AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) Earns Hold Rating from Cantor Fitzgerald
AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG)‘s stock had its “hold” rating reiterated by analysts at Cantor Fitzgerald in a research note issued to investors on Monday.
The analysts wrote, “AMAG announced the commercial launch of Intrarosa (DHEA vaginal insert) as a treatment for moderate to severe dyspareunia associated with vulvar vaginal atrophy (VVA).””
Several other brokerages also recently commented on AMAG. Jefferies Group LLC set a $40.00 target price on AMAG Pharmaceuticals and gave the stock a “buy” rating in a research report on Thursday, April 20th. Barclays PLC reaffirmed a “hold” rating and issued a $25.00 target price on shares of AMAG Pharmaceuticals in a research report on Friday, May 5th. Zacks Investment Research raised AMAG Pharmaceuticals from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, July 11th. BidaskClub raised AMAG Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Deutsche Bank AG set a $24.00 target price on AMAG Pharmaceuticals and gave the stock a “hold” rating in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.09.
Shares of AMAG Pharmaceuticals (NASDAQ:AMAG) traded up 2.85% during midday trading on Monday, hitting $19.85. The company had a trading volume of 626,828 shares. The company’s market cap is $695.64 million. AMAG Pharmaceuticals has a 12 month low of $16.00 and a 12 month high of $36.83. The stock’s 50-day moving average price is $18.21 and its 200-day moving average price is $21.64.
AMAG Pharmaceuticals (NASDAQ:AMAG) last announced its quarterly earnings data on Tuesday, May 2nd. The specialty pharmaceutical company reported ($1.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $1.15. The firm had revenue of $139.47 million during the quarter, compared to analyst estimates of $150.32 million. AMAG Pharmaceuticals had a negative net margin of 5.61% and a positive return on equity of 1.69%. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.22) EPS. On average, equities research analysts forecast that AMAG Pharmaceuticals will post $5.40 EPS for the current year.
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In related news, SVP Julie Krop sold 4,938 shares of the firm’s stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $20.00, for a total transaction of $98,760.00. Following the completion of the sale, the senior vice president now directly owns 28,336 shares of the company’s stock, valued at approximately $566,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AMAG. Comerica Bank raised its position in AMAG Pharmaceuticals by 5.1% in the fourth quarter. Comerica Bank now owns 36,399 shares of the specialty pharmaceutical company’s stock valued at $837,000 after buying an additional 1,764 shares in the last quarter. Dimensional Fund Advisors LP raised its position in AMAG Pharmaceuticals by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 406,303 shares of the specialty pharmaceutical company’s stock valued at $14,140,000 after buying an additional 6,507 shares in the last quarter. Thrivent Financial for Lutherans raised its position in AMAG Pharmaceuticals by 5.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,380 shares of the specialty pharmaceutical company’s stock valued at $640,000 after buying an additional 1,000 shares in the last quarter. Norges Bank bought a new position in AMAG Pharmaceuticals during the fourth quarter valued at about $19,914,000. Finally, Teachers Advisors LLC raised its position in AMAG Pharmaceuticals by 9.5% in the fourth quarter. Teachers Advisors LLC now owns 59,891 shares of the specialty pharmaceutical company’s stock valued at $2,084,000 after buying an additional 5,216 shares in the last quarter.
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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