Supernus Pharmaceuticals, Inc. (SUPN) Rating Reiterated by Jefferies Group LLC
Supernus Pharmaceuticals, Inc. (NASDAQ:SUPN)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Group LLC in a research note issued on Wednesday. They presently have a $51.00 target price on the specialty pharmaceutical company’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 38.78% from the company’s current price.
Other research analysts also recently issued reports about the stock. BidaskClub raised shares of Supernus Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating and set a $47.00 price target (up from $36.00) on shares of Supernus Pharmaceuticals in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of Supernus Pharmaceuticals from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Thursday, July 13th. Cantor Fitzgerald lifted their price target on shares of Supernus Pharmaceuticals from $34.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, July 5th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $45.00 price target on shares of Supernus Pharmaceuticals in a research note on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $48.29.
Shares of Supernus Pharmaceuticals (SUPN) traded down 3.42% during trading on Wednesday, reaching $36.75. 2,356,464 shares of the company’s stock traded hands. Supernus Pharmaceuticals has a 52-week low of $17.25 and a 52-week high of $50.05. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 18.54 and a beta of 1.30. The company’s 50-day moving average is $44.56 and its 200 day moving average is $37.95.
Supernus Pharmaceuticals (NASDAQ:SUPN) last posted its quarterly earnings results on Wednesday, August 2nd. The specialty pharmaceutical company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.24 by $0.08. The firm had revenue of $75.83 million for the quarter, compared to the consensus estimate of $68.54 million. Supernus Pharmaceuticals had a net margin of 41.10% and a return on equity of 30.73%. Equities analysts forecast that Supernus Pharmaceuticals will post $1.04 EPS for the current year.
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In related news, VP Padmanabh P. Bhatt sold 3,735 shares of Supernus Pharmaceuticals stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $44.90, for a total value of $167,701.50. Following the transaction, the vice president now directly owns 21,209 shares of the company’s stock, valued at $952,284.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Padmanabh P. Bhatt sold 2,556 shares of Supernus Pharmaceuticals stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $44.90, for a total transaction of $114,764.40. Following the completion of the transaction, the vice president now directly owns 24,944 shares in the company, valued at $1,119,985.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 160,000 shares of company stock worth $7,505,574. 6.70% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Sheets Smith Wealth Management purchased a new position in shares of Supernus Pharmaceuticals in the second quarter worth $378,000. Royce & Associates LP increased its stake in shares of Supernus Pharmaceuticals by 22.3% in the second quarter. Royce & Associates LP now owns 159,000 shares of the specialty pharmaceutical company’s stock worth $6,853,000 after buying an additional 29,000 shares during the period. Turner Investments LLC purchased a new position in shares of Supernus Pharmaceuticals in the first quarter worth $219,000. Neumeier Poma Investment Counsel LLC increased its stake in shares of Supernus Pharmaceuticals by 1.6% in the second quarter. Neumeier Poma Investment Counsel LLC now owns 890,740 shares of the specialty pharmaceutical company’s stock worth $38,391,000 after buying an additional 14,430 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of 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 buying an additional 35,069 shares during the period. 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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