Anteris Technologies Global (NASDAQ:AVR) Shares Down 5.8% – Time to Sell?

Shares of Anteris Technologies Global Corp. (NASDAQ:AVR) dropped 5.8% during mid-day trading on Monday . The company traded as low as $5.21 and last traded at $5.18. Approximately 362,403 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 1,267,437 shares. The stock had previously closed at $5.50.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Lake Street Capital reiterated a “buy” rating and issued a $15.00 target price on shares of Anteris Technologies Global in a report on Friday, January 23rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $15.00 target price on shares of Anteris Technologies Global in a report on Friday, March 27th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Anteris Technologies Global in a report on Monday, December 29th. Finally, Wells Fargo & Company assumed 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. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.33.

Anteris Technologies Global Trading Up 2.3%

The company’s fifty day simple moving average is $5.86 and its two-hundred day simple moving average is $5.12. 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 company has a market capitalization of $528.93 million, a price-to-earnings ratio of -2.13 and a beta of 1.58.

Anteris Technologies Global (NASDAQ:AVR) last posted its earnings results on Thursday, February 26th. The company reported ($0.75) earnings per share for the quarter. The firm 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%. Research analysts forecast that Anteris Technologies Global Corp. will post -2.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder L1 Capital Pty Ltd acquired 5,000,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Anteris Technologies Global

Several institutional investors have recently added to or reduced their stakes in AVR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Anteris Technologies Global in the 1st quarter valued at $32,000. Geode Capital Management LLC lifted its position in Anteris Technologies Global by 154.3% in the 2nd quarter. Geode Capital Management LLC now owns 420,427 shares of the company’s stock valued at $1,593,000 after acquiring an additional 255,088 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Anteris Technologies Global by 9,958.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company’s stock valued at $4,049,000 after acquiring an additional 1,057,707 shares in the last quarter. Nantahala Capital Management LLC lifted its position in Anteris Technologies Global by 1.8% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,693,666 shares of the company’s stock valued at $6,419,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Marex Group plc bought a new stake in Anteris Technologies Global in the 2nd quarter valued at $641,000.

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.