Adamas Pharmaceuticals Inc (ADMS) Given “Top Pick” Rating at Mizuho
Mizuho reaffirmed their top pick rating on shares of Adamas Pharmaceuticals Inc (NASDAQ:ADMS) in a research report released on Wednesday. Mizuho currently has a $26.00 price target on the specialty pharmaceutical company’s stock.
“We continue to like ADMS into its August 24 PDUFA for Parkinson’s Disease, and we reiterate our Buy rating and our $26 PT.”,” the firm’s analyst commented.
Separately, 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 hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $28.43.
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Adamas Pharmaceuticals (NASDAQ:ADMS) opened at 17.69 on Wednesday. Adamas Pharmaceuticals has a 12-month low of $12.07 and a 12-month high of $19.50. The company’s market capitalization is $393.05 million. The stock’s 50 day moving average is $16.99 and its 200-day moving average is $16.17.
Adamas Pharmaceuticals (NASDAQ:ADMS) last posted its quarterly earnings data on Tuesday, February 21st. The specialty pharmaceutical company reported ($0.68) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.12. Adamas Pharmaceuticals had a negative net margin of 5,267.99% and a negative return on equity of 38.31%. The company had revenue of $0.04 million for the quarter, compared to the consensus estimate of $0.17 million. During the same period last year, the company earned ($0.58) earnings per share. The firm’s revenue was down 92.6% compared to the same quarter last year. On average, equities analysts predict that Adamas Pharmaceuticals will post ($3.26) earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of the company. Great Point Partners LLC purchased a new position in Adamas Pharmaceuticals during the third quarter valued at approximately $42,688,000. Brenner West Capital Advisors LP increased its position in Adamas Pharmaceuticals by 4.5% in the fourth quarter. Brenner West Capital Advisors LP now owns 1,221,463 shares of the specialty pharmaceutical company’s stock valued at $20,643,000 after buying an additional 52,188 shares during the last quarter. Brenner West Capital Advisors LLC increased its position 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. Emerald Mutual Fund Advisers Trust increased its position in Adamas Pharmaceuticals by 2.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 571,789 shares of the specialty pharmaceutical company’s stock valued at $9,383,000 after buying an additional 11,910 shares during the last quarter. Finally, Armistice Capital LLC purchased a new position in Adamas Pharmaceuticals during the fourth quarter valued at approximately $9,058,000. Institutional investors and hedge funds 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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