Alcobra Ltd. (NASDAQ:ADHD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

A number of other brokerages have also commented on ADHD. WBB Securities upgraded shares of Alcobra from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a research note on Monday. Roth Capital lowered shares of Alcobra from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $4.00 to $1.00 in a research note 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 assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $1.56.

Alcobra (NASDAQ:ADHD) traded up 0.459% during midday trading on Wednesday, reaching $1.095. 588,015 shares of the company’s stock traded hands. The company’s 50-day moving average price is $1.06 and its 200-day moving average price is $1.11. The stock’s market cap is $30.18 million. Alcobra has a 52-week low of $0.83 and a 52-week high of $2.68.

Alcobra (NASDAQ:ADHD) last announced its quarterly earnings results on Friday, August 11th. The biotechnology company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. On average, equities analysts predict that Alcobra will post ($0.77) EPS for the current fiscal year.

WARNING: “Alcobra Ltd. (ADHD) Lowered to “Hold” at Zacks Investment Research” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/11/alcobra-ltd-adhd-lowered-to-hold-at-zacks-investment-research.html.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC boosted its holdings in shares of 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 buying an additional 101,514 shares during the last quarter. Worth Venture Partners LLC boosted its holdings in shares of 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 buying an additional 71,465 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of 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 buying an additional 100,000 shares during the last quarter. 29.68% of the stock is currently owned by institutional investors.

About Alcobra

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.

Get a free copy of the Zacks research report on Alcobra (ADHD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Alcobra (NASDAQ:ADHD)

Receive News & Ratings for Alcobra Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcobra Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.