Adamas Pharmaceuticals, Inc. (NASDAQ:ADMS) had its target price boosted by research analysts at Noble Financial from $33.00 to $48.00 in a report released on Wednesday. The firm currently has a “buy” rating on the specialty pharmaceutical company’s stock. Noble Financial’s price target indicates a potential upside of 72.97% from the company’s current price.

A number of other equities research analysts have also recently commented on ADMS. BidaskClub cut Adamas Pharmaceuticals from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. ValuEngine raised Adamas Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Piper Jaffray Companies reissued an “overweight” rating and set a $30.00 price target on shares of Adamas Pharmaceuticals in a report on Wednesday, September 20th. JMP Securities reissued an “outperform” rating and set a $33.00 price target (up from $29.00) on shares of Adamas Pharmaceuticals in a report on Friday, August 25th. Finally, Mizuho reissued a “buy” rating and set a $48.00 price target (up from $26.00) on shares of Adamas Pharmaceuticals in a report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $42.00.

Shares of Adamas Pharmaceuticals (NASDAQ:ADMS) traded up $0.39 during trading on Wednesday, reaching $27.75. The company had a trading volume of 484,156 shares, compared to its average volume of 1,170,000. The company has a current ratio of 8.35, a quick ratio of 8.32 and a debt-to-equity ratio of 0.41. Adamas Pharmaceuticals has a one year low of $13.50 and a one year high of $29.29.

Adamas Pharmaceuticals (NASDAQ:ADMS) last posted its quarterly earnings results on Thursday, November 2nd. The specialty pharmaceutical company reported ($1.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.01) by ($0.03). The firm’s quarterly revenue was down 99.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.66) earnings per share. analysts forecast that Adamas Pharmaceuticals will post -3.87 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the company. Axiom International Investors LLC DE grew its position in shares of Adamas Pharmaceuticals by 134.1% during the third quarter. Axiom International Investors LLC DE now owns 236,209 shares of the specialty pharmaceutical company’s stock valued at $5,001,000 after purchasing an additional 135,297 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Adamas Pharmaceuticals by 13,028.4% during the third quarter. JPMorgan Chase & Co. now owns 136,273 shares of the specialty pharmaceutical company’s stock valued at $2,839,000 after purchasing an additional 135,235 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Adamas Pharmaceuticals during the third quarter valued at about $231,000. EAM Investors LLC purchased a new position in shares of Adamas Pharmaceuticals during the third quarter valued at about $1,795,000. Finally, Hikari Power Ltd purchased a new position in shares of Adamas Pharmaceuticals during the third quarter valued at about $635,000. Hedge funds and other institutional investors own 71.83% of the company’s stock.

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.

Analyst Recommendations for Adamas Pharmaceuticals (NASDAQ:ADMS)

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