Piper Jaffray Companies Analysts Give Adamas Pharmaceuticals (ADMS) a $52.00 Price Target

Piper Jaffray Companies set a $52.00 price target on Adamas Pharmaceuticals (NASDAQ:ADMS) in a report issued on Tuesday. The firm currently has a buy rating on the specialty pharmaceutical company’s stock.

Other equities analysts also recently issued research reports about the company. Northland Securities began coverage on Adamas Pharmaceuticals in a research report on Wednesday, November 29th. They set an outperform rating on the stock. Mizuho reiterated a buy rating and set a $26.00 price target on shares of Adamas Pharmaceuticals in a research report on Tuesday, September 5th. Cowen set a $55.00 price target on Adamas Pharmaceuticals and gave the stock a buy rating in a research report on Wednesday, December 13th. Zacks Investment Research upgraded Adamas Pharmaceuticals from a sell rating to a hold rating in a research report on Thursday, September 21st. Finally, BidaskClub cut Adamas Pharmaceuticals from a buy rating to a hold rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $45.67.

Shares of Adamas Pharmaceuticals (NASDAQ:ADMS) traded up $2.04 during mid-day trading on Tuesday, reaching $34.27. The company’s stock had a trading volume of 868,100 shares, compared to its average volume of 552,187. The company has a current ratio of 8.35, a quick ratio of 8.32 and a debt-to-equity ratio of 0.41. Adamas Pharmaceuticals has a 52 week low of $13.50 and a 52 week high of $38.22.

Adamas Pharmaceuticals (NASDAQ:ADMS) last issued its quarterly earnings results on Thursday, November 2nd. The specialty pharmaceutical company reported ($1.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.03). The business’s quarterly revenue was down 99.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.66) earnings per share. research analysts predict that Adamas Pharmaceuticals will post -3.84 EPS for the current year.

Several institutional investors have recently made changes to their positions in ADMS. Macquarie Group Ltd. acquired a new position in shares of Adamas Pharmaceuticals during the third quarter valued at approximately $15,899,000. Point72 Asset Management L.P. raised its holdings in shares of Adamas Pharmaceuticals by 639.3% during the third quarter. Point72 Asset Management L.P. now owns 850,165 shares of the specialty pharmaceutical company’s stock valued at $17,998,000 after acquiring an additional 735,165 shares during the last quarter. Axiom International Investors LLC DE raised its holdings in shares of Adamas Pharmaceuticals by 134.1% during the third quarter. Axiom International Investors LLC DE now owns 236,209 shares of the specialty pharmaceutical company’s stock valued at $5,001,000 after acquiring an additional 135,297 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Adamas Pharmaceuticals by 13,028.4% during the third quarter. JPMorgan Chase & Co. now owns 136,273 shares of the specialty pharmaceutical company’s stock valued at $2,839,000 after acquiring an additional 135,235 shares during the last quarter. Finally, EAM Investors LLC acquired a new position in shares of Adamas Pharmaceuticals during the third quarter valued at approximately $1,795,000. 79.40% of the stock is owned by institutional investors and hedge funds.

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Adamas Pharmaceuticals Company Profile

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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