Supernus Pharmaceuticals (SUPN) Shares Gap Down to $46.01

Shares of Supernus Pharmaceuticals Inc (NASDAQ:SUPN) gapped down prior to trading on Thursday . The stock had previously closed at $52.02, but opened at $46.01. Supernus Pharmaceuticals shares last traded at $40.54, with a volume of 2278384 shares.

Several brokerages have recently issued reports on SUPN. Cantor Fitzgerald restated a “buy” rating and set a $56.00 target price on shares of Supernus Pharmaceuticals in a research report on Friday, September 14th. Mizuho began coverage on shares of Supernus Pharmaceuticals in a research report on Monday, September 17th. They set a “buy” rating and a $61.00 target price on the stock. BidaskClub upgraded shares of Supernus Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 30th. Cowen set a $55.00 target price on shares of Supernus Pharmaceuticals and gave the company a “buy” rating in a research report on Friday, November 30th. Finally, B. Riley decreased their target price on shares of Supernus Pharmaceuticals from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, November 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $56.89.

The company has a current ratio of 2.82, a quick ratio of 2.65 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.45 and a beta of 0.93.

Supernus Pharmaceuticals (NASDAQ:SUPN) last posted its quarterly earnings data on Tuesday, November 6th. The specialty pharmaceutical company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. Supernus Pharmaceuticals had a net margin of 25.89% and a return on equity of 30.30%. The company had revenue of $102.99 million for the quarter, compared to analyst estimates of $100.75 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, analysts anticipate that Supernus Pharmaceuticals Inc will post 1.87 EPS for the current year.

A number of institutional investors have recently bought and sold shares of SUPN. Glenmede Trust Co. NA grew its stake in Supernus Pharmaceuticals by 3.2% in the 2nd quarter. Glenmede Trust Co. NA now owns 652,806 shares of the specialty pharmaceutical company’s stock worth $39,070,000 after acquiring an additional 20,012 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Supernus Pharmaceuticals by 28.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,860 shares of the specialty pharmaceutical company’s stock worth $698,000 after acquiring an additional 3,039 shares in the last quarter. Icon Advisers Inc. Co. bought a new position in Supernus Pharmaceuticals in the 3rd quarter worth about $3,877,000. Oppenheimer Asset Management Inc. grew its stake in Supernus Pharmaceuticals by 9.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 14,813 shares of the specialty pharmaceutical company’s stock worth $746,000 after acquiring an additional 1,251 shares in the last quarter. Finally, Cynosure Advisors LLC grew its stake in Supernus Pharmaceuticals by 55.0% in the 2nd quarter. Cynosure Advisors LLC now owns 8,260 shares of the specialty pharmaceutical company’s stock worth $494,000 after acquiring an additional 2,930 shares in the last quarter. 97.52% of the stock is currently owned by institutional investors.

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About Supernus Pharmaceuticals (NASDAQ:SUPN)

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.

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