Alcobra Ltd. (ADHD) Receives Consensus Recommendation of “Hold” from Brokerages
Alcobra Ltd. (NASDAQ:ADHD) has received a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $2.02.
ADHD has been the topic of a number of recent analyst reports. Zacks Investment Research raised Alcobra from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a report on Friday, June 2nd. Roth Capital set a $4.00 price target on Alcobra and gave the company a “buy” rating in a report on Wednesday, May 31st. Jefferies Group LLC reaffirmed a “hold” rating and set a $1.25 price target on shares of Alcobra in a report on Monday, June 12th. Finally, ValuEngine cut Alcobra from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd.
Alcobra (NASDAQ ADHD) opened at 1.11 on Tuesday. The firm’s 50-day moving average price is $1.05 and its 200 day moving average price is $1.13. Alcobra has a 52-week low of $0.83 and a 52-week high of $4.93. The firm’s market cap is $30.59 million.
Alcobra (NASDAQ:ADHD) last released its quarterly earnings results on Friday, August 11th. The biotechnology company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.02. On average, equities analysts anticipate that Alcobra will post ($0.50) earnings per share for the current year.
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Large investors have recently made changes to their positions in the stock. Citadel Advisors LLC raised its holdings in Alcobra by 7,251.0% during the first quarter. Citadel Advisors LLC now owns 100,114 shares of the biotechnology company’s stock worth $114,000 after purchasing an additional 101,514 shares in the last quarter. Worth Venture Partners LLC bought a new stake in Alcobra during the first quarter worth approximately $229,000. Finally, Royce & Associates LP raised its holdings in Alcobra by 15.5% during the first quarter. Royce & Associates LP now owns 745,055 shares of the biotechnology company’s stock worth $849,000 after purchasing an additional 100,000 shares in the last quarter. 29.68% of the stock is currently owned by hedge funds and other institutional investors.
Alcobra Ltd is a development-stage biopharmaceutical company. The Company is focused on development and commercialization of its lead product candidates, including MDX and ADAIR. MDX is a oral drug, for the treatment of ADHD and other cognitive disorders, including Fragile X. MDX is a combined rapid onset ER formulation of the chemical pyridoxine pyroglutamate, which is more commonly known as metadoxine.
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