Oppenheimer Sticks to Their Buy Rating for Marinus (MRNS)
In a report released today, Jay Olson from Oppenheimer maintained a Buy rating on Marinus (MRNS), with a price target of $7.00. The company’s shares closed last Monday at $2.11.
According to TipRanks.com, Olson is ranked 0 out of 5 stars with an average return of -4.0% and a 42.4% success rate. Olson covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals, Madrigal Pharmaceuticals, and ACADIA Pharmaceuticals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marinus with a $6.83 average price target.
See today’s analyst top recommended stocks >>
Based on Marinus’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $15.68 million. In comparison, last year the company had a GAAP net loss of $12.42 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on MRNS: