Anteris Technologies Global (NASDAQ:AVR) Releases Earnings Results, Misses Expectations By $0.01 EPS

Anteris Technologies Global (NASDAQ:AVR) released its quarterly earnings results on Tuesday. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01), FiscalAI reports. Anteris Technologies Global had a negative return on equity of 536.04% and a negative net margin of 4,921.27%.The business had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.77 million.

Anteris Technologies Global Price Performance

AVR stock traded up $0.19 during mid-day trading on Tuesday, hitting $6.70. The stock had a trading volume of 562,861 shares, compared to its average volume of 1,098,858. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.01. Anteris Technologies Global has a 52 week low of $2.85 and a 52 week high of $6.95. The firm has a market capitalization of $651.44 million, a P/E ratio of -2.62 and a beta of 1.32. The firm has a fifty day simple moving average of $5.91 and a 200 day simple moving average of $5.32.

Hedge Funds Weigh In On Anteris Technologies Global

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in 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 buying an additional 2,841 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Anteris Technologies Global in the 1st quarter valued at about $32,000. BNP Paribas Financial Markets increased its holdings in Anteris Technologies Global by 83.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock valued at $43,000 after buying an additional 4,302 shares during the period. Bank of America Corp DE increased its holdings in Anteris Technologies Global by 35.7% in the 3rd 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 bought a new position in Anteris Technologies Global in the 4th quarter valued at about $67,000.

Analyst Ratings Changes

AVR has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research report on Friday, March 27th. Wells Fargo & Company initiated coverage on shares of Anteris Technologies Global in a research report on Wednesday, March 11th. They set an “overweight” rating and a $16.00 price target 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 report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.33.

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.