News headlines about Alkermes (NASDAQ:ALKS) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alkermes earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.6260047757899 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

ALKS stock opened at $44.53 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.92 and a quick ratio of 2.62. Alkermes has a 12 month low of $39.54 and a 12 month high of $71.22. The company has a market capitalization of $6.84 billion, a PE ratio of -120.35 and a beta of 1.73.

Alkermes (NASDAQ:ALKS) last announced its earnings results on Thursday, July 26th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.40. The business had revenue of $304.64 million for the quarter, compared to the consensus estimate of $261.58 million. Alkermes had a negative net margin of 13.81% and a negative return on equity of 0.29%. Alkermes’s quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. equities research analysts predict that Alkermes will post -0.67 EPS for the current year.

A number of research firms have recently commented on ALKS. ValuEngine upgraded shares of Alkermes from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 31st. Zacks Investment Research lowered shares of Alkermes from a “buy” rating to a “hold” rating in a research report on Monday, May 28th. Citigroup upgraded shares of Alkermes from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Wednesday, May 16th. B. Riley began coverage on shares of Alkermes in a research report on Wednesday, June 6th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, BidaskClub upgraded shares of Alkermes from a “hold” rating to a “buy” rating in a research report on Wednesday, June 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $55.71.

In related news, SVP Michael J. Landine sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $45.22, for a total value of $904,400.00. Following the sale, the senior vice president now directly owns 192,644 shares of the company’s stock, valued at $8,711,361.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James M. Frates sold 16,842 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $50.00, for a total transaction of $842,100.00. The disclosure for this sale can be found here. Insiders sold 79,842 shares of company stock worth $3,667,580 over the last ninety days. 5.51% of the stock is currently owned by insiders.

Alkermes Company Profile

Alkermes plc, a biopharmaceutical company, researches, develops, and commercializes pharmaceutical products to address unmet medical needs of patients in various therapeutic areas in the United States, Ireland, and internationally. The company's marketed products include ARISTADA (aripiprazole lauroxil), an extended-release intramuscular injectable suspension for the treatment of schizophrenia; VIVITROL (naltrexone for extended-release injectable suspension) for the treatment of alcohol and opioid dependence; INVEGA SUSTENNA for the treatment of schizophrenia and schizoaffective disorder; XEPLION, INVEGA TRINZA, and TREVICTA for treating schizophrenia; RISPERDAL CONSTA for the treatment of schizophrenia and bipolar I disorder; AMPYRA (dalfampridine)/FAMPYRA (fampridine) to enhance walking in adults with multiple sclerosis (MS) who have walking disability; and BYDUREON (exenatide extended-release for injectable suspension) and BYDUREON BCise for the treatment of type 2 diabetes.

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