Anteris Technologies Global (NASDAQ:AVR) Stock Price Down 4.5% – Here’s Why

Anteris Technologies Global Corp. (NASDAQ:AVR)’s share price traded down 4.5% on Friday . The stock traded as low as $5.82 and last traded at $5.97. 1,259,083 shares changed hands during trading, a decline of 31% from the average session volume of 1,817,860 shares. The stock had previously closed at $6.25.

Analysts Set New Price Targets

A number of research firms have weighed in on AVR. Lake Street Capital reaffirmed a “buy” rating and set a $15.00 price objective on shares of Anteris Technologies Global in a report on Friday, January 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Anteris Technologies Global in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.00.

Anteris Technologies Global Stock Down 4.5%

The firm has a market capitalization of $245.96 million and a price-to-earnings ratio of -3.30. The firm has a fifty day moving average price of $5.05 and a 200 day moving average price of $4.49. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 0.01.

Anteris Technologies Global (NASDAQ:AVR) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.05). The business had revenue of $0.43 million during the quarter, compared to the consensus estimate of $0.74 million. Anteris Technologies Global had a negative net margin of 3,944.93% and a negative return on equity of 252.71%. Sell-side analysts anticipate that Anteris Technologies Global Corp. will post -2.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Anteris Technologies Global

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in shares of Anteris Technologies Global by 76.9% in the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after purchasing an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Anteris Technologies Global during the first quarter worth $32,000. BNP Paribas Financial Markets raised its position in shares of Anteris Technologies Global by 83.3% during the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock worth $43,000 after purchasing an additional 4,302 shares during the period. Bank of America Corp DE raised its holdings in Anteris Technologies Global by 35.7% during the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after buying an additional 2,798 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Anteris Technologies Global in the 2nd quarter valued at $49,000.

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.