Supernus Pharmaceuticals (SUPN) Upgraded by BidaskClub to Strong-Buy

BidaskClub upgraded shares of Supernus Pharmaceuticals (NASDAQ:SUPN) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded Supernus Pharmaceuticals from a hold rating to a buy rating and set a $46.00 target price on the stock in a research report on Wednesday, January 10th. B. Riley increased their target price on Supernus Pharmaceuticals from $50.00 to $54.00 and gave the company a buy rating in a research report on Thursday, December 28th. 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 research report on Monday, December 4th. ValuEngine upgraded Supernus Pharmaceuticals from a hold rating to a buy rating in a research report on Thursday, March 1st. Finally, Berenberg Bank initiated coverage on Supernus Pharmaceuticals in a research report on Thursday, February 1st. They set a buy rating and a $66.00 target price on the stock. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Supernus Pharmaceuticals currently has an average rating of Buy and an average price target of $51.36.

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SUPN stock opened at $44.45 on Wednesday. Supernus Pharmaceuticals has a 52-week low of $28.46 and a 52-week high of $50.04. The stock has a market capitalization of $2,270.21, a P/E ratio of 41.93 and a beta of 1.07.

Supernus Pharmaceuticals (NASDAQ:SUPN) last announced its earnings results on Tuesday, February 27th. The specialty pharmaceutical company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. Supernus Pharmaceuticals had a return on equity of 28.07% and a net margin of 18.95%. The firm had revenue of $88.44 million for the quarter, compared to analyst estimates of $87.84 million. analysts expect that Supernus Pharmaceuticals will post 1.87 earnings per share for the current year.

In related news, VP Victor Vaughn sold 15,000 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 24,344 shares of the company’s stock, valued at approximately $1,023,421.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory S. Patrick sold 50,000 shares of the stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $43.56, for a total value of $2,178,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,750 shares of company stock valued at $7,133,973. 6.70% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SUPN. Nationwide Fund Advisors raised its stake in Supernus Pharmaceuticals by 240.1% in the 3rd quarter. Nationwide Fund Advisors now owns 242,691 shares of the specialty pharmaceutical company’s stock valued at $9,708,000 after purchasing an additional 171,341 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Supernus Pharmaceuticals in the 3rd quarter worth $2,255,000. BNP Paribas Arbitrage SA increased its stake in shares of Supernus Pharmaceuticals by 73.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 26,072 shares of the specialty pharmaceutical company’s stock worth $1,043,000 after acquiring an additional 11,038 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Supernus Pharmaceuticals by 61.3% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 19,080 shares of the specialty pharmaceutical company’s stock worth $763,000 after acquiring an additional 7,250 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Supernus Pharmaceuticals in the 3rd quarter worth $522,000. 96.21% of the stock is owned by hedge funds and other institutional investors.

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Supernus Pharmaceuticals Company Profile

Supernus Pharmaceuticals, Inc, a specialty pharmaceutical company, focuses on the development and commercialization of products for the treatment of central nervous system diseases in the United States. It offers Oxtellar XR, an extended-release oxcarbazepine for use in the treatment of epilepsy; and Trokendi XR, an extended-release topiramate, which is used for the treatment of epilepsy.

Analyst Recommendations for Supernus Pharmaceuticals (NASDAQ:SUPN)

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