<div id="readability-page-1"><p>NewAmsterdam Pharma Company N.V. (NASDAQ:NAMS - Get Free Report) rose 10.1% on Friday after Royal Bank Of Canada raised their price target on the stock from $38.00 to $39.00. Royal Bank Of Canada currently has an outperform rating on the stock. NewAmsterdam Pharma traded as high as $25.09 and last traded at $25.28. Approximately 596,445 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 868,590 shares. The stock had previously closed at $22.96.</p><p>Several other research analysts also recently issued reports on the stock. Needham &amp; Company LLC  restated a &#34;buy&#34; rating and set a $40.00 price objective on shares of NewAmsterdam Pharma in a report on Thursday, June 12th. Citigroup began coverage on shares of NewAmsterdam Pharma in a research note on Tuesday, June 17th. They issued a &#34;buy&#34; rating and a $42.00 price objective on the stock. Cantor Fitzgerald began coverage on shares of NewAmsterdam Pharma in a research note on Wednesday, June 4th. They set an &#34;overweight&#34; rating and a $42.00 target price on the stock. The Goldman Sachs Group began coverage on shares of NewAmsterdam Pharma in a research report on Thursday, July 17th. They set a &#34;neutral&#34; rating and a $27.00 target price for the company. Finally, Wall Street Zen raised shares of NewAmsterdam Pharma from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Saturday, July 5th. Two analysts have rated the stock with a hold rating and eight have issued  a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $41.20.</p><div><p><span></span><span>Get <strong>NewAmsterdam Pharma</strong> alerts:</span></p></div><p><b>Check Out Our Latest Report on NAMS</b></p><h2>Insider Buying and Selling</h2><p>In other news, Director James N. Topper acquired 8,584 shares of the company's stock in a transaction on Monday, June 16th. The stock was bought at an average cost of $19.50 per share, with a total value of $167,388.00. Following the completion of the purchase, the director directly owned 3,022,153 shares of the company's stock, valued at $58,931,983.50. This represents a 0.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at the SEC website. Also, COO Douglas F. Kling sold 100,000 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $19.29, for a total transaction of $1,929,000.00. Following the completion of the sale, the chief operating officer owned 44,000 shares of the company's stock, valued at $848,760. This trade represents a 69.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 12,364 shares of company stock valued at $236,839 and sold 198,612 shares valued at $4,025,887. 20.84% of the stock is currently owned by insiders. </p><h2>Institutional Investors Weigh In On NewAmsterdam Pharma</h2><p>Large investors have recently modified their holdings of the business. Deerfield Management Company L.P. Series C increased its stake in  NewAmsterdam Pharma by 378.4% during the 4th quarter. Deerfield Management Company L.P. Series C now owns 4,314,340 shares of the company's stock worth $110,879,000 after buying an additional 3,412,590 shares during the period.  Frazier Life Sciences Management L.P. raised its holdings in shares of  NewAmsterdam Pharma by 23.8% in the fourth quarter. Frazier Life Sciences Management L.P. now owns 15,916,418 shares of the company's stock valued at $409,052,000 after buying an additional 3,061,224 shares during the last quarter.  Wellington Management Group LLP lifted its stake in shares of  NewAmsterdam Pharma by 2,410.4% in the 4th quarter. Wellington Management Group LLP now owns 2,315,123 shares of the company's stock worth $59,499,000 after acquiring an additional 2,222,900 shares during the period.  Capital International Investors acquired a new stake in shares of  NewAmsterdam Pharma in the 4th quarter valued at approximately $53,007,000.  Finally, RA Capital Management L.P. grew its stake in shares of  NewAmsterdam Pharma by 14.6% during the 1st quarter. RA Capital Management L.P. now owns 10,138,938 shares of the company's stock worth $207,544,000 after purchasing an additional 1,293,938 shares during the period. Hedge funds and other institutional investors own  89.89% of the company's stock. </p><h2>NewAmsterdam Pharma Trading Up 11.5%</h2><p>The firm has a market capitalization of $2.88 billion, a PE ratio of -15.61 and a beta of -0.02. The stock's 50 day moving average price is $20.58 and its two-hundred day moving average price is $20.01. </p><p>NewAmsterdam Pharma (NASDAQ:NAMS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.52) by $0.37. The company had revenue of $19.15 million for the quarter, compared to analyst estimates of $1.44 million. NewAmsterdam Pharma had a negative return on equity of 28.78% and a negative net margin of 259.07%.  Analysts expect that  NewAmsterdam Pharma Company N.V. will post -1.75 earnings per share for the current year. </p><h2>NewAmsterdam Pharma Company Profile</h2> (Get Free Report)<p>NewAmsterdam Pharma Company N.V., a late-stage biopharmaceutical company, develops therapies to enhance patient care in populations with metabolic disease. It is developing obicetrapib, an oral low-dose cholesteryl ester transfer protein (CETP) inhibitor, that is in various clinical trials as a monotherapy and a combination therapy with ezetimibe for lowering LDL-C for cardiovascular diseases.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than NewAmsterdam Pharma</li><li>There Are Different Types of Stock To Invest In</li><li>Why Axon's 16% Surge Signals a New Era in Public Safety Tech</li><li>The 3 Best Blue-Chip Stocks to Buy Now</li><li>DraftKings Posts Record Quarter, Eyes Profitability</li><li>Trading Stocks: RSI and Why it's Useful</li><li>Amazon Takes an Equity Stake in IonQ—Any Upside Potential?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in NewAmsterdam Pharma Right Now?</h2><p>Before you consider NewAmsterdam Pharma, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NewAmsterdam Pharma wasn't on the list.</p><p>While NewAmsterdam Pharma currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

NAMS

<p>NewAmsterdam Pharma (NASDAQ:NAMS) shares rose 10.1% after Royal Bank of Canada upgraded its price target from $38 to $39, maintaining an outperform rating. The stock traded at $25.28, with a 31% decline in trading volume. Other analysts also issued positive ratings, with a consensus target price of $41.20. Insider trading included a director buying shares and a COO selling a significant amount. Institutional investors hold 89.89% of the stock, and the company reported a quarterly EPS of ($0.15), beating estimates.</p>

NewAmsterdam Pharma (NASDAQ:NAMS) Trading 10.1% Higher Following Analyst Upgrade