Anteris Technologies Global Corp. (AVR) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Five firms give Anteris Technologies Global a consensus “Hold” rating—three Buys, one Hold and one Sell—with an average one-year price target of $14.
• The company missed its latest quarterly estimates, reporting a loss of $0.30 per share versus the expected $0.21 loss, and revenue of $1.01 million versus $1.50 million expected.
• Major shareholder L1 Capital bought 648,455 shares for about $4.87 million, increasing its stake by 5.35%; shares opened at $5.58, below their 50- and 200-day moving averages.

Anteris Technologies Global Corp. (NASDAQ:AVR - Get Free Report) has earned a consensus rating of "Hold" from the five research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.00.

A number of research firms have recently commented on AVR. Barclays raised shares of Anteris Technologies Global to a "hold" rating in a research note on Wednesday, October 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Anteris Technologies Global in a research note on Wednesday, August 26th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $15.00 price target on shares of Anteris Technologies Global in a research note on Wednesday, October 14th.

Anteris Technologies Global Stock Performance

Shares of NASDAQ AVR opened at $5.58 on Friday. The firm has a market cap of $543.83 million, a PE ratio of -2.86 and a beta of 2.02. The firm has a fifty day moving average of $7.30 and a 200 day moving average of $7.39. Anteris Technologies Global has a one year low of $3.30 and a one year high of $11.06.

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 analysts' consensus estimates of ($0.21) by ($0.09). The company had revenue of $1.01 million for the quarter, compared to analyst estimates of $1.50 million. Anteris Technologies Global had a negative return on equity of 77.69% and a negative net margin of 4,619.27%. During the same quarter in the prior year, the company posted ($0.58) earnings per share. On average, equities analysts predict that Anteris Technologies Global will post -1.21 EPS for the current fiscal year.

Insider Activity at Anteris Technologies Global

In other news, major shareholder L1 Capital Pty Ltd bought 648,455 shares of Anteris Technologies Global stock in a transaction on Monday, October 5th. The stock was acquired at an average price of $7.51 per share, with a total value of $4,869,897.05. Following the completion of the acquisition, the insider directly owned 12,778,380 shares of the company's stock, valued at $95,965,633.80. The trade was a 5.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders purchased 1,554,730 shares of company stock worth $11,694,513 and sold 635,459 shares worth $5,855,734. 4.50% of the stock is owned by insiders.

Institutional Trading of Anteris Technologies Global

Large investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Anteris Technologies Global in the third quarter valued at about $93,000. Forum Financial Management LP boosted its position in Anteris Technologies Global by 266.1% during the third quarter. Forum Financial Management LP now owns 40,008 shares of the company's stock worth $311,000 after acquiring an additional 29,081 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Anteris Technologies Global by 26,789.3% during the third quarter. Farther Finance Advisors LLC now owns 15,058 shares of the company's stock worth $117,000 after acquiring an additional 15,002 shares during the last quarter. Nantahala Capital Management LLC acquired a new position in Anteris Technologies Global during the second quarter worth about $33,325,850. Finally, One68 Global Capital LLC purchased a new stake in Anteris Technologies Global during the 2nd quarter valued at about $128,000.

About Anteris Technologies Global

Anteris Technologies Global is a medical device company focused on developing structural heart products for the treatment of heart valve disease. Its primary focus is transcatheter aortic valve replacement (TAVR), a minimally invasive procedure used to replace a diseased aortic valve without traditional open-heart surgery.

The company's lead product is the DurAVR transcatheter heart valve, which is designed to replicate the function and hemodynamic performance of a healthy human aortic valve.

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