Anteris Technologies Global (NASDAQ:AVR) Sets New 1-Year High – Here’s Why

Shares of Anteris Technologies Global Corp. (NASDAQ:AVR) reached a new 52-week high on Monday . The company traded as high as $10.67 and last traded at $10.9070, with a volume of 819636 shares changing hands. The stock had previously closed at $10.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AVR shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research note on Friday, March 27th. Wall Street Zen raised shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Barclays increased 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. Finally, Wells Fargo & Company began coverage on shares of Anteris Technologies Global in a report on Wednesday, March 11th. They issued an “overweight” rating and a $16.00 target price on the stock. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Anteris Technologies Global currently has an average rating of “Moderate Buy” and an average price target of $16.00.

Anteris Technologies Global Price Performance

The company has a market capitalization of $1.06 billion, a PE ratio of -4.89 and a beta of 1.65. The company has a 50 day moving average of $8.46 and a two-hundred day moving average of $6.64.

Anteris Technologies Global (NASDAQ:AVR) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.The business had revenue of $0.49 million during the quarter, compared to analyst estimates of $0.77 million. During the same quarter last year, the firm posted ($0.61) EPS. On average, equities analysts anticipate that Anteris Technologies Global Corp. will post -1.14 EPS for the current year.

Insider Activity at Anteris Technologies Global

In related news, Director Susan Elizabeth Knight purchased 11,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of $9.29 per share, for a total transaction of $102,190.00. Following the purchase, the director owned 11,000 shares in the company, valued at $102,190. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Anteris Technologies Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its position in Anteris Technologies Global by 76.9% during the 3rd 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Anteris Technologies Global during the first quarter valued at approximately $32,000. BNP Paribas Financial Markets boosted its holdings in Anteris Technologies Global by 83.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock valued at $43,000 after acquiring an additional 4,302 shares during the period. Bank of America Corp DE lifted its holdings in shares of Anteris Technologies Global by 35.7% during the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after acquiring an additional 2,798 shares during the period. Finally, Duncan Williams Asset Management LLC bought a new stake in shares of Anteris Technologies Global during the 4th quarter worth $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.