the fourth quarter worth approximately $469,000. Finally, Opus Point Partners Management LLC boosted its stake in shares of Adamas Pharmaceuticals by 32.7% in the third quarter. Opus Point Partners Management LLC now owns 60,000 shares of the specialty pharmaceutical company’s stock worth $985,000 after buying an additional 14,802 shares during the period. 75.44% of the stock is owned by institutional investors and hedge funds.
Shares of Adamas Pharmaceuticals (NASDAQ:ADMS) traded down 0.32% during midday trading on Monday, reaching $15.62. The company’s stock had a trading volume of 150,060 shares. Adamas Pharmaceuticals has a 52-week low of $12.10 and a 52-week high of $19.50. The company’s market capitalization is $347.06 million. The stock has a 50 day moving average price of $17.08 and a 200-day moving average price of $16.26.
Adamas Pharmaceuticals (NASDAQ:ADMS) last released its earnings results on Tuesday, February 28th. The specialty pharmaceutical company reported ($0.68) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.12. The company earned $0.04 million during the quarter, compared to the consensus estimate of $0.17 million. Adamas Pharmaceuticals had a negative return on equity of 38.31% and a negative net margin of 5,267.99%. The firm’s quarterly revenue was down 92.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.58) earnings per share. Equities research analysts expect that Adamas Pharmaceuticals will post ($3.26) EPS for the current year.
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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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