BidaskClub Lowers AMAG Pharmaceuticals, Inc. (AMAG) to Hold
AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
Several other research analysts also recently weighed in on AMAG. Cowen and Company restated a “hold” rating on shares of AMAG Pharmaceuticals in a research note on Thursday. ValuEngine upgraded shares of AMAG Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Cantor Fitzgerald restated a “hold” rating on shares of AMAG Pharmaceuticals in a research note on Monday, July 24th. Barclays PLC restated a “hold” rating and issued a $25.00 target price on shares of AMAG Pharmaceuticals in a research note on Monday, May 15th. Finally, Deutsche Bank AG set a $24.00 target price on shares of AMAG Pharmaceuticals and gave the company a “hold” rating in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. AMAG Pharmaceuticals has a consensus rating of “Hold” and a consensus price target of $28.09.
AMAG Pharmaceuticals (NASDAQ:AMAG) traded down 3.000% during trading on Thursday, hitting $16.975. 67,457 shares of the company were exchanged. AMAG Pharmaceuticals has a 12 month low of $16.00 and a 12 month high of $36.83. The company’s market capitalization is $599.01 million. The company has a 50-day moving average of $19.12 and a 200-day moving average of $20.89.
AMAG Pharmaceuticals (NASDAQ:AMAG) last announced its earnings results on Thursday, August 3rd. The specialty pharmaceutical company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.58) by $0.18. The business had revenue of $158.39 million during the quarter, compared to the consensus estimate of $158.83 million. AMAG Pharmaceuticals had a negative net margin of 7.58% and a negative return on equity of 4.81%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. Analysts forecast that AMAG Pharmaceuticals will post ($0.41) EPS for the current year.
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In other AMAG Pharmaceuticals news, SVP Julie Krop sold 4,938 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $20.00, for a total transaction of $98,760.00. Following the transaction, the senior vice president now directly owns 28,336 shares in the company, valued at approximately $566,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in AMAG Pharmaceuticals by 67,790.9% in the first quarter. BlackRock Inc. now owns 4,995,412 shares of the specialty pharmaceutical company’s stock worth $112,647,000 after buying an additional 4,988,054 shares during the period. Vanguard Group Inc. boosted its stake in shares of AMAG Pharmaceuticals by 6.1% in the first quarter. Vanguard Group Inc. now owns 3,085,348 shares of the specialty pharmaceutical company’s stock worth $69,576,000 after buying an additional 176,832 shares during the period. State Street Corp boosted its stake in shares of AMAG Pharmaceuticals by 75.2% in the first quarter. State Street Corp now owns 2,522,059 shares of the specialty pharmaceutical company’s stock worth $56,876,000 after buying an additional 1,082,366 shares during the period. LSV Asset Management boosted its stake in shares of AMAG Pharmaceuticals by 34.0% in the first quarter. LSV Asset Management now owns 1,685,098 shares of the specialty pharmaceutical company’s stock worth $37,998,000 after buying an additional 427,238 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of AMAG Pharmaceuticals by 777.8% in the first quarter. Acadian Asset Management LLC now owns 1,226,690 shares of the specialty pharmaceutical company’s stock worth $27,659,000 after buying an additional 1,086,937 shares during the period.
About AMAG Pharmaceuticals
AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.
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