Anteris Technologies Global (NASDAQ:AVR) Trading Down 5.4% – Should You Sell?

Shares of Anteris Technologies Global Corp. (NASDAQ:AVR) traded down 5.4% during trading on Thursday . The company traded as low as $5.94 and last traded at $5.9480. 78,154 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 1,192,938 shares. The stock had previously closed at $6.29.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AVR. Wells Fargo & Company assumed coverage on shares of Anteris Technologies Global in a research report on Wednesday, March 11th. They set an “overweight” rating and a $16.00 target price on the stock. Lake Street Capital reissued a “buy” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research note on Friday, January 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $15.00 price objective on shares of Anteris Technologies Global in a report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Anteris Technologies Global in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Anteris Technologies Global currently has an average rating of “Moderate Buy” and a consensus target price of $15.33.

Anteris Technologies Global Price Performance

The company’s 50 day simple moving average is $5.87 and its 200 day simple moving average is $5.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $590.19 million, a P/E ratio of -2.37 and a beta of 1.58.

Anteris Technologies Global (NASDAQ:AVR) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.75) earnings per share 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 for the quarter. As a group, equities analysts forecast that Anteris Technologies Global Corp. will post -2.66 earnings per share for the current year.

Insider Buying and Selling

In other Anteris Technologies Global news, major shareholder L1 Capital Pty Ltd bought 5,000,000 shares of Anteris Technologies Global stock in a transaction on Thursday, January 22nd. The shares were purchased at an average cost of $5.75 per share, for a total transaction of $28,750,000.00. Following the completion of the acquisition, the insider owned 13,219,814 shares in the company, valued at approximately $76,013,930.50. The trade was a 60.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Anteris Technologies Global

Large investors have recently modified their holdings of the business. J. Derek Lewis & Associates Inc. bought a new position in shares of Anteris Technologies Global during the 4th quarter valued at about $70,000. ADAR1 Capital Management LLC increased its stake in Anteris Technologies Global by 526.9% during the 4th quarter. ADAR1 Capital Management LLC now owns 1,238,777 shares of the company’s stock worth $6,181,000 after purchasing an additional 1,041,162 shares in the last quarter. Millennium Management LLC increased its stake in Anteris Technologies Global by 21.7% during the 4th quarter. Millennium Management LLC now owns 85,646 shares of the company’s stock worth $427,000 after purchasing an additional 15,266 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in Anteris Technologies Global during the 4th quarter worth approximately $175,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Anteris Technologies Global by 78.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,875 shares of the company’s stock valued at $115,000 after buying an additional 10,073 shares in 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.