News articles about ACADIA Pharmaceuticals (NASDAQ:ACAD) have been trending positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ACADIA Pharmaceuticals earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned media headlines about the biopharmaceutical company an impact score of 45.9472463355551 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- $29.03 Million in Sales Expected for ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) This Quarter (americanbankingnews.com)
- ACADIA Pharmaceuticals Inc. (ACAD) Upgraded to Buy at Zacks Investment Research (americanbankingnews.com)
- ACADIA Pharmaceuticals Inc. (ACAD) EVP Sells $499,551.36 in Stock (americanbankingnews.com)
- ACADIA Pharmaceuticals Inc (ACAD) Shares Moving On Volume – Sparta Review (spartareview.com)
- Q3 2017 EPS Estimates for ACADIA Pharmaceuticals Inc. Raised by Analyst (ACAD) (americanbankingnews.com)
Several equities analysts have commented on the company. Zacks Investment Research upgraded ACADIA Pharmaceuticals from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Friday. Piper Jaffray Companies set a $54.00 price target on ACADIA Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday. ValuEngine raised ACADIA Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Thursday. Cowen and Company reissued an “outperform” rating and issued a $46.00 price objective (up from $42.00) on shares of ACADIA Pharmaceuticals in a research report on Thursday. Finally, HC Wainwright reissued a “buy” rating and issued a $60.00 price objective on shares of ACADIA Pharmaceuticals in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $43.23.
ACADIA Pharmaceuticals (ACAD) opened at 31.21 on Friday. The company has a 50-day moving average price of $29.35 and a 200 day moving average price of $32.02. ACADIA Pharmaceuticals has a 12 month low of $20.68 and a 12 month high of $40.83. The company’s market capitalization is $3.81 billion.
ACADIA Pharmaceuticals (NASDAQ:ACAD) last posted its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.55) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.17. The business had revenue of $30.50 million for the quarter, compared to analyst estimates of $20.02 million. ACADIA Pharmaceuticals had a negative return on equity of 62.08% and a negative net margin of 485.14%. The firm’s revenue was up 30400.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.63) EPS. On average, equities research analysts forecast that ACADIA Pharmaceuticals will post ($2.58) EPS for the current fiscal year.
In other ACADIA Pharmaceuticals news, EVP Glenn Baity sold 38,097 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $30.00, for a total value of $1,142,910.00. Following the transaction, the executive vice president now directly owns 109,253 shares of the company’s stock, valued at approximately $3,277,590. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 54,322 shares of company stock worth $1,699,551. Insiders own 22.25% of the company’s stock.
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About ACADIA Pharmaceuticals
ACADIA Pharmaceuticals Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of medicines for central nervous system (CNS) disorders. Its lead drug candidate, NUPLAZID (pimavanserin), is used for the treatment of hallucinations and delusions associated with Parkinson’s disease psychosis (PD Psychosis).
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