AVEO Pharmaceuticals, Inc. (AVEO) Given Buy Rating at FBR & Co
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO)‘s stock had its “buy” rating reissued by stock analysts at FBR & Co in a research note issued on Friday. They currently have a $3.00 price target on the biopharmaceutical company’s stock. FBR & Co’s target price suggests a potential upside of 35.14% from the company’s current price.
Several other research firms have also issued reports on AVEO. ValuEngine raised shares of AVEO Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 24th. Piper Jaffray Companies set a $2.00 price objective on shares of AVEO Pharmaceuticals and gave the stock a “buy” rating in a research report on Saturday, June 24th. Finally, Zacks Investment Research raised shares of AVEO Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd.
Shares of AVEO Pharmaceuticals (AVEO) remained flat at $2.22 during trading on Friday. 2,922,250 shares of the company were exchanged. AVEO Pharmaceuticals has a one year low of $0.50 and a one year high of $2.42. The firm’s market cap is $245.00 million. The stock’s 50-day moving average is $0.89 and its 200-day moving average is $0.73.
AVEO Pharmaceuticals (NASDAQ:AVEO) last released its quarterly earnings data on Thursday, May 4th. The biopharmaceutical company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). AVEO Pharmaceuticals had a negative net margin of 728.85% and a negative return on equity of 836.92%. The company had revenue of $2.53 million during the quarter. On average, analysts expect that AVEO Pharmaceuticals will post ($0.44) EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Paloma Partners Management Co purchased a new position in shares of AVEO Pharmaceuticals during the first quarter valued at $184,000. UBS Oconnor LLC purchased a new position in shares of AVEO Pharmaceuticals during the first quarter valued at $291,000. Sabby Management LLC purchased a new position in shares of AVEO Pharmaceuticals during the first quarter valued at $513,000. Renaissance Technologies LLC increased its position in shares of AVEO Pharmaceuticals by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,743,900 shares of the biopharmaceutical company’s stock valued at $1,482,000 after buying an additional 148,500 shares during the period. Finally, Sphera Funds Management LTD. purchased a new position in shares of AVEO Pharmaceuticals during the first quarter valued at $1,711,000. Institutional investors and hedge funds own 50.96% of the company’s stock.
AVEO Pharmaceuticals Company Profile
AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.
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