Ladenburg Thalmann & Co. Sticks to Their Buy Rating for Marinus (MRNS)
In a report released today, Michael Higgins from Ladenburg Thalmann & Co. reiterated a Buy rating on Marinus (MRNS), with a price target of $5.00. The company’s shares closed last Monday at $1.64, close to its 52-week low of $0.77.
According to TipRanks.com, Higgins is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.2% and a 31.8% success rate. Higgins covers the Healthcare sector, focusing on stocks such as Armata Pharmaceuticals Inc, Rhythm Pharmaceuticals Inc, and Achieve Life Sciences Inc.
Currently, the analyst consensus on Marinus is a Strong Buy with an average price target of $4.00.
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Based on Marinus’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $12.42 million. In comparison, last year the company had a GAAP net loss of $9.5 million.
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Marinus Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the identification and development of neuropsychiatric therapeutics. Its clinical stage drug product candidate, ganaxolone, is a positive allosteric modulator being developed in three different dose forms: intravenous, capsule, and liquid.