Marinus (MRNS) Receives a Buy from Oppenheimer

By Ryan Adsit

In a report released yesterday, Jay Olson from Oppenheimer maintained a Buy rating on Marinus (MRNSResearch Report), with a price target of $6.00. The company’s shares closed last Friday at $1.84.

According to, Olson has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.8% and a 39.1% 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 $6.50 average price target.

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Based on Marinus’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $15.68 million. In comparison, last year the company had a GAAP net loss of $12.42 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.