Anteris Technologies Global Corp. (NASDAQ:AVR) Receives Average Rating of “Moderate Buy” from Analysts

Anteris Technologies Global Corp. (NASDAQ:AVR) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.00.

Several analysts have issued reports on AVR shares. Barclays boosted their target price on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Anteris Technologies Global from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th.

Insider Transactions at Anteris Technologies Global

In related news, Director Susan Elizabeth Knight purchased 11,000 shares of Anteris Technologies Global stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average cost of $9.29 per share, with a total value of $102,190.00. Following the completion of the transaction, the director directly owned 11,000 shares of the company’s stock, valued at $102,190. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder L1 Capital Pty Ltd sold 475,693 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $8.10, for a total transaction of $3,853,113.30. Following the transaction, the insider owned 6,108,910 shares in the company, valued at approximately $49,482,171. This represents a 7.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,703,090 shares of company stock valued at $13,863,554 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Anteris Technologies Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. L1 Capital Pty Ltd grew its stake in Anteris Technologies Global by 143.2% in the 3rd quarter. L1 Capital Pty Ltd now owns 6,838,136 shares of the company’s stock valued at $30,772,000 after buying an additional 4,026,136 shares during the last quarter. ADAR1 Capital Management LLC increased its holdings in Anteris Technologies Global by 205.9% in the 1st quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company’s stock valued at $21,030,000 after buying an additional 2,550,355 shares during the period. Perceptive Advisors LLC boosted its holdings in Anteris Technologies Global by 104.4% during the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company’s stock valued at $19,011,000 after purchasing an additional 1,750,000 shares in the last quarter. Nantahala Capital Management LLC grew its position in Anteris Technologies Global by 31.9% in the fourth quarter. Nantahala Capital Management LLC now owns 2,530,910 shares of the company’s stock valued at $12,629,000 after acquiring an additional 612,244 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Anteris Technologies Global by 32.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,417,627 shares of the company’s stock worth $6,379,000 after purchasing an additional 349,299 shares in the last quarter.

Anteris Technologies Global Price Performance

Shares of AVR opened at $8.28 on Wednesday. The stock has a market capitalization of $805.98 million, a P/E ratio of -3.71 and a beta of 1.78. Anteris Technologies Global has a 12-month low of $3.17 and a 12-month high of $11.06. The firm’s 50 day moving average is $9.18 and its 200-day moving average is $7.22.

Anteris Technologies Global (NASDAQ:AVR) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.28) earnings per share (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 company had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.77 million. During the same quarter in the previous year, the firm posted ($0.61) EPS. As a group, equities research analysts forecast that Anteris Technologies Global will post -1.14 EPS for the current fiscal year.

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.