AMAG Pharmaceuticals, Inc. (AMAG) Receives Hold Rating from Cowen and Company
AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG)‘s stock had its “hold” rating restated by Cowen and Company in a research report issued to clients and investors on Thursday.
Other analysts have also issued reports about the company. ValuEngine lowered AMAG Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. BidaskClub upgraded AMAG Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Citigroup Inc. lowered their price objective on AMAG Pharmaceuticals to $24.00 and set a “hold” rating for the company in a research report on Friday, July 7th. Barclays PLC reiterated a “hold” rating and issued a $25.00 price objective on shares of AMAG Pharmaceuticals in a research report on Monday, May 15th. Finally, Zacks Investment Research lowered AMAG Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. AMAG Pharmaceuticals currently has a consensus rating of “Hold” and an average price target of $28.09.
Shares of AMAG Pharmaceuticals (NASDAQ:AMAG) opened at 17.50 on Thursday. The firm has a 50-day moving average of $19.12 and a 200-day moving average of $20.89. The firm’s market capitalization is $613.29 million. AMAG Pharmaceuticals has a one year low of $16.00 and a one year high of $36.83.
AMAG Pharmaceuticals (NASDAQ:AMAG) last announced its quarterly earnings data on Thursday, August 3rd. The specialty pharmaceutical company reported ($0.40) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.18. The firm had revenue of $158.39 million during the quarter, compared to analyst estimates of $158.83 million. AMAG Pharmaceuticals had a negative return on equity of 4.81% and a negative net margin of 7.58%. The company’s revenue was up 24.3% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. On average, equities analysts predict that AMAG Pharmaceuticals will post ($0.41) earnings per share for the current fiscal year.
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In other AMAG Pharmaceuticals news, SVP Julie Krop sold 4,938 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $20.00, for a total transaction of $98,760.00. Following the transaction, the senior vice president now owns 28,336 shares in the company, valued at $566,720. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of AMAG. BlackRock Inc. boosted its position in shares of AMAG Pharmaceuticals by 67,790.9% in the first quarter. BlackRock Inc. now owns 4,995,412 shares of the specialty pharmaceutical company’s stock worth $112,647,000 after buying an additional 4,988,054 shares during the period. Acadian Asset Management LLC boosted its position in AMAG Pharmaceuticals by 777.8% in the first quarter. Acadian Asset Management LLC now owns 1,226,690 shares of the specialty pharmaceutical company’s stock valued at $27,659,000 after buying an additional 1,086,937 shares during the period. State Street Corp boosted its position in AMAG Pharmaceuticals by 75.2% in the first quarter. State Street Corp now owns 2,522,059 shares of the specialty pharmaceutical company’s stock valued at $56,876,000 after buying an additional 1,082,366 shares during the period. Dimensional Fund Advisors LP boosted its position in AMAG Pharmaceuticals by 152.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,025,673 shares of the specialty pharmaceutical company’s stock valued at $23,129,000 after buying an additional 619,370 shares during the period. Finally, Perceptive Advisors LLC boosted its position in AMAG Pharmaceuticals by 2,768.3% in the first quarter. Perceptive Advisors LLC now owns 560,000 shares of the specialty pharmaceutical company’s stock valued at $12,628,000 after buying an additional 540,476 shares during the period.
About AMAG Pharmaceuticals
AMAG Pharmaceuticals, Inc is a pharmaceutical company. The Company’s segment is the manufacture, development and commercialization of products and services for use in treating various conditions, with a focus on maternal health, anemia management and cancer supportive care. Its offerings focus on maternal health, anemia management and cancer supportive care, including its product, Makena (hydroxyprogesterone caproate injection); services related to the collection, processing and storage of umbilical cord blood stem cell and cord tissue units operated through Cord Blood Registry (CBR); its product, Feraheme (ferumoxytol), for intravenous (IV) use, and MuGard Mucoadhesive Oral Wound Rinse.
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