Royal Bank of Canada reaffirmed their outperform rating on shares of NewAmsterdam Pharma (NASDAQ:NAMS – Free Report) in a report published on Tuesday morning, Benzinga reports. They currently have a $31.00 price objective on the stock.
Separately, TD Cowen started coverage on shares of NewAmsterdam Pharma in a research note on Wednesday, May 15th. They issued a buy rating on the stock. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of $33.25.
Check Out Our Latest Stock Analysis on NewAmsterdam Pharma
NewAmsterdam Pharma Stock Performance
NewAmsterdam Pharma (NASDAQ:NAMS – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.08). The company had revenue of $1.40 million for the quarter, compared to analyst estimates of $2.95 million. As a group, equities research analysts predict that NewAmsterdam Pharma will post -2.24 EPS for the current fiscal year.
Insider Buying and Selling at NewAmsterdam Pharma
In other NewAmsterdam Pharma news, CEO Michael H. Davidson purchased 5,000 shares of NewAmsterdam Pharma stock in a transaction dated Thursday, June 20th. The shares were bought at an average cost of $17.26 per share, for a total transaction of $86,300.00. Following the transaction, the chief executive officer now owns 204,784 shares in the company, valued at approximately $3,534,571.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 19.50% of the stock is owned by insiders.
Institutional Trading of NewAmsterdam Pharma
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Banque Cantonale Vaudoise bought a new position in NewAmsterdam Pharma during the 2nd quarter worth $38,000. Wolverine Asset Management LLC increased its holdings in shares of NewAmsterdam Pharma by 197.2% in the 4th quarter. Wolverine Asset Management LLC now owns 8,694 shares of the company’s stock worth $97,000 after acquiring an additional 5,769 shares during the period. Rosalind Advisors Inc. bought a new stake in NewAmsterdam Pharma in the 2nd quarter valued at about $194,000. Yarbrough Capital LLC acquired a new position in NewAmsterdam Pharma during the 1st quarter valued at about $567,000. Finally, StemPoint Capital LP bought a new position in NewAmsterdam Pharma in the 1st quarter worth about $1,900,000. 89.89% of the stock is currently owned by institutional investors and hedge funds.
About NewAmsterdam Pharma
NewAmsterdam Pharma Company N.V., a late-stage biopharmaceutical company, develops therapies to enhance patient care in populations with metabolic disease. It is developing obicetrapib, an oral low-dose cholesteryl ester transfer protein (CETP) inhibitor, that is in various clinical trials as a monotherapy and a combination therapy with ezetimibe for lowering LDL-C for cardiovascular diseases.
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