ADMA Biologics Inc (ADMA) Rating Increased to Outperform at Raymond James Financial, Inc.
ADMA Biologics Inc (NASDAQ:ADMA) was upgraded by stock analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday. The brokerage currently has a $5.00 price target on the biotechnology company’s stock. Raymond James Financial, Inc.’s price target suggests a potential upside of 101.61% from the company’s current price.
Separately, ValuEngine downgraded ADMA Biologics from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st.
ADMA Biologics (ADMA) opened at $2.48 on Tuesday. ADMA Biologics has a 52 week low of $2.01 and a 52 week high of $6.88. The company has a debt-to-equity ratio of 2.26, a current ratio of 2.36 and a quick ratio of 1.35.
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In related news, insider Adam S. Grossman acquired 485,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $2.15 per share, with a total value of $1,042,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric I. Richman acquired 25,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $2.15 per share, with a total value of $53,750.00. Following the completion of the purchase, the director now owns 31,300 shares of the company’s stock, valued at $67,295. The disclosure for this purchase can be found here. Over the last three months, insiders bought 526,500 shares of company stock valued at $1,131,975. Company insiders own 60.44% of the company’s stock.
ADMA Biologics Company Profile
ADMA Biologics, Inc is a late-stage biopharmaceutical company that develops, manufactures and intends to market specialty plasma-based biologics for the treatment and prevention of infectious diseases. The Company is engaged in the development and commercialization of human plasma and plasma-derived therapeutics.
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