Research analysts at The Goldman Sachs Group started coverage on shares of NewAmsterdam Pharma (NASDAQ:NAMS - Get Free Report) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage set a "neutral" rating and a $27.00 price target on the stock. The Goldman Sachs Group's target price indicates a potential upside of 21.62% from the stock's previous close.
Several other research analysts have also recently commented on NAMS. Citigroup started coverage on NewAmsterdam Pharma in a research report on Tuesday, June 17th. They set a "buy" rating and a $42.00 price target for the company. Stifel Nicolaus initiated coverage on NewAmsterdam Pharma in a research note on Tuesday, June 10th. They set a "buy" rating and a $44.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price target on shares of NewAmsterdam Pharma in a research note on Thursday, June 12th. Wall Street Zen upgraded NewAmsterdam Pharma from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Cantor Fitzgerald initiated coverage on NewAmsterdam Pharma in a report on Wednesday, June 4th. They set an "overweight" rating and a $42.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.30.
View Our Latest Stock Report on NewAmsterdam Pharma
NewAmsterdam Pharma Price Performance
Shares of NAMS traded up $0.22 during trading hours on Thursday, reaching $22.20. 951,534 shares of the company's stock traded hands, compared to its average volume of 746,919. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of -11.81 and a beta of -0.03. NewAmsterdam Pharma has a twelve month low of $14.06 and a twelve month high of $27.29. The business's fifty day simple moving average is $19.35 and its two-hundred day simple moving average is $20.18.
NewAmsterdam Pharma (NASDAQ:NAMS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.49) EPS for the quarter, missing analysts' consensus estimates of ($0.45) by ($0.04). The business had revenue of $2.98 million for the quarter, compared to analyst estimates of $1.46 million. NewAmsterdam Pharma had a negative return on equity of 37.34% and a negative net margin of 397.45%. On average, equities research analysts expect that NewAmsterdam Pharma will post -1.75 EPS for the current year.
Insider Buying and Selling at NewAmsterdam Pharma
In other news, Director James N. Topper bought 2,520 shares of NewAmsterdam Pharma stock in a transaction on Tuesday, June 24th. The shares were bought at an average cost of $18.43 per share, with a total value of $46,443.60. Following the completion of the purchase, the director directly owned 3,024,873 shares of the company's stock, valued at approximately $55,748,409.39. This trade represents a 0.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Douglas F. Kling sold 51,043 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $21.10, for a total transaction of $1,077,007.30. Following the completion of the sale, the chief operating officer directly owned 44,000 shares in the company, valued at $928,400. This trade represents a 53.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 12,364 shares of company stock worth $236,839 and have sold 198,612 shares worth $4,025,887. 20.84% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deerfield Management Company L.P. Series C boosted its stake in NewAmsterdam Pharma by 378.4% during the 4th quarter. Deerfield Management Company L.P. Series C now owns 4,314,340 shares of the company's stock worth $110,879,000 after purchasing an additional 3,412,590 shares during the period. Frazier Life Sciences Management L.P. increased its holdings in shares of NewAmsterdam Pharma by 23.8% in the 4th quarter. Frazier Life Sciences Management L.P. now owns 15,916,418 shares of the company's stock valued at $409,052,000 after purchasing an additional 3,061,224 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of NewAmsterdam Pharma by 2,410.4% in the 4th quarter. Wellington Management Group LLP now owns 2,315,123 shares of the company's stock valued at $59,499,000 after purchasing an additional 2,222,900 shares in the last quarter. Capital International Investors purchased a new position in NewAmsterdam Pharma during the 4th quarter valued at about $53,007,000. Finally, Alliancebernstein L.P. purchased a new position in NewAmsterdam Pharma during the 4th quarter valued at about $47,752,000. Institutional investors and hedge funds own 89.89% of the company's stock.
About NewAmsterdam Pharma
(
Get Free Report)
NewAmsterdam Pharma Company N.V., a late-stage biopharmaceutical company, develops therapies to enhance patient care in populations with metabolic disease. It is developing obicetrapib, an oral low-dose cholesteryl ester transfer protein (CETP) inhibitor, that is in various clinical trials as a monotherapy and a combination therapy with ezetimibe for lowering LDL-C for cardiovascular diseases.
Further Reading

Before you consider NewAmsterdam Pharma, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NewAmsterdam Pharma wasn't on the list.
While NewAmsterdam Pharma currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.