Alcobra Ltd. (ADHD) Stock Rating Upgraded by Zacks Investment Research
Alcobra Ltd. (NASDAQ:ADHD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $1.25 price objective on the biotechnology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 26.26% from the company’s current price.
According to Zacks, “Alcobra Ltd. is a biopharmaceutical company. It focuses on the development and commercialization of drugs to treat attention deficit hyperactivity disorder. Alcobra Ltd. is headquartered in Tel Aviv, Israel. “
Several other research firms have also recently weighed in on ADHD. Jefferies Group LLC reiterated a “hold” rating and set a $1.25 price objective on shares of Alcobra in a research report on Monday, June 12th. Roth Capital cut shares of Alcobra from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $4.00 to $1.00 in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Alcobra currently has a consensus rating of “Hold” and a consensus target price of $1.55.
Shares of Alcobra (ADHD) traded down 2.12% during trading on Wednesday, hitting $0.99. 320,389 shares of the stock traded hands. Alcobra has a 1-year low of $0.83 and a 1-year high of $2.75. The firm’s market capitalization is $27.29 million. The firm has a 50-day moving average of $1.05 and a 200-day moving average of $1.11.
Alcobra (NASDAQ:ADHD) last posted its quarterly earnings data on Friday, August 11th. The biotechnology company reported ($0.13) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. On average, equities analysts forecast that Alcobra will post ($0.50) earnings per share for the current year.
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A number of large investors have recently bought and sold shares of ADHD. Citadel Advisors LLC grew its holdings in Alcobra by 7,251.0% in 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 during the period. Royce & Associates LP grew its holdings in Alcobra by 15.5% in 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 during the period. Finally, Worth Venture Partners LLC grew its holdings in Alcobra by 35.6% in the second quarter. Worth Venture Partners LLC now owns 271,982 shares of the biotechnology company’s stock worth $305,000 after purchasing an additional 71,465 shares during the period. Institutional investors and hedge funds own 29.68% of the company’s stock.
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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