Momenta Pharmaceuticals (MNTA) Upgraded to Buy by ValuEngine

ValuEngine upgraded shares of Momenta Pharmaceuticals (NASDAQ:MNTA) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

A number of other equities research analysts have also issued reports on the company. BidaskClub lowered Momenta Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, March 27th. Stifel Nicolaus raised Momenta Pharmaceuticals from a hold rating to a buy rating and raised their price target for the stock from $18.00 to $21.00 in a research note on Thursday, February 22nd. Finally, Zacks Investment Research raised Momenta Pharmaceuticals from a sell rating to a hold rating in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $15.33.

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Shares of Momenta Pharmaceuticals stock opened at $17.50 on Tuesday. The company has a market capitalization of $1,379.61, a PE ratio of -14.58 and a beta of 1.64. Momenta Pharmaceuticals has a one year low of $11.85 and a one year high of $19.25.

Momenta Pharmaceuticals (NASDAQ:MNTA) last issued its quarterly earnings results on Wednesday, February 21st. The biotechnology company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.12. Momenta Pharmaceuticals had a negative return on equity of 23.62% and a negative net margin of 63.43%. The firm had revenue of $64.60 million during the quarter, compared to analyst estimates of $66.59 million. During the same period last year, the company earned $0.60 EPS. Momenta Pharmaceuticals’s quarterly revenue was up 88.9% compared to the same quarter last year. research analysts forecast that Momenta Pharmaceuticals will post -1.27 earnings per share for the current year.

In other Momenta Pharmaceuticals news, Director Elizabeth Stoner sold 16,264 shares of Momenta Pharmaceuticals stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $18.00, for a total transaction of $292,752.00. Following the completion of the sale, the director now directly owns 32,440 shares of the company’s stock, valued at approximately $583,920. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Bruce Leicher sold 1,861 shares of Momenta Pharmaceuticals stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $16.00, for a total value of $29,776.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,836 shares of company stock valued at $1,158,448. 4.40% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MNTA. LS Investment Advisors LLC raised its position in Momenta Pharmaceuticals by 59.8% during the 4th quarter. LS Investment Advisors LLC now owns 9,300 shares of the biotechnology company’s stock valued at $130,000 after purchasing an additional 3,479 shares in the last quarter. Amalgamated Bank bought a new stake in Momenta Pharmaceuticals during the 4th quarter valued at $152,000. Landscape Capital Management L.L.C. bought a new stake in Momenta Pharmaceuticals during the 4th quarter valued at $159,000. Xact Kapitalforvaltning AB bought a new stake in Momenta Pharmaceuticals during the 4th quarter valued at $163,000. Finally, Sicart Associates LLC bought a new stake in Momenta Pharmaceuticals during the 4th quarter valued at $279,000. 97.64% of the stock is owned by institutional investors and hedge funds.

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About Momenta Pharmaceuticals

Momenta Pharmaceuticals, Inc, a biotechnology company, focuses on developing generic versions of complex drugs, biosimilars, and novel therapeutics for autoimmune diseases in the United States. The company's complex generics programs include Enoxaparin sodium injection, a generic version of Lovenox that is indicated for the prevention and treatment of deep vein thrombosis, as well as supports the treatment of acute coronary syndromes; GLATOPA, a generic version of once-daily COPAXONE for the treatment of patients with relapsing-remitting multiple sclerosis; and GLATOPA, a generic product candidate for three-times-weekly COPAXONE.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Momenta Pharmaceuticals (NASDAQ:MNTA)

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