2,500 Shares in Avedro Inc (AVDR) Purchased by Catalyst Capital Advisors LLC

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Catalyst Capital Advisors LLC purchased a new position in shares of Avedro Inc (NASDAQ:AVDR) during the first quarter, HoldingsChannel reports. The fund purchased 2,500 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in Avedro during the first quarter valued at $91,000. Spark Investment Management LLC purchased a new position in Avedro during the first quarter valued at $192,000. Falcon Point Capital LLC purchased a new position in Avedro during the first quarter valued at $261,000. Dean Capital Investments Management LLC purchased a new position in Avedro during the first quarter valued at $599,000. Finally, Laurion Capital Management LP purchased a new position in Avedro during the first quarter valued at $920,000. 19.36% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Cowen assumed coverage on shares of Avedro in a report on Monday, March 11th. They set an “outperform” rating and a $20.00 price objective on the stock. Svb Leerink assumed coverage on shares of Avedro in a report on Monday, March 11th. They set an “outperform” rating and a $20.00 price objective on the stock. Guggenheim assumed coverage on shares of Avedro in a report on Monday, March 11th. They set a “buy” rating and a $21.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Avedro in a report on Monday, March 11th. They set an “overweight” rating and a $16.00 price objective on the stock. Finally, Bank of America assumed coverage on shares of Avedro in a report on Monday, March 11th. They set a “buy” rating on the stock. Six analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $19.40.

AVDR opened at $18.24 on Friday. The firm has a market cap of $311.27 million and a price-to-earnings ratio of -1.02. Avedro Inc has a 52-week low of $10.75 and a 52-week high of $20.00.

Avedro (NASDAQ:AVDR) last issued its earnings results on Thursday, May 9th. The company reported ($1.00) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.01) by $0.01. The business had revenue of $8.77 million during the quarter, compared to analyst estimates of $7.93 million. As a group, equities research analysts predict that Avedro Inc will post -2.25 EPS for the current year.

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Avedro Company Profile

Avedro, Inc, an ophthalmic pharmaceutical and medical device company, develops and commercializes products to treat ophthalmic disorders and conditions, primarily associated with corneal weakness. The company's Avedro Corneal Remodeling platform comprises KXL and Mosaic systems, which deliver ultraviolet A or UVA light, and a suite of single-use riboflavin drug formulations.

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Want to see what other hedge funds are holding AVDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avedro Inc (NASDAQ:AVDR).

Institutional Ownership by Quarter for Avedro (NASDAQ:AVDR)

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