Anteris Technologies Global (NASDAQ:AVR) Shares Up 12.6% on Insider Buying Activity

Anteris Technologies Global Corp. (NASDAQ:AVR) shares shot up 12.6% on Thursday following insider buying activity. The stock traded as high as $9.71 and last traded at $10.0750. 176,960 shares were traded during mid-day trading, a decline of 84% from the average session volume of 1,133,399 shares. The stock had previously closed at $8.95.

Specifically, Director Susan Elizabeth Knight acquired 11,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of $9.29 per share, with a total value of $102,190.00. Following the completion of the acquisition, the director owned 11,000 shares of the company’s stock, valued at approximately $102,190. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Analyst Ratings Changes

A number of research firms have weighed in on AVR. Wall Street Zen raised shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Barclays lifted their price objective on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $15.00 target price on shares of Anteris Technologies Global in a research report on Friday, March 27th. Wells Fargo & Company assumed coverage on shares of Anteris Technologies Global in a research report on Wednesday, March 11th. They issued an “overweight” rating and a $16.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Anteris Technologies Global Stock Down 0.1%

The stock has a market capitalization of $938.36 million, a price-to-earnings ratio of -4.32 and a beta of 1.78. The business’s 50-day moving average is $6.83 and its two-hundred day moving average is $5.86.

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

Hedge Funds Weigh In On Anteris Technologies Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Perceptive Advisors LLC boosted its position in Anteris Technologies Global by 104.4% during the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company’s stock worth $19,011,000 after acquiring an additional 1,750,000 shares during the last quarter. Avidity Partners Management LP acquired a new position in Anteris Technologies Global during the first quarter worth about $832,000. Bank of America Corp DE boosted its position in Anteris Technologies Global by 12.6% during the first quarter. Bank of America Corp DE now owns 68,755 shares of the company’s stock worth $382,000 after acquiring an additional 7,688 shares during the last quarter. Anson Funds Management LP acquired a new position in Anteris Technologies Global during the first quarter worth about $1,126,000. Finally, ADAR1 Capital Management LLC boosted its position in Anteris Technologies Global by 205.9% during the first quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company’s stock worth $21,030,000 after acquiring an additional 2,550,355 shares during the last quarter.

About Anteris Technologies Global

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.