Supernus Pharmaceuticals Inc (SUPN) Receives $35.00 Average PT from Analysts
Supernus Pharmaceuticals Inc (NASDAQ:SUPN) has received an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $35.00.
SUPN has been the topic of a number of research reports. Cantor Fitzgerald reissued a “buy” rating and issued a $31.00 price objective on shares of Supernus Pharmaceuticals in a research note on Wednesday, March 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of Supernus Pharmaceuticals in a research note on Thursday, March 2nd. Zacks Investment Research raised shares of Supernus Pharmaceuticals from a “strong sell” rating to a “hold” rating in a research note on Saturday, March 4th. Stifel Nicolaus raised their price target on shares of Supernus Pharmaceuticals from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, April 3rd. Finally, Cowen and Company raised their price target on shares of Supernus Pharmaceuticals from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, May 11th.
Shares of Supernus Pharmaceuticals (SUPN) traded down 1.28% during trading on Tuesday, reaching $38.65. 1,266,125 shares of the company’s stock were exchanged. The stock has a market cap of $1.94 billion, a P/E ratio of 20.79 and a beta of 1.76. Supernus Pharmaceuticals has a 12-month low of $17.25 and a 12-month high of $41.35. The company has a 50 day moving average of $35.55 and a 200 day moving average of $29.14.
Supernus Pharmaceuticals (NASDAQ:SUPN) last issued its quarterly earnings data on Tuesday, May 9th. The specialty pharmaceutical company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. The business had revenue of $57.58 million during the quarter, compared to analyst estimates of $57.91 million. Supernus Pharmaceuticals had a net margin of 17.88% and a return on equity of 20.76%. Equities research analysts anticipate that Supernus Pharmaceuticals will post $1.08 EPS for the current year.
In related news, CFO Gregory S. Patrick sold 54,000 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $32.37, for a total value of $1,747,980.00. Following the sale, the chief financial officer now directly owns 54,221 shares of the company’s stock, valued at $1,755,133.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Padmanabh P. Bhatt sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $39.86, for a total transaction of $398,600.00. Following the completion of the sale, the vice president now directly owns 27,500 shares in the company, valued at $1,096,150. The disclosure for this sale can be found here. Insiders sold 83,806 shares of company stock worth $2,813,038 over the last three months. Corporate insiders own 6.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SUPN. Bogle Investment Management L P DE boosted its stake in Supernus Pharmaceuticals by 59.0% in the fourth quarter. Bogle Investment Management L P DE now owns 263,184 shares of the specialty pharmaceutical company’s stock valued at $6,645,000 after buying an additional 97,673 shares in the last quarter. New York State Teachers Retirement System raised its position in Supernus Pharmaceuticals by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 77,035 shares of the specialty pharmaceutical company’s stock valued at $1,945,000 after buying an additional 400 shares during the last quarter. Pacad Investment Ltd. acquired a new position in Supernus Pharmaceuticals during the fourth quarter valued at approximately $124,000. Axiom International Investors LLC DE acquired a new position in Supernus Pharmaceuticals during the fourth quarter valued at approximately $2,522,000. Finally, Trexquant Investment LP acquired a new position in Supernus Pharmaceuticals during the fourth quarter valued at approximately $556,000. 92.17% of the stock is currently owned by institutional investors and hedge funds.
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Supernus Pharmaceuticals Company Profile
Supernus Pharmaceuticals, Inc is a pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases. The Company offers Oxtellar XR (extended-release oxcarbazepine) and Trokendi XR (extended-release topiramate), its two treatments for patients with epilepsy.
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