Avadel Pharmaceuticals PLC. (NASDAQ:AVDL) insider Phillandas T. Thompson bought 5,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average cost of $9.36 per share, for a total transaction of $46,800.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Avadel Pharmaceuticals PLC. (NASDAQ AVDL) traded up 4.19% during mid-day trading on Wednesday, hitting $11.20. 123,837 shares of the stock traded hands. Avadel Pharmaceuticals PLC. has a one year low of $8.14 and a one year high of $13.25. The stock has a 50 day moving average price of $9.30 and a 200-day moving average price of $9.78. The company has a market cap of $448.94 million, a P/E ratio of 12.17 and a beta of 1.47.

Avadel Pharmaceuticals PLC. (NASDAQ:AVDL) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.14. The firm had revenue of $46.30 million for the quarter, compared to analyst estimates of $45.17 million. Avadel Pharmaceuticals PLC. had a net margin of 21.13% and a return on equity of 29.84%. The company’s revenue was up 19.0% compared to the same quarter last year. On average, analysts forecast that Avadel Pharmaceuticals PLC. will post $1.16 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in AVDL. PNC Financial Services Group Inc. raised its stake in shares of Avadel Pharmaceuticals PLC. by 2,484.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,956 shares of the company’s stock valued at $121,000 after acquiring an additional 10,532 shares during the period. US Bancorp DE acquired a new position in shares of Avadel Pharmaceuticals PLC. during the 1st quarter valued at $121,000. Sei Investments Co. lifted its holdings in shares of Avadel Pharmaceuticals PLC. by 29.5% during the 2nd quarter. Sei Investments Co. now owns 12,726 shares of the company’s stock valued at $140,000 after acquiring an additional 2,900 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Avadel Pharmaceuticals PLC. during the 2nd quarter worth $181,000. Finally, State of Tennessee Treasury Department purchased a new stake in Avadel Pharmaceuticals PLC. during the 2nd quarter worth $194,000. 69.09% of the stock is owned by institutional investors.

A number of research analysts have commented on AVDL shares. Ladenburg Thalmann Financial Services upped their price target on Avadel Pharmaceuticals PLC. from $27.00 to $30.00 in a research note on Thursday, September 7th. Zacks Investment Research upgraded Avadel Pharmaceuticals PLC. from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Monday, July 17th. Langenberg & Company reiterated a “buy” rating and issued a $30.00 price objective (up previously from $27.00) on shares of Avadel Pharmaceuticals PLC. in a report on Thursday, September 7th. Finally, Roth Capital set a $15.00 target price on Avadel Pharmaceuticals PLC. and gave the stock a “buy” rating in a research note on Wednesday, August 9th.

About Avadel Pharmaceuticals PLC.

Avadel Pharmaceuticals plc (NASDAQ: AVDL) is a specialty pharmaceutical company that seeks to commercialize differentiated pharmaceutical products that are safe, effective and easy to take through formulation development, by utilizing its proprietary drug delivery technology and in-licensing / acquiring new products; ultimately, helping patients adhere to their prescribed medical treatment and see better results.

Insider Buying and Selling by Quarter for Avadel Pharmaceuticals PLC. (NASDAQ:AVDL)

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