Abeona Therapeutics Inc. (NASDAQ:ABEO)‘s stock had its “buy” rating reissued by Cantor Fitzgerald in a research note issued on Friday, October 6th. They currently have a $21.00 price objective on the biopharmaceutical company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 25.75% from the stock’s current price.
Other equities analysts have also issued reports about the company. HC Wainwright restated a “buy” rating and set a $20.00 price target on shares of Abeona Therapeutics in a research note on Monday, September 18th. Maxim Group set a $17.00 price target on Abeona Therapeutics and gave the company a “buy” rating in a research note on Wednesday, August 16th. BidaskClub lowered Abeona Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered Abeona Therapeutics from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC restated a “buy” rating and set a $22.00 price target on shares of Abeona Therapeutics in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Abeona Therapeutics currently has an average rating of “Buy” and an average price target of $22.56.
Shares of Abeona Therapeutics (NASDAQ ABEO) opened at 16.70 on Friday. The company’s 50-day moving average price is $15.53 and its 200 day moving average price is $8.77. The stock’s market cap is $672.79 million. Abeona Therapeutics has a 1-year low of $4.05 and a 1-year high of $22.75.
Abeona Therapeutics (NASDAQ:ABEO) last posted its quarterly earnings data on Tuesday, August 15th. The biopharmaceutical company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Abeona Therapeutics had a negative return on equity of 26.66% and a negative net margin of 2,746.38%. The business had revenue of $0.22 million during the quarter, compared to the consensus estimate of $0.21 million. Equities analysts forecast that Abeona Therapeutics will post ($0.70) EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in ABEO. Family Management Corp bought a new position in Abeona Therapeutics in the first quarter valued at approximately $120,000. State of Wisconsin Investment Board bought a new position in Abeona Therapeutics in the second quarter valued at approximately $122,000. Rhumbline Advisers bought a new position in Abeona Therapeutics in the second quarter valued at approximately $190,000. Bank of New York Mellon Corp increased its stake in Abeona Therapeutics by 125.8% in the first quarter. Bank of New York Mellon Corp now owns 41,929 shares of the biopharmaceutical company’s stock valued at $210,000 after acquiring an additional 23,358 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new position in Abeona Therapeutics in the second quarter valued at approximately $264,000. 38.38% of the stock is currently owned by institutional investors and hedge funds.
About Abeona Therapeutics
Abeona Therapeutics Inc is a clinical-stage biopharmaceutical company developing novel gene therapies for life-threatening rare genetic diseases. The Company’s lead programs include ABO-102 (AAV-SGSH), an adeno-associated virus (AAV) based gene therapy for Sanfilippo syndrome type A (MPS IIIA) and EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB).
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