Supernus Pharmaceuticals, Inc. (SUPN) Given Consensus Rating of “Buy” by Analysts
Shares of Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN) have been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three research 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 brokerages that have issued a report on the stock in the last year is $48.17.
A number of equities research analysts recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $51.00 target price on shares of Supernus Pharmaceuticals in a research report on Friday, August 4th. BidaskClub upgraded Supernus Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Piper Jaffray Companies restated a “neutral” rating on shares of Supernus Pharmaceuticals in a research report on Friday, August 4th. Cowen and Company restated a “positive” rating and set a $50.00 price objective (up from $40.00) on shares of Supernus Pharmaceuticals in a research report on Thursday, August 3rd. Finally, Janney Montgomery Scott initiated coverage on Supernus Pharmaceuticals in a research report on Friday, July 14th. They set a “neutral” rating and a $47.00 price objective on the stock.
Shares of Supernus Pharmaceuticals (SUPN) traded up 0.41% during trading on Friday, hitting $49.05. The company had a trading volume of 1,026,254 shares. Supernus Pharmaceuticals has a 52 week low of $17.25 and a 52 week high of $50.00. The stock has a market capitalization of $2.49 billion, a P/E ratio of 24.75 and a beta of 1.30. The firm’s 50 day moving average is $44.38 and its 200-day moving average is $37.55.
Supernus Pharmaceuticals (NASDAQ:SUPN) last posted its earnings results on Wednesday, August 2nd. The specialty pharmaceutical company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $75.83 million for the quarter, compared to the consensus estimate of $68.54 million. Supernus Pharmaceuticals had a return on equity of 30.73% and a net margin of 41.10%. Equities research analysts anticipate that Supernus Pharmaceuticals will post $1.04 EPS for the current fiscal year.
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In related news, CFO Gregory S. Patrick sold 50,000 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $47.60, for a total value of $2,380,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Padmanabh P. Bhatt sold 2,556 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $44.90, for a total value of $114,764.40. Following the completion of the transaction, the vice president now directly owns 24,944 shares in the company, valued at approximately $1,119,985.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 160,000 shares of company stock worth $7,505,574. Company insiders own 6.70% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Sheets Smith Wealth Management bought a new position in Supernus Pharmaceuticals in the second quarter worth approximately $378,000. Turner Investments LLC bought a new position in Supernus Pharmaceuticals in the first quarter worth approximately $219,000. Bank of America Corp DE grew its stake in Supernus Pharmaceuticals by 10.7% in the first quarter. Bank of America Corp DE now owns 362,952 shares of the specialty pharmaceutical company’s stock worth $11,361,000 after purchasing an additional 35,069 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Supernus Pharmaceuticals in the first quarter worth approximately $468,000. Finally, Dimensional Fund Advisors LP grew its stake in Supernus Pharmaceuticals by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,146,040 shares of the specialty pharmaceutical company’s stock worth $35,871,000 after purchasing an additional 39,033 shares in the last quarter. 95.38% of the stock is currently owned by institutional investors.
About Supernus Pharmaceuticals
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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