ACADIA Pharmaceuticals (ACAD) Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ACADIA Pharmaceuticals in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ACAD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ACAD, but not buy additional shares or sell existing shares.
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17 brokerages have issued twelve-month target prices for ACADIA Pharmaceuticals' shares. Their ACAD share price forecasts range from $12.00 to $95.00. On average, they expect the company's stock price to reach $25.43 in the next year. This suggests a possible upside of 2.6% from the stock's current price.
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ACADIA Pharmaceuticals' stock was trading at $15.92 at the start of the year. Since then, ACAD stock has increased by 55.7% and is now trading at $24.78.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) issued its earnings results on Monday, May, 8th. The biopharmaceutical company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by $0.06. The biopharmaceutical company had revenue of $118.46 million for the quarter, compared to analysts' expectations of $120.29 million. ACADIA Pharmaceuticals had a negative net margin of 28.05% and a negative trailing twelve-month return on equity of 35.70%. The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.70) earnings per share.

ETFs with the largest weight of ACADIA Pharmaceuticals (NASDAQ:ACAD) stock in their portfolio include iShares Neuroscience and Healthcare ETF (IBRN), First Trust NYSE Arca Biotechnology Index Fund (FBT), Invesco Dynamic Biotechnology & Genome ETF (PBE), Virtus LifeSci Biotech Products ETF (BBP), ALPS Medical Breakthroughs ETF (SBIO), SPDR S&P Biotech ETF (XBI), Principal Healthcare Innovators ETF (BTEC) and Direxion Daily S&P Biotech Bull 3x Shares (LABU).

ACADIA Pharmaceuticals issued an update on its FY 2023 earnings guidance on Monday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $520.00 million-$550.00 million, compared to the consensus revenue estimate of $556.45 million.

8 employees have rated ACADIA Pharmaceuticals Chief Executive Officer Steve Davis on Glassdoor.com. Steve Davis has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other ACADIA Pharmaceuticals investors own include Micron Technology (MU), NVIDIA (NVDA), Gilead Sciences (GILD), Sarepta Therapeutics (SRPT), Pfizer (PFE), Tesla (TSLA), Alibaba Group (BABA), Amarin (AMRN), Advanced Micro Devices (AMD) and Exelixis (EXEL).

ACADIA Pharmaceuticals trades on the NASDAQ under the ticker symbol "ACAD."

ACADIA Pharmaceuticals' stock is owned by a number of institutional and retail investors. Top institutional investors include Baker BROS. Advisors LP (25.79%), BlackRock Inc. (6.08%), RTW Investments LP (5.07%), FMR LLC (4.84%), State Street Corp (3.44%) and Price T Rowe Associates Inc. MD (2.80%). Insiders that own company stock include Austin D Kim, Austin D Kim, Brendan Teehan, Bros Advisors Lp Baker, Elena Ridloff, James Kihara, Laura Brege, Mark C Schneyer, Michael J Yang, Srdjan R Stankovic, Srdjan R Stankovic and Stephen Davis.
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Shares of ACAD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ACAD stock can currently be purchased for approximately $24.78.

ACADIA Pharmaceuticals (NASDAQ:ACAD) has a market capitalization of $4.03 billion and generates $517.23 million in revenue each year. The biopharmaceutical company earns $-215,980,000.00 in net income (profit) each year or ($0.91) on an earnings per share basis.

The company employs 514 workers across the globe.

ACADIA Pharmaceuticals' mailing address is 3611 VALLEY CENTRE DRIVE SUITE 300, SAN DIEGO CA, 92130. The official website for the company is www.acadia-pharm.com. The biopharmaceutical company can be reached via phone at (858) 558-2871, via email at ir@acadia-pharm.com, or via fax at 858-558-2872.