Anteris Technologies Global (NASDAQ:AVR) Coverage Initiated at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Anteris Technologies Global (NASDAQ:AVR) in a research report issued on Thursday, MarketBeat.com reports. The firm set an “overweight” rating and a $15.00 price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 142.33% from the company’s previous close.

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

Anteris Technologies Global Stock Performance

AVR stock opened at $6.19 on Thursday. The firm has a market cap of $255.02 million, a price-to-earnings ratio of -2.42 and a beta of 1.15. Anteris Technologies Global has a twelve month low of $2.34 and a twelve month high of $7.09. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $5.78 and its two-hundred day simple moving average is $5.01.

Anteris Technologies Global (NASDAQ:AVR) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.75) EPS for the quarter. The company had revenue of $0.31 million during the quarter. Anteris Technologies Global had a negative return on equity of 536.04% and a negative net margin of 4,921.27%. Analysts predict that Anteris Technologies Global will post -2.66 earnings per share for the current year.

Insider Buying and Selling at Anteris Technologies Global

In other news, major shareholder L1 Capital Pty Ltd acquired 5,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was purchased at an average cost of $5.75 per share, for a total transaction of $28,750,000.00. Following the completion of the acquisition, the insider directly owned 13,219,814 shares of the company’s stock, valued at $76,013,930.50. The trade was a 60.83% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AVR. Russell Investments Group Ltd. raised its holdings in shares of Anteris Technologies Global by 76.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after purchasing an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Anteris Technologies Global during the first quarter valued at approximately $32,000. BNP Paribas Financial Markets boosted its stake in shares of Anteris Technologies Global by 83.3% during the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock valued at $43,000 after purchasing an additional 4,302 shares in the last quarter. Bank of America Corp DE increased its holdings in Anteris Technologies Global by 35.7% during the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock valued at $48,000 after buying an additional 2,798 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Anteris Technologies Global during the second quarter valued at approximately $49,000.

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.