JMP Securities Sticks to Its Buy Rating for Marinus (MRNS)

JMP Securities analyst Jason Butler reiterated a Buy rating on Marinus (MRNSResearch Report) today and set a price target of $22.00. The company’s shares closed today at $5.77.

According to TipRanks, Butler is an analyst with an average return of -3.9% and a 41.87% success rate. Butler covers the Healthcare sector, focusing on stocks such as Concert Pharma, Marinus, and Syros Pharmaceuticals.

Marinus has an analyst consensus of Strong Buy, with a price target consensus of $29.60.

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Based on Marinus’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $14.19 million and a GAAP net loss of $19.36 million. In comparison, last year the company earned a revenue of $1.81 million and had a GAAP net loss of $27.14 million

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Marinus Pharmaceuticals, Inc. is a biopharmaceutical company, which engages in the identification and development of neuropsychiatric therapeutics. Its clinical stage drug product candidate, ganaxolone, is a positive allosteric modulator being developed in three different dose forms: intravenous, capsule, and liquid. The company was founded by Geoffrey E. Chaiken, Harry H. Penner Jr., Vincent A. Pieribone and Kenneth R. Shaw on August 14, 2003 and is headquartered in Radnor, PA.

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