Analysts Set Anteris Technologies Global Corp. (NASDAQ:AVR) Price Target at $16.00

Shares of Anteris Technologies Global Corp. (NASDAQ:AVR) have received an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.00.

AVR has been the topic of several recent research reports. Barclays boosted their price objective on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Wells Fargo & Company initiated coverage on shares of Anteris Technologies Global in a research report on Wednesday, March 11th. They issued an “overweight” rating and a $16.00 price objective on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $15.00 price objective on shares of Anteris Technologies Global in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th.

Anteris Technologies Global Stock Down 1.7%

NASDAQ:AVR opened at $9.15 on Tuesday. Anteris Technologies Global has a 52-week low of $2.85 and a 52-week high of $10.14. The stock has a fifty day simple moving average of $7.23 and a 200-day simple moving average of $6.06. The company has a market capitalization of $890.66 million, a PE ratio of -4.10 and a beta of 1.78.

Anteris Technologies Global (NASDAQ:AVR) last released its quarterly earnings data 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 analysts’ expectations of $0.77 million. During the same quarter in the prior year, the firm earned ($0.61) earnings per share. As a group, equities analysts anticipate that Anteris Technologies Global will post -1.14 earnings per share for the current year.

Insider Activity at Anteris Technologies Global

In related news, Director Susan Elizabeth Knight acquired 11,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $9.29 per share, with a total value of $102,190.00. Following the completion of the purchase, the director directly owned 11,000 shares in the company, valued at approximately $102,190. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Anteris Technologies Global

A number of large investors have recently made changes to their positions in AVR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Anteris Technologies Global during the first quarter valued at $32,000. Geode Capital Management LLC boosted its stake in shares of Anteris Technologies Global by 154.3% during the second 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Anteris Technologies Global by 9,958.6% during the second 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 during the last quarter. Nantahala Capital Management LLC boosted its stake in shares of Anteris Technologies Global by 1.8% during the second 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 during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Anteris Technologies Global by 85.1% during the third quarter. Vanguard Group Inc. now owns 745,560 shares of the company’s stock valued at $3,355,000 after acquiring an additional 342,711 shares during the last quarter.

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.