Q1 2018 EPS Estimates for Adamas Pharmaceuticals Decreased by Analyst (ADMS)

Adamas Pharmaceuticals (NASDAQ:ADMS) – Equities researchers at William Blair reduced their Q1 2018 EPS estimates for shares of Adamas Pharmaceuticals in a research note issued on Monday, April 16th. William Blair analyst T. Lugo now forecasts that the specialty pharmaceutical company will post earnings of ($1.51) per share for the quarter, down from their previous forecast of ($1.50). William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Adamas Pharmaceuticals’ FY2018 earnings at ($6.57) EPS.

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Adamas Pharmaceuticals (NASDAQ:ADMS) last announced its quarterly earnings results on Thursday, February 22nd. The specialty pharmaceutical company reported ($1.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.18) by ($0.09). The firm had revenue of $0.57 million during the quarter, compared to analyst estimates of $0.84 million. Adamas Pharmaceuticals’s revenue was up 1435.1% compared to the same quarter last year. During the same period last year, the company posted ($0.68) EPS.

Several other brokerages have also issued reports on ADMS. Mizuho reiterated a “buy” rating and set a $48.00 price target on shares of Adamas Pharmaceuticals in a report on Tuesday, January 23rd. BidaskClub upgraded Adamas Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, January 25th. ValuEngine upgraded Adamas Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Adamas Pharmaceuticals from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, January 3rd. Finally, Piper Jaffray set a $52.00 target price on Adamas Pharmaceuticals and gave the stock a “buy” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating and twelve have given a buy rating to the stock. Adamas Pharmaceuticals has an average rating of “Buy” and an average target price of $42.89.

Shares of Adamas Pharmaceuticals stock opened at $25.01 on Wednesday. The stock has a market cap of $653.29, a PE ratio of -6.30 and a beta of 1.59. The company has a debt-to-equity ratio of 1.55, a current ratio of 10.79 and a quick ratio of 10.69. Adamas Pharmaceuticals has a 52-week low of $13.50 and a 52-week high of $44.00.

Several hedge funds have recently modified their holdings of ADMS. Deutsche Bank AG lifted its holdings in shares of Adamas Pharmaceuticals by 632.7% during the fourth quarter. Deutsche Bank AG now owns 506,369 shares of the specialty pharmaceutical company’s stock worth $17,159,000 after buying an additional 437,263 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Adamas Pharmaceuticals during the fourth quarter worth approximately $7,356,000. UBS Asset Management Americas Inc. acquired a new position in shares of Adamas Pharmaceuticals during the fourth quarter worth approximately $6,680,000. Ardsley Advisory Partners acquired a new position in shares of Adamas Pharmaceuticals during the fourth quarter worth approximately $5,253,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of Adamas Pharmaceuticals by 18.6% during the fourth quarter. Macquarie Group Ltd. now owns 890,962 shares of the specialty pharmaceutical company’s stock worth $30,195,000 after buying an additional 139,934 shares during the last quarter. Institutional investors own 77.33% of the company’s stock.

In related news, insider Rajiv Patni sold 1,252 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $25.94, for a total value of $32,476.88. Following the completion of the sale, the insider now directly owns 21,515 shares in the company, valued at approximately $558,099.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory T. Went sold 4,541 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $25.75, for a total value of $116,930.75. Following the completion of the sale, the chief executive officer now owns 182,610 shares of the company’s stock, valued at $4,702,207.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,360 shares of company stock valued at $164,138. Corporate insiders own 29.00% of the company’s stock.

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Adamas Pharmaceuticals Company Profile

Adamas Pharmaceuticals, Inc discovers, develops, and sells therapies for chronic neurologic disorders. The company's approved/commercial product is GOCOVRI, an amantadine therapy for the treatment of levodopa-induced dyskinesia in patients with Parkinson's disease. Its partnered approved/commercial products include Namzaric (memantine hydrochloride extended-release and donepezil hydrochloride) capsules; and Namenda XR (memantine hydrochloride) extended release capsules for the treatment of moderate to severe Alzheimer's disease.

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