Supernus Pharmaceuticals (NASDAQ:SUPN) was downgraded by equities research analysts at ValuEngine from a "hold" rating to a "sell" rating in a research note issued on Monday, ValuEngine reports.
A number of other equities research analysts also recently weighed in on the stock. BidaskClub downgraded shares of Supernus Pharmaceuticals from a "hold" rating to a "sell" rating in a research note on Saturday, June 13th. Jefferies Financial Group assumed coverage on shares of Supernus Pharmaceuticals in a report on Monday, June 15th. They issued a "hold" rating and a $24.00 price objective for the company. Piper Sandler upgraded shares of Supernus Pharmaceuticals from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $25.00 to $31.00 in a report on Tuesday, June 16th. Zacks Investment Research upgraded shares of Supernus Pharmaceuticals from a "hold" rating to a "buy" rating and set a $26.00 price objective for the company in a report on Saturday. Finally, Stifel Nicolaus dropped their price objective on shares of Supernus Pharmaceuticals from $25.00 to $24.00 and set a "hold" rating for the company in a report on Thursday, April 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Supernus Pharmaceuticals currently has an average rating of "Hold" and an average price target of $31.00.
Shares of SUPN traded up $1.03 during mid-day trading on Monday, reaching $23.29. The company had a trading volume of 464,124 shares, compared to its average volume of 561,583. The company's 50 day simple moving average is $23.62 and its 200 day simple moving average is $21.81. Supernus Pharmaceuticals has a 1-year low of $13.12 and a 1-year high of $33.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.16 and a current ratio of 3.31. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.73 and a beta of 1.55.
Supernus Pharmaceuticals (NASDAQ:SUPN) last posted its quarterly earnings results on Tuesday, May 5th. The specialty pharmaceutical company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.10. Supernus Pharmaceuticals had a net margin of 28.90% and a return on equity of 20.31%. The company had revenue of $94.98 million for the quarter, compared to the consensus estimate of $84.01 million. During the same period last year, the company posted $0.34 EPS. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities analysts forecast that Supernus Pharmaceuticals will post 1.49 earnings per share for the current fiscal year.
In other news, CFO Gregory S. Patrick sold 15,000 shares of Supernus Pharmaceuticals stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $25.03, for a total transaction of $375,450.00. Following the sale, the chief financial officer now directly owns 61,057 shares in the company, valued at approximately $1,528,256.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 30,920 shares of company stock worth $745,035 over the last quarter. Company insiders own 7.86% of the company's stock.
A number of institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC raised its stake in Supernus Pharmaceuticals by 45.1% in the 2nd quarter. ProShare Advisors LLC now owns 15,904 shares of the specialty pharmaceutical company's stock valued at $378,000 after acquiring an additional 4,942 shares during the period. Comerica Bank raised its stake in Supernus Pharmaceuticals by 8.2% in the 2nd quarter. Comerica Bank now owns 55,225 shares of the specialty pharmaceutical company's stock valued at $1,303,000 after acquiring an additional 4,179 shares during the period. Ingalls & Snyder LLC raised its stake in Supernus Pharmaceuticals by 0.7% in the 2nd quarter. Ingalls & Snyder LLC now owns 71,188 shares of the specialty pharmaceutical company's stock valued at $1,691,000 after acquiring an additional 500 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Supernus Pharmaceuticals in the 2nd quarter valued at about $240,000. Finally, Wakefield Asset Management LLLP bought a new stake in Supernus Pharmaceuticals in the 2nd quarter valued at about $518,000. Institutional investors and hedge funds own 92.73% of the company's stock.
Supernus Pharmaceuticals Company Profile
Supernus Pharmaceuticals, Inc, a pharmaceutical company, focuses on the development and commercialization of products for the treatment of central nervous system diseases in the United States. It offers Oxtellar XR, an extended-release oxcarbazepine for use in the treatment of epilepsy; and Trokendi XR, an extended-release topiramate, which is used for the treatment of epilepsy and migraine.
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