Amarin (AMRN) Receiving Somewhat Favorable News Coverage, Report Finds

Press coverage about Amarin (NASDAQ:AMRN) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Amarin earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the biopharmaceutical company an impact score of 47.097908247349 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Several brokerages recently weighed in on AMRN. Cantor Fitzgerald set a $10.00 price objective on shares of Amarin and gave the stock a “buy” rating in a research note on Wednesday, December 6th. ValuEngine upgraded shares of Amarin from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. BidaskClub lowered shares of Amarin from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. HC Wainwright restated a “buy” rating on shares of Amarin in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded shares of Amarin from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $7.75.

AMRN stock traded up $0.02 during midday trading on Friday, hitting $3.01. The stock had a trading volume of 2,314,069 shares, compared to its average volume of 1,907,932. The firm has a market cap of $879.88, a price-to-earnings ratio of -12.04 and a beta of 0.57. The company has a quick ratio of 1.13, a current ratio of 1.41 and a debt-to-equity ratio of -1.12. Amarin has a 1-year low of $2.85 and a 1-year high of $4.60.

Amarin (NASDAQ:AMRN) last released its earnings results on Tuesday, February 27th. The biopharmaceutical company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The company had revenue of $53.87 million for the quarter, compared to analyst estimates of $52.73 million. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) EPS. research analysts expect that Amarin will post -0.33 earnings per share for the current year.

In other news, insider Steven B. Ketchum sold 135,205 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $4.41, for a total transaction of $596,254.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steven B. Ketchum sold 128,257 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $4.25, for a total transaction of $545,092.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 426,720 shares of company stock worth $1,814,296. 3.72% of the stock is owned by company insiders.

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About Amarin

Amarin Corporation plc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States. The company's lead product is Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia.

Insider Buying and Selling by Quarter for Amarin (NASDAQ:AMRN)

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