Anteris Technologies Global (NASDAQ:AVR) Coverage Initiated by Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Anteris Technologies Global (NASDAQ:AVR) in a research note published on Thursday, Marketbeat reports. The brokerage issued an overweight rating and a $15.00 price target on the stock.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Anteris Technologies Global in a research note on Monday, December 29th. Lake Street Capital reaffirmed a “buy” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research report on Friday, January 23rd. Finally, Wells Fargo & Company began coverage on Anteris Technologies Global in a report on Wednesday. They set an “overweight” rating and a $16.00 price target for the company. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.33.

Anteris Technologies Global Stock Performance

NASDAQ:AVR opened at $6.58 on Thursday. The company has a market capitalization of $271.10 million, a PE ratio of -2.57 and a beta of 1.15. The company has a 50 day simple moving average of $5.76 and a two-hundred day simple moving average of $4.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 0.73. Anteris Technologies Global has a fifty-two week low of $2.34 and a fifty-two week high of $7.41.

Anteris Technologies Global (NASDAQ:AVR) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.75) earnings per share (EPS) for the quarter. Anteris Technologies Global had a negative return on equity of 536.04% and a negative net margin of 4,921.27%.The firm had revenue of $0.31 million during the quarter. Research analysts anticipate that Anteris Technologies Global will post -2.66 earnings per share for the current year.

Insider Activity at Anteris Technologies Global

In related news, major shareholder L1 Capital Pty Ltd acquired 5,000,000 shares of the stock in a transaction dated Thursday, January 22nd. The stock was bought at an average price of $5.75 per share, for a total transaction of $28,750,000.00. Following the purchase, the insider directly owned 13,219,814 shares of the company’s stock, valued at $76,013,930.50. The trade was a 60.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG increased its stake in Anteris Technologies Global by 8.1% in the fourth quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock valued at $144,000 after purchasing an additional 2,171 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Anteris Technologies Global by 35.7% during the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after purchasing an additional 2,798 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Anteris Technologies Global by 76.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock worth $29,000 after purchasing an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Anteris Technologies Global by 35.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,744 shares of the company’s stock valued at $45,000 after buying an additional 3,055 shares during the period. Finally, Barclays PLC grew its stake in shares of Anteris Technologies Global by 3.0% in the 4th quarter. Barclays PLC now owns 148,128 shares of the company’s stock valued at $739,000 after buying an additional 4,289 shares during the period.

Anteris Technologies Global Company Profile

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.