Oppenheimer Reaffirms Their Buy Rating on Marinus (MRNS)

Oppenheimer analyst Jay Olson maintained a Buy rating on Marinus (MRNSResearch Report) yesterday and set a price target of $6.00. The company’s shares closed last Tuesday at $2.54.

According to TipRanks.com, Olson ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -8.2% and a 39.0% success rate. Olson covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals, Madrigal Pharmaceuticals, and ACADIA Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marinus with a $5.50 average price target, an 117.4% upside from current levels. In a report issued on June 29, H.C. Wainwright also reiterated a Buy rating on the stock with a $6.00 price target.

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The company has a one-year high of $4.83 and a one-year low of $0.77. Currently, Marinus has an average volume of 1.05M.

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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.