Anteris Technologies Global Corp. (NASDAQ:AVR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Anteris Technologies Global Corp. (NASDAQ:AVR) have received a consensus rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.00.

A number of analysts recently weighed in on AVR shares. 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 raised their price target 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 restated an “overweight” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research report on Friday, March 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Finally, Wells Fargo & Company began coverage on Anteris Technologies Global in a research report on Wednesday, March 11th. They issued an “overweight” rating and a $16.00 price objective on the stock.

Anteris Technologies Global Stock Performance

Shares of NASDAQ AVR opened at $9.71 on Friday. The stock has a market cap of $945.17 million, a PE ratio of -4.35 and a beta of 1.65. Anteris Technologies Global has a fifty-two week low of $2.85 and a fifty-two week high of $11.06. The stock has a fifty day moving average of $8.73 and a 200-day moving average of $6.75.

Anteris Technologies Global (NASDAQ:AVR) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $0.77 million. During the same quarter in the previous year, the firm posted ($0.61) earnings per share. On average, sell-side analysts predict that Anteris Technologies Global will post -1.14 EPS for the current year.

Insiders Place Their Bets

In other Anteris Technologies Global news, Director Susan Elizabeth Knight bought 11,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average cost of $9.29 per share, for a total transaction of $102,190.00. Following the purchase, the director directly owned 11,000 shares of the company’s stock, valued at $102,190. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of Anteris Technologies Global

A number of large investors have recently modified their holdings of AVR. Russell Investments Group Ltd. increased its position in shares of Anteris Technologies Global by 76.9% in the third 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Anteris Technologies Global during the first quarter valued at approximately $32,000. BNP Paribas Financial Markets grew its stake in Anteris Technologies Global by 83.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock worth $43,000 after buying an additional 4,302 shares in the last quarter. Bank of America Corp DE grew its stake in Anteris Technologies Global by 35.7% in the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after buying an additional 2,798 shares in the last quarter. Finally, Duncan Williams Asset Management LLC purchased a new position in Anteris Technologies Global in the 4th quarter worth approximately $54,000.

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.