Anteris Technologies Global’s (AVR) “Overweight” Rating Reiterated at Cantor Fitzgerald

Anteris Technologies Global (NASDAQ:AVR)‘s stock had its “overweight” rating reaffirmed by research analysts at Cantor Fitzgerald in a note issued to investors on Friday,Benzinga reports. They presently have a $15.00 target price on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 179.49% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company initiated coverage on shares of Anteris Technologies Global in a report on Wednesday, March 11th. They set an “overweight” rating and a $16.00 price objective for the company. Lake Street Capital reissued a “buy” rating and set a $15.00 target price on shares of Anteris Technologies Global in a research report on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Anteris Technologies Global in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.33.

Anteris Technologies Global Stock Performance

Shares of AVR stock opened at $5.37 on Friday. The firm has a 50-day moving average of $5.96 and a 200-day moving average of $5.12. The company has a market cap of $521.83 million, a P/E ratio of -2.10 and a beta of 1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.73 and a quick ratio of 0.73. Anteris Technologies Global has a one year low of $2.34 and a one year high of $6.95.

Anteris Technologies Global (NASDAQ:AVR) last released 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. Equities research analysts forecast that Anteris Technologies Global will post -2.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Anteris Technologies Global news, major shareholder L1 Capital Pty Ltd acquired 5,000,000 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were acquired at an average cost of $5.75 per share, with a total value of $28,750,000.00. Following the completion of the acquisition, the insider directly owned 13,219,814 shares in the company, valued at $76,013,930.50. This trade represents a 60.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Anteris Technologies Global

A number of institutional investors have recently modified their holdings of AVR. J. Derek Lewis & Associates Inc. bought a new position in Anteris Technologies Global in the 4th quarter worth approximately $70,000. ADAR1 Capital Management LLC raised its holdings 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 valued at $6,181,000 after acquiring an additional 1,041,162 shares during the period. Millennium Management LLC lifted its position in shares of Anteris Technologies Global by 21.7% during the fourth quarter. Millennium Management LLC now owns 85,646 shares of the company’s stock worth $427,000 after acquiring an additional 15,266 shares in the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Anteris Technologies Global in the fourth quarter worth $175,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $115,000 after acquiring an additional 10,073 shares during the period.

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.