AnaptysBio, Inc. (NASDAQ:ANAB) has received an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $34.67.
Several analysts have recently weighed in on ANAB shares. Wedbush restated a “neutral” rating on shares of AnaptysBio in a report on Monday, March 15th. JPMorgan Chase & Co. cut AnaptysBio from an “overweight” rating to an “underweight” rating in a report on Monday, March 8th. Zacks Investment Research upgraded AnaptysBio from a “sell” rating to a “hold” rating in a report on Thursday, March 11th. Truist Securities upgraded AnaptysBio from a “hold” rating to a “buy” rating and upped their target price for the company from $27.00 to $34.00 in a report on Monday, March 22nd. Finally, Truist upgraded AnaptysBio from a “hold” rating to a “buy” rating and upped their target price for the company from $27.00 to $34.00 in a report on Tuesday, March 16th.
In other AnaptysBio news, major shareholder Ecor1 Capital, Llc purchased 29,500 shares of the company’s stock in a transaction on Tuesday, February 23rd. The shares were purchased at an average cost of $25.48 per share, with a total value of $751,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders acquired 2,920,800 shares of company stock worth $56,121,930. Insiders own 13.00% of the company’s stock.
AnaptysBio stock traded down $0.18 during midday trading on Monday, reaching $25.92. The company’s stock had a trading volume of 253,035 shares, compared to its average volume of 467,781. AnaptysBio has a 52 week low of $13.92 and a 52 week high of $35.85. The business has a 50-day moving average price of $23.06 and a 200-day moving average price of $25.07. The stock has a market cap of $709.40 million, a PE ratio of -9.56 and a beta of 0.15.
AnaptysBio (NASDAQ:ANAB) last released its earnings results on Monday, May 3rd. The biotechnology company reported ($0.66) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.03. Research analysts anticipate that AnaptysBio will post 0.04 EPS for the current fiscal year.
AnaptysBio Company Profile
AnaptysBio, Inc, a clinical stage biotechnology company, engages in developing therapeutic product candidates for inflammation and immuno-oncology indications. The company's products include Imsidolimab, an IL-36R antibody that inhibits the interleukin-36 receptor for the treatment of various dermatological inflammatory diseases; ANB030, an anti-PD-1 agonist antibody program designed to augment PD-1 signaling through ANB030 treatment to suppress T-cell driven human inflammatory diseases; and ANB032, an anti-BTLA modulator antibody applicable to human inflammatory diseases associated with lymphoid and myeloid immune cell dysregulation.
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