Marinus (MRNS) Received its Third Buy in a Row
After Oppenheimer and H.C. Wainwright gave Marinus (NASDAQ: MRNS) a Buy rating last month, the company received another Buy, this time from Leerink Partners. Analyst Marc Goodman maintained a Buy rating on Marinus yesterday and set a price target of $8.00. The company’s shares closed last Tuesday at $3.20.
According to TipRanks.com, Goodman is a 4-star analyst with an average return of 4.2% and a 48.6% success rate. Goodman covers the Healthcare sector, focusing on stocks such as Intra-Cellular Therapies, Satsuma Pharmaceuticals, and ACADIA Pharmaceuticals.
Marinus has an analyst consensus of Strong Buy, with a price target consensus of $7.14, implying an 113.8% upside from current levels. In a report issued on September 7, Oppenheimer also maintained a Buy rating on the stock with a $6.00 price target.
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The company has a one-year high of $4.07 and a one-year low of $1.01. Currently, Marinus has an average volume of 4.39M.
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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. The company was founded by Geoffrey E. Chaiken, Harry H. Penner Jr., Vincent A. Pieribone and Kenneth R. Shaw on August 14, 2003 and is headquartered in Radnor, PA.
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