Anteris Technologies Global Corp. (NASDAQ:AVR) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give Anteris Technologies Global a “Moderate Buy” consensus: Four of five covering brokerages rate the stock a buy, while one rates it a sell. The average 12-month price target is $16.00, compared with a recent share price of $8.98.
• The company’s latest quarterly results missed expectations: Anteris reported a loss of $0.30 per share versus the consensus estimate of $0.21, while revenue of $1.01 million fell short of the $1.50 million forecast.
• Insider selling contrasts with increased institutional ownership: Major shareholder L1 Capital sold 558,633 shares, and insiders have sold about $25.2 million worth of stock over the past 90 days. Meanwhile, firms including JPMorgan, Geode Capital, and Vanguard increased their positions.

Shares of Anteris Technologies Global Corp. (NASDAQ:AVR - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $16.00.

Several analysts recently commented on AVR shares. Cantor Fitzgerald reissued an "overweight" rating and set a $15.00 target price on shares of Anteris Technologies Global in a research note on Friday, August 14th. Weiss Ratings restated a "sell (d-)" rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Barclays upped their price target on Anteris Technologies Global from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Friday, May 15th. Finally, Wall Street Zen upgraded Anteris Technologies Global from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th.

Insider Activity

In other news, major shareholder L1 Capital Pty Ltd sold 558,633 shares of the business's stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $8.20, for a total transaction of $4,580,790.60. Following the sale, the insider directly owned 6,633,314 shares of the company's stock, valued at $54,393,174.80. The trade was a 7.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 3,000,659 shares of company stock valued at $25,174,702. Insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On Anteris Technologies Global

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Anteris Technologies Global during the first quarter valued at about $32,000. Geode Capital Management LLC increased its position in shares of Anteris Technologies Global by 154.3% in the second quarter. Geode Capital Management LLC now owns 420,427 shares of the company's stock worth $1,593,000 after acquiring an additional 255,088 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Anteris Technologies Global by 9,958.6% during the second quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company's stock valued at $4,049,000 after acquiring an additional 1,057,707 shares during the period. Nantahala Capital Management LLC raised its holdings in shares of Anteris Technologies Global by 1.8% during the second quarter. Nantahala Capital Management LLC now owns 1,693,666 shares of the company's stock valued at $6,419,000 after acquiring an additional 30,000 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Anteris Technologies Global by 85.1% in the 3rd quarter. Vanguard Group Inc. now owns 745,560 shares of the company's stock valued at $3,355,000 after acquiring an additional 342,711 shares in the last quarter.

Anteris Technologies Global Trading Down 2.9%

Shares of Anteris Technologies Global stock opened at $8.98 on Friday. The company's 50-day moving average price is $9.14 and its two-hundred day moving average price is $7.49. Anteris Technologies Global has a 52 week low of $3.30 and a 52 week high of $11.06. The stock has a market cap of $875.19 million, a PE ratio of -4.61 and a beta of 1.78.

Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.09). The business had revenue of $1.01 million for the quarter, compared to the consensus estimate of $1.50 million. Anteris Technologies Global had a negative net margin of 4,619.27% and a negative return on equity of 77.69%. During the same quarter last year, the business posted ($0.58) EPS. On average, equities analysts predict that Anteris Technologies Global will post -1.21 EPS for the current fiscal year.

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.

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