Anteris Technologies Global (NASDAQ:AVR) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Anteris Technologies Global (NASDAQ:AVR) issued its quarterly earnings results on Tuesday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.01), FiscalAI reports. Anteris Technologies Global had a negative return on equity of 536.04% and a negative net margin of 4,921.27%.The company had revenue of $0.49 million for the quarter, compared to analysts’ expectations of $0.77 million. During the same quarter in the previous year, the business earned ($0.61) EPS.

Anteris Technologies Global Price Performance

NASDAQ:AVR traded down $0.03 during trading hours on Wednesday, hitting $6.67. 67,890 shares of the company’s stock traded hands, compared to its average volume of 1,089,171. Anteris Technologies Global has a 52 week low of $2.85 and a 52 week high of $6.95. The business’s fifty day simple moving average is $5.92 and its two-hundred day simple moving average is $5.33. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.01. The firm has a market cap of $648.63 million, a P/E ratio of -2.60 and a beta of 1.32.

Institutional Trading of Anteris Technologies Global

Several institutional investors and hedge funds have recently modified their holdings of AVR. Russell Investments Group Ltd. boosted its position in shares of Anteris Technologies Global by 76.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after acquiring an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Anteris Technologies Global in the first quarter worth approximately $32,000. BNP Paribas Financial Markets raised its stake 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 valued at $43,000 after purchasing an additional 4,302 shares in the last quarter. Bank of America Corp DE raised its stake 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 valued at $48,000 after purchasing an additional 2,798 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Anteris Technologies Global during the fourth quarter valued at approximately $67,000.

Analyst Ratings Changes

Several equities analysts have weighed in on AVR shares. Lake Street Capital reissued a “buy” rating and set a $15.00 price objective on shares of Anteris Technologies Global in a report on Friday, January 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research report on Friday, March 27th. Finally, Wells Fargo & Company assumed coverage on Anteris Technologies Global in a research note on Wednesday, March 11th. They set an “overweight” rating and a $16.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.33.

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.