Stock Traders Purchase Large Volume of Anteris Technologies Global Call Options (NASDAQ:AVR)

Anteris Technologies Global Corp. (NASDAQ:AVR) was the recipient of unusually large options trading on Thursday. Traders bought 7,578 call options on the stock. This is an increase of 2,203% compared to the average volume of 329 call options.

Anteris Technologies Global Stock Performance

Shares of NASDAQ:AVR traded up $0.66 during midday trading on Thursday, reaching $9.61. 530,676 shares of the company’s stock traded hands, compared to its average volume of 1,136,380. Anteris Technologies Global has a 1 year low of $2.85 and a 1 year high of $10.14. The company has a market cap of $935.44 million, a P/E ratio of -4.34 and a beta of 1.78. The company has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $5.79.

Anteris Technologies Global (NASDAQ:AVR) last announced its earnings results 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 business had revenue of $0.49 million for the quarter, compared to analysts’ expectations of $0.77 million. During the same quarter last year, the business earned ($0.61) EPS. As a group, research analysts forecast that Anteris Technologies Global will post -1.14 EPS for the current fiscal year.

Institutional Trading of Anteris Technologies Global

A number of institutional investors have recently made changes to their positions in the company. Perceptive Advisors LLC boosted its stake in shares of Anteris Technologies Global by 104.4% in the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company’s stock worth $19,011,000 after acquiring an additional 1,750,000 shares during the last quarter. Avidity Partners Management LP acquired a new stake in shares of Anteris Technologies Global in the first quarter worth approximately $832,000. Bank of America Corp DE boosted its stake in shares of Anteris Technologies Global by 12.6% in the first quarter. Bank of America Corp DE now owns 68,755 shares of the company’s stock worth $382,000 after acquiring an additional 7,688 shares during the last quarter. Anson Funds Management LP acquired a new stake in shares of Anteris Technologies Global in the first quarter worth approximately $1,126,000. Finally, ADAR1 Capital Management LLC boosted its stake in shares of Anteris Technologies Global by 205.9% in the first quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company’s stock worth $21,030,000 after acquiring an additional 2,550,355 shares during the last quarter.

Wall Street Analyst Weigh In

AVR has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 target price on shares of Anteris Technologies Global in a 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. Barclays raised their target price on Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Wells Fargo & Company initiated coverage on Anteris Technologies Global in a report on Wednesday, March 11th. They issued an “overweight” rating and a $16.00 price objective on the stock. Finally, Wall Street Zen upgraded Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Anteris Technologies Global currently has an average rating of “Moderate Buy” and an average target price of $16.00.

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.