Anteris Technologies Global (NASDAQ:AVR) Trading Up 12.6% After Insider Buying Activity

Anteris Technologies Global Corp. (NASDAQ:AVR) shares were up 12.6% during trading on Thursday following insider buying activity. The company traded as high as $9.71 and last traded at $10.0750. Approximately 176,960 shares traded hands during trading, a decline of 84% from the average daily volume of 1,133,399 shares. The stock had previously closed at $8.95.

Specifically, Director Susan Elizabeth Knight bought 11,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $9.29 per share, for a total transaction of $102,190.00. Following the transaction, the director directly owned 11,000 shares in the company, valued at approximately $102,190. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analyst Ratings Changes

A number of research analysts have issued reports on AVR shares. Barclays increased their target price 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. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 target price on shares of Anteris Technologies Global in a research report on Friday, March 27th. Weiss Ratings restated a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. 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. Finally, Wells Fargo & Company started coverage on shares of Anteris Technologies Global in a research report on Wednesday, March 11th. They set an “overweight” rating and a $16.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Anteris Technologies Global Stock Performance

The firm has a market cap of $938.36 million, a P/E ratio of -4.32 and a beta of 1.78. The company’s 50 day moving average is $6.83 and its 200 day moving average is $5.86.

Anteris Technologies Global (NASDAQ:AVR) last issued 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). The company had revenue of $0.49 million during the quarter, compared to the consensus estimate of $0.77 million. Anteris Technologies Global had a negative net margin of 5,148.78% and a negative return on equity of 124.76%. During the same period in the previous year, the company earned ($0.61) EPS. On average, equities research analysts anticipate that Anteris Technologies Global Corp. will post -1.14 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in Anteris Technologies Global by 76.9% during the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock worth $29,000 after purchasing an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Anteris Technologies Global in the first quarter worth about $32,000. BNP Paribas Financial Markets raised its position in Anteris Technologies Global by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock worth $43,000 after acquiring an additional 4,302 shares during the period. Bank of America Corp DE raised its position in Anteris Technologies Global by 35.7% in the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after acquiring an additional 2,798 shares during the period. Finally, Duncan Williams Asset Management LLC bought a new stake in Anteris Technologies Global in the fourth quarter worth about $54,000.

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.