Anteris Technologies Global (NASDAQ:AVR) Coverage Initiated by Analysts at Wells Fargo & Company

Analysts at Wells Fargo & Company assumed coverage on shares of Anteris Technologies Global (NASDAQ:AVR) in a research report issued on Wednesday. The brokerage set an “overweight” rating and a $16.00 price target on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 150.78% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Lake Street Capital reaffirmed a “buy” rating and issued a $15.00 target price on shares of Anteris Technologies Global in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Anteris Technologies Global in a research report on Monday, December 29th. Finally, Cantor Fitzgerald upgraded Anteris Technologies Global to a “strong-buy” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Anteris Technologies Global has an average rating of “Moderate Buy” and an average target price of $15.50.

Anteris Technologies Global Stock Up 7.6%

AVR opened at $6.38 on Wednesday. Anteris Technologies Global has a fifty-two week low of $2.34 and a fifty-two week high of $7.90. The firm has a market capitalization of $262.84 million, a P/E ratio of -2.49 and a beta of 1.14. The company’s 50-day moving average is $5.69 and its 200 day moving average is $4.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.73 and a quick ratio of 0.73.

Anteris Technologies Global (NASDAQ:AVR) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.75) earnings per share (EPS) 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 expect that Anteris Technologies Global will post -2.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder L1 Capital Pty Ltd bought 5,000,000 shares of Anteris Technologies Global stock in a transaction dated Thursday, January 22nd. The stock was purchased at an average cost of $5.75 per share, with a total value of $28,750,000.00. Following the transaction, the insider directly owned 13,219,814 shares of the company’s stock, valued at approximately $76,013,930.50. The trade was a 60.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Anteris Technologies Global

Hedge funds have recently modified their holdings of the stock. L1 Capital Pty Ltd lifted its stake in Anteris Technologies Global by 143.2% in the third quarter. L1 Capital Pty Ltd now owns 6,838,136 shares of the company’s stock valued at $30,772,000 after purchasing an additional 4,026,136 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Anteris Technologies Global by 9,958.6% in the second quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company’s stock valued at $4,049,000 after buying an additional 1,057,707 shares during the period. ADAR1 Capital Management LLC raised its stake in shares of Anteris Technologies Global by 526.9% in the fourth quarter. ADAR1 Capital Management LLC now owns 1,238,777 shares of the company’s stock valued at $6,181,000 after buying an additional 1,041,162 shares during the period. Nantahala Capital Management LLC lifted its position in shares of Anteris Technologies Global by 31.9% during the 4th quarter. Nantahala Capital Management LLC now owns 2,530,910 shares of the company’s stock valued at $12,629,000 after buying an additional 612,244 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Anteris Technologies Global by 85.1% during the 3rd quarter. Vanguard Group Inc. now owns 745,560 shares of the company’s stock valued at $3,355,000 after buying an additional 342,711 shares during the last quarter.

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.