Needham analyst Serge Belanger maintained a Hold rating on Adamas Pharmaceuticals (ADMS) today. The company’s shares closed last Tuesday at $5.14.
According to TipRanks.com, Belanger is a 4-star analyst with an average return of 15.1% and a 54.4% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Collegium Pharmaceutical, KalVista Pharmaceuticals, and Zynerba Pharmaceuticals.
Adamas Pharmaceuticals has an analyst consensus of Strong Buy, with a price target consensus of $8.83.
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Based on Adamas Pharmaceuticals’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $20.18 million and GAAP net loss of $11.92 million. In comparison, last year the company earned revenue of $13.93 million and had a GAAP net loss of $27.58 million.
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Adamas Pharmaceuticals, Inc. engages in discovery and development of chrono-synchronous therapies for chronic neurologic disorders. Its products include GOCOVRI, ADS-5012, ADS-4101, and Namzaric. GOCOVRI is indicated for the treatment of dyskinesia in patients with Parkinson’s disease receiving levodopa-based therapy. ADS-5102 is a treatment for walking impairment in patients with multiple sclerosis. ADS-401 treats partial onset seizures in patients with epilepsy. Namzaric is a drug treatment for moderate to severe Alzheimer’s disease. The company was founded by Gregory T. Went on November 15, 2000 and is headquartered in Emeryville, CA.
