Neos Therapeutics (NEOS) Shares Down 8.2%

Neos Therapeutics Inc (NASDAQ:NEOS) shares traded down 8.2% during trading on Thursday . The stock traded as low as $2.56 and last traded at $2.58. 750,560 shares traded hands during mid-day trading, an increase of 137% from the average session volume of 316,458 shares. The stock had previously closed at $2.81.

Several research analysts recently commented on the company. ValuEngine upgraded Neos Therapeutics from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 12th. Zacks Investment Research upgraded Neos Therapeutics from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th. Cantor Fitzgerald reiterated a “buy” rating and issued a $20.00 price target on shares of Neos Therapeutics in a research report on Wednesday, August 8th. Finally, Wells Fargo & Co dropped their price target on Neos Therapeutics from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 9th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.50.

The stock has a market capitalization of $77.15 million, a P/E ratio of -0.96 and a beta of 0.44.

Neos Therapeutics (NASDAQ:NEOS) last released its quarterly earnings results on Wednesday, August 8th. The company reported ($0.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.08). Neos Therapeutics had a negative return on equity of 586.25% and a negative net margin of 164.40%. The company had revenue of $11.36 million during the quarter, compared to analysts’ expectations of $11.90 million. On average, equities analysts predict that Neos Therapeutics Inc will post -1.75 earnings per share for the current year.

In other Neos Therapeutics news, Director Alan L. Heller bought 43,478 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was acquired at an average price of $2.30 per share, for a total transaction of $99,999.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in shares of Neos Therapeutics by 162.5% during the third quarter. JPMorgan Chase & Co. now owns 267,417 shares of the company’s stock valued at $1,297,000 after acquiring an additional 165,555 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Neos Therapeutics by 22.1% during the third quarter. Essex Investment Management Co. LLC now owns 285,716 shares of the company’s stock valued at $1,386,000 after acquiring an additional 51,744 shares in the last quarter. Northern Trust Corp raised its stake in shares of Neos Therapeutics by 10.7% during the second quarter. Northern Trust Corp now owns 294,678 shares of the company’s stock valued at $1,842,000 after acquiring an additional 28,378 shares in the last quarter. Millennium Management LLC raised its stake in shares of Neos Therapeutics by 171.9% during the second quarter. Millennium Management LLC now owns 170,045 shares of the company’s stock valued at $1,063,000 after acquiring an additional 107,515 shares in the last quarter. Finally, Nexthera Capital LP bought a new stake in shares of Neos Therapeutics during the second quarter valued at approximately $2,369,000. Institutional investors and hedge funds own 46.88% of the company’s stock.

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Neos Therapeutics Company Profile (NASDAQ:NEOS)

Neos Therapeutics, Inc, a pharmaceutical company, develops, manufactures, and commercializes products for the treatment of attention deficit hyperactivity disorder (ADHD) using its drug delivery technology platform. Its product candidates are extended-release (XR) medications in orally disintegrating tablets or liquid suspension dosage forms.

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