In a report released on August 11, Brian Skorney from Robert W. Baird assigned a Buy rating to Marinus (MRNS – Research Report), with a price target of $32.00. The company’s shares closed yesterday at $5.68.
According to TipRanks, Skorney is an analyst with an average return of -4.1% and a 46.53% success rate. Skorney covers the Healthcare sector, focusing on stocks such as Sarepta Therapeutics, Biogen, and Neurocrine.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marinus with a $24.50 average price target, which is a 331.34% upside from current levels. In a report released on August 12, Ladenburg Thalmann & Co. also maintained a Buy rating on the stock with a $17.00 price target.
Based on Marinus’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.79 million and a GAAP net loss of $39.43 million. In comparison, last year the company earned a revenue of $1.91 million and had a GAAP net loss of $23.82 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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