In a report issued on March 4, Serge Belanger from Needham maintained a Hold rating on Amag Pharmaceuticals (AMAG). The company’s shares closed last Monday at $7.68, close to its 52-week low of $6.81.
According to TipRanks.com, Belanger is a 3-star analyst with an average return of 1.2% and a 37.6% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, Collegium Pharmaceutical, and Pacira Pharmaceuticals.
Currently, the analyst consensus on Amag Pharmaceuticals is a Moderate Buy with an average price target of $10.67.
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The company has a one-year high of $13.53 and a one-year low of $6.81. Currently, Amag Pharmaceuticals has an average volume of 729.6K.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMAG in relation to earlier this year.
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AMAG Pharmaceuticals, Inc. is a biopharmaceutical company, which focuses on the research, development, and commercialization of a therapeutic iron compound to treat iron deficiency anemia. The firm focuses on the development and commercialization of Feraheme injection for intravenous use to treat iron deficiency anemia.
