Supernus Pharmaceuticals (NASDAQ:SUPN) had its price target upped by research analysts at B. Riley from $50.00 to $54.00 in a report released on Thursday, December 28th, MarketBeat reports. The brokerage currently has a “buy” rating on the specialty pharmaceutical company’s stock. B. Riley’s target price would indicate a potential upside of 20.67% from the stock’s previous close. B. Riley also issued estimates for Supernus Pharmaceuticals’ Q3 2018 earnings at $0.57 EPS.
A number of other research analysts have also commented on the company. Zacks Investment Research lowered Supernus Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 10th. FBR & Co started coverage on Supernus Pharmaceuticals in a research report on Thursday, October 19th. They set a “buy” rating and a $53.00 price target for the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $45.00 price target on shares of Supernus Pharmaceuticals in a research report on Friday, September 8th. Stifel Nicolaus upgraded Supernus Pharmaceuticals from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Tuesday, November 7th. Finally, Janney Montgomery Scott upgraded Supernus Pharmaceuticals from a “neutral” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $49.90.
Shares of Supernus Pharmaceuticals (NASDAQ SUPN) opened at $44.75 on Thursday. Supernus Pharmaceuticals has a 52 week low of $23.10 and a 52 week high of $50.04. The firm has a market capitalization of $2,290.00, a PE ratio of 40.68 and a beta of 1.17.
In related news, VP Victor Vaughn sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $42.04, for a total value of $630,600.00. Following the sale, the vice president now owns 24,344 shares in the company, valued at approximately $1,023,421.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of SUPN. Vanguard Group Inc. boosted its stake in Supernus Pharmaceuticals by 39.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,500,535 shares of the specialty pharmaceutical company’s stock valued at $150,873,000 after purchasing an additional 984,200 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Supernus Pharmaceuticals by 438.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 491,283 shares of the specialty pharmaceutical company’s stock valued at $19,651,000 after buying an additional 400,083 shares during the period. Scout Investments Inc. lifted its holdings in shares of Supernus Pharmaceuticals by 239.5% during the 3rd quarter. Scout Investments Inc. now owns 565,900 shares of the specialty pharmaceutical company’s stock valued at $22,636,000 after buying an additional 399,225 shares during the period. Janus Henderson Group PLC bought a new position in shares of Supernus Pharmaceuticals during the 3rd quarter valued at $10,646,000. Finally, Royal Bank of Canada lifted its holdings in shares of Supernus Pharmaceuticals by 790.8% during the 2nd quarter. Royal Bank of Canada now owns 271,451 shares of the specialty pharmaceutical company’s stock valued at $11,699,000 after buying an additional 240,978 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.
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About Supernus Pharmaceuticals
Supernus Pharmaceuticals, Inc is a pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system diseases. The Company offers Oxtellar XR (extended-release oxcarbazepine) and Trokendi XR (extended-release topiramate), its two treatments for patients with epilepsy.
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