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

Anteris Technologies Global Corp. (NASDAQ:AVR) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.00.

A number of research firms recently issued reports on AVR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Wall Street Zen upgraded Anteris Technologies Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research report on Friday, March 27th. Finally, Barclays raised their price target on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th.

Anteris Technologies Global Trading Up 3.0%

Shares of AVR stock traded up $0.28 during trading hours on Friday, hitting $9.77. 695,045 shares of the company were exchanged, compared to its average volume of 1,427,908. The business has a 50 day moving average of $8.88 and a two-hundred day moving average of $6.80. Anteris Technologies Global has a 52 week low of $2.85 and a 52 week high of $11.06. The company has a market capitalization of $951.01 million, a PE ratio of -4.38 and a beta of 1.65.

Anteris Technologies Global (NASDAQ:AVR) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Anteris Technologies Global had a negative net margin of 5,148.78% and a negative return on equity of 124.76%. The company had revenue of $0.49 million during the quarter, compared to the consensus estimate of $0.77 million. During the same period in the prior year, the firm posted ($0.61) earnings per share. On average, research analysts forecast that Anteris Technologies Global will post -1.14 EPS for the current year.

Insider Transactions at Anteris Technologies Global

In other Anteris Technologies Global news, Director Susan Elizabeth Knight purchased 11,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of $9.29 per share, with a total value of $102,190.00. Following the transaction, the director directly owned 11,000 shares of the company’s stock, valued at $102,190. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Anteris Technologies Global

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in Anteris Technologies Global by 32.7% during the third quarter. JPMorgan Chase & Co. now owns 1,417,627 shares of the company’s stock valued at $6,379,000 after purchasing an additional 349,299 shares during the last quarter. Capricorn Fund Managers Ltd acquired a new position in shares of Anteris Technologies Global during the 1st quarter worth approximately $2,778,000. UBS Group AG raised its stake in shares of Anteris Technologies Global by 133.3% during the 4th quarter. UBS Group AG now owns 515,725 shares of the company’s stock worth $2,573,000 after purchasing an additional 294,695 shares in the last quarter. Anson Funds Management LP acquired a new stake in shares of Anteris Technologies Global in the 1st quarter valued at approximately $1,126,000. Finally, ADAR1 Capital Management LLC grew its stake in shares of Anteris Technologies Global by 205.9% in the first quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company’s stock valued at $21,030,000 after buying an additional 2,550,355 shares in the last quarter.

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.