Adamas Pharmaceuticals Inc (ADMS) Stock Rating Reaffirmed by Cowen and Company
Adamas Pharmaceuticals Inc (NASDAQ:ADMS)‘s stock had its “outperform” rating reissued by Cowen and Company in a research note issued on Sunday. They presently have a $45.00 price objective on the specialty pharmaceutical company’s stock. Cowen and Company’s price objective would suggest a potential upside of 187.54% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. Noble Financial reiterated a “buy” rating on shares of Adamas Pharmaceuticals in a report on Friday, May 12th. Mizuho reiterated a “buy” rating and issued a $26.00 price target on shares of Adamas Pharmaceuticals in a report on Tuesday, February 21st. Finally, Zacks Investment Research upgraded shares of Adamas Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Tuesday, February 28th. One analyst has rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $30.71.
Adamas Pharmaceuticals (NASDAQ:ADMS) traded up 0.64% during mid-day trading on Friday, hitting $15.65. 85,139 shares of the stock were exchanged. Adamas Pharmaceuticals has a one year low of $12.10 and a one year high of $19.50. The company has a 50-day moving average price of $16.13 and a 200-day moving average price of $16.51. The company’s market cap is $349.92 million.
Adamas Pharmaceuticals (NASDAQ:ADMS) last announced its quarterly earnings results on Tuesday, May 9th. The specialty pharmaceutical company reported ($0.72) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.72). Adamas Pharmaceuticals had a negative net margin of 5,267.99% and a negative return on equity of 38.31%. During the same period in the prior year, the firm posted ($0.65) earnings per share. Analysts forecast that Adamas Pharmaceuticals will post ($3.51) earnings per share for the current fiscal year.
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In other news, CEO Gregory T. Went sold 2,807 shares of Adamas Pharmaceuticals stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $17.03, for a total transaction of $47,803.21. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 4,256 shares of company stock worth $72,480 in the last quarter. Insiders own 31.79% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in ADMS. State Street Corp raised its stake in Adamas Pharmaceuticals by 6.3% in the fourth quarter. State Street Corp now owns 257,685 shares of the specialty pharmaceutical company’s stock valued at $4,356,000 after buying an additional 15,216 shares during the last quarter. Brenner West Capital Advisors LLC increased its stake in Adamas Pharmaceuticals by 15.0% in the third quarter. Brenner West Capital Advisors LLC now owns 1,169,275 shares of the specialty pharmaceutical company’s stock valued at $19,188,000 after buying an additional 152,275 shares during the last quarter. Baker BROS. Advisors LP bought a new stake in Adamas Pharmaceuticals during the third quarter valued at $2,833,000. Sio Capital Management LLC increased its stake in Adamas Pharmaceuticals by 17.0% in the third quarter. Sio Capital Management LLC now owns 66,110 shares of the specialty pharmaceutical company’s stock valued at $1,085,000 after buying an additional 9,610 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Adamas Pharmaceuticals during the third quarter valued at $219,000. Hedge funds and other institutional investors own 75.44% 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.
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