Anteris Technologies Global Corp. (NASDAQ:AVR) Receives Average Rating of “Moderate Buy” from Analysts

by · The Markets Daily

Shares of Anteris Technologies Global Corp. (NASDAQ:AVR – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.00.

A number of brokerages recently issued reports on AVR. Wall Street Zen raised Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research report on Friday, March 27th. Barclays lifted their price target on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company began coverage on shares of Anteris Technologies Global in a report on Wednesday, March 11th. They issued an “overweight” rating and a $16.00 price objective on the stock.

Check Out Our Latest Stock Analysis on AVR

Anteris Technologies Global Stock Performance

AVR opened at $9.42 on Tuesday. Anteris Technologies Global has a one year low of $2.85 and a one year high of $10.14. The stock has a market capitalization of $916.94 million, a PE ratio of -4.22 and a beta of 1.77. The business’s 50 day moving average price is $7.31 and its 200 day moving average price is $6.12.

Anteris Technologies Global (NASDAQ:AVR – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.The business had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.77 million. During the same quarter in the previous year, the company posted ($0.61) earnings per share. As a group, equities research analysts forecast that Anteris Technologies Global will post -1.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Susan Elizabeth Knight bought 11,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were bought at an average price of $9.29 per share, with a total value of $102,190.00. Following the completion of the transaction, the director directly owned 11,000 shares in the company, valued at $102,190. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in shares of Anteris Technologies Global by 76.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after buying an additional 2,841 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Anteris Technologies Global during the 1st quarter worth about $32,000. BNP Paribas Financial Markets boosted its holdings in Anteris Technologies Global by 83.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock valued at $43,000 after acquiring an additional 4,302 shares during the period. Bank of America Corp DE grew its position in Anteris Technologies Global by 35.7% in the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock valued at $48,000 after acquiring an additional 2,798 shares in the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new position in Anteris Technologies Global in the 4th quarter valued at about $54,000.

Anteris Technologies Global Company Profile

(Get Free Report)

Anteris Technologies Global Corp. engages in the development and commercialization of medical devices for heart diseases. The company was founded in 1999 and is headquartered in Eagan, MN.

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