Shares of Adamas Pharmaceuticals Inc (NASDAQ:ADMS) have earned a consensus rating of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $45.67.
A number of research firms recently weighed in on ADMS. Mizuho restated a “buy” rating and set a $48.00 target price on shares of Adamas Pharmaceuticals in a research note on Tuesday, January 23rd. BidaskClub upgraded shares of Adamas Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. ValuEngine upgraded shares of Adamas Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Adamas Pharmaceuticals from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Wednesday, January 3rd. Finally, Cowen set a $55.00 price target on shares of Adamas Pharmaceuticals and gave the stock a “buy” rating in a research note on Wednesday, December 13th.
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Adamas Pharmaceuticals by 13,028.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 136,273 shares of the specialty pharmaceutical company’s stock worth $2,839,000 after purchasing an additional 135,235 shares in the last quarter. Hikari Power Ltd purchased a new stake in Adamas Pharmaceuticals in the 3rd quarter worth $635,000. EAM Investors LLC purchased a new stake in Adamas Pharmaceuticals in the 3rd quarter worth $1,795,000. Vanguard Group Inc. lifted its stake in Adamas Pharmaceuticals by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 745,237 shares of the specialty pharmaceutical company’s stock worth $13,034,000 after purchasing an additional 28,818 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Adamas Pharmaceuticals by 9.1% in the 2nd quarter. State Street Corp now owns 285,359 shares of the specialty pharmaceutical company’s stock worth $4,990,000 after buying an additional 23,708 shares during the last quarter. Institutional investors and hedge funds own 68.76% of the company’s stock.
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About Adamas Pharmaceuticals
Adamas Pharmaceuticals, Inc is a pharmaceutical company. The Company is engaged in developing medicines to manage the daily lives of those affected by chronic neurologic disorders. It offers a platform based on an understanding of time dependent biologic effects of disease activity and drug response to achieve relief without tolerability issues.
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