Shares of Marinus Pharmaceuticals Inc (NASDAQ:MRNS) were up 0% on Thursday . The company traded as high as $4.18 and last traded at $4.15. Approximately 304,783 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 1,200,137 shares. The stock had previously closed at $4.15.
A number of analysts recently weighed in on MRNS shares. Laidlaw started coverage on shares of Marinus Pharmaceuticals in a report on Thursday, December 14th. They issued a “buy” rating and a $18.00 price objective on the stock. BidaskClub raised shares of Marinus Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. HC Wainwright started coverage on shares of Marinus Pharmaceuticals in a report on Thursday, February 15th. They issued a “buy” rating and a $33.00 price objective on the stock. Finally, Mizuho started coverage on shares of Marinus Pharmaceuticals in a report on Monday, March 19th. They issued a “buy” rating and a $13.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Marinus Pharmaceuticals has an average rating of “Buy” and an average price target of $18.75.
Marinus Pharmaceuticals (NASDAQ:MRNS) last released its quarterly earnings data on Tuesday, March 6th. The biopharmaceutical company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.07).
A number of institutional investors have recently added to or reduced their stakes in MRNS. Perceptive Advisors LLC acquired a new position in Marinus Pharmaceuticals during the 3rd quarter valued at about $8,527,000. Jennison Associates LLC increased its stake in Marinus Pharmaceuticals by 67.8% during the 4th quarter. Jennison Associates LLC now owns 2,696,553 shares of the biopharmaceutical company’s stock valued at $22,004,000 after buying an additional 1,089,820 shares during the period. Ascend Capital LLC acquired a new position in Marinus Pharmaceuticals during the 4th quarter valued at about $8,264,000. Citadel Advisors LLC increased its stake in Marinus Pharmaceuticals by 1,889.2% during the 4th quarter. Citadel Advisors LLC now owns 1,022,113 shares of the biopharmaceutical company’s stock valued at $8,340,000 after buying an additional 970,730 shares during the period. Finally, 683 Capital Management LLC acquired a new position in Marinus Pharmaceuticals during the 4th quarter valued at about $4,488,000. 63.49% of the stock is currently owned by hedge funds and other institutional investors.
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Marinus Pharmaceuticals Company Profile
Marinus Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company focuses on developing and commercializing therapeutics to treat epilepsy and neuropsychiatric disorders. Its clinical-stage product candidate, ganaxolone, is a modulator being developed in various dose forms, including intravenous, oral capsule and oral liquid, intended to provide more treatment options to adult and pediatric patient populations in both acute and chronic care settings.
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