ACADIA Pharmaceuticals (ACAD) Receives a Hold from Berenberg Bank

In a report released today, Esther Hong from Berenberg Bank maintained a Hold rating on ACADIA Pharmaceuticals (ACADResearch Report), with a price target of $26.00. The company’s shares closed last Wednesday at $25.77.

According to TipRanks.com, Hong has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -24.1% and a 17.1% success rate. Hong covers the Healthcare sector, focusing on stocks such as Aldeyra Therapeutics, Axsome Therapeutics, and Spero Therapeutics.

ACADIA Pharmaceuticals has an analyst consensus of Moderate Buy, with a price target consensus of $29.77, a 24.6% upside from current levels. In a report issued on February 25, Needham also maintained a Hold rating on the stock.

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The company has a one-year high of $49.23 and a one-year low of $15.68. Currently, ACADIA Pharmaceuticals has an average volume of 1.58M.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ACAD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ACADIA Pharmaceuticals, Inc. operates as a biopharmaceutical company focused on the development and commercialization of medicines to address unmet medical needs in central nervous system, or CNS, disorders. The firms product include Nuplazid, which is used for the treatment of hallucinations and delusions associated with Parkinson’s disease psychosis. The company was founded by Mark R. Brann on July 16, 1993 and is headquartered in San Diego, CA.

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