NASDAQ:ADVM - Adverum Biotechnologies Stock Price, News, & Analysis

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$9.16 +0.27 (+3.04 %)
(As of 05/21/2019 02:37 PM ET)
Previous Close$8.89
Today's Range$8.87 - $9.42
52-Week Range$2.62 - $9.45
Volume74,953 shs
Average Volume437,139 shs
Market Capitalization$581.06 million
P/E RatioN/A
Dividend YieldN/A
Beta3.24
Adverum Biotechnologies, Inc., a clinical-stage gene therapy company, engages in developing gene therapy product candidates to treat ocular and rare diseases. Its pipeline of product candidates includes ADVM-022, an adeno- associated virus (AAV). 7m8-aflibercept for the treatment of wet age-related macular degeneration; ADVM-043, an investigational gene therapy candidate for the treatment of alpha-1 antitrypsin deficiency; and ADVM-053, a preclinical gene therapy product candidate for the treatment of hereditary angioedema. The company has collaboration agreements with Editas Medicine, Inc. to leverage its proprietary AAV vectors for genome editing technologies to treat up to five inherited retinal diseases; and Regeneron Pharmaceuticals, Inc. for the development of up to eight distinct ocular therapeutic targets. The company was formerly known as Avalanche Biotechnologies, Inc. and changed its name to Adverum Biotechnologies, Inc. in May 2016. Adverum Biotechnologies, Inc. was founded in 2006 and is headquartered in Menlo Park, California.

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Industry, Sector and Symbol

Industry Biological products, except diagnostic
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:ADVM
CUSIPN/A
Phone650-272-6269

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.61 million
Book Value$2.97 per share

Profitability

Net Income$-72,630,000.00
Net Margins-4,505.40%

Miscellaneous

Employees82
Market Cap$581.06 million
Next Earnings Date8/14/2019 (Estimated)
OptionableOptionable

Adverum Biotechnologies (NASDAQ:ADVM) Frequently Asked Questions

What is Adverum Biotechnologies' stock symbol?

Adverum Biotechnologies trades on the NASDAQ under the ticker symbol "ADVM."

How were Adverum Biotechnologies' earnings last quarter?

Adverum Biotechnologies Inc (NASDAQ:ADVM) posted its quarterly earnings data on Wednesday, May, 8th. The biotechnology company reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.27) by $0.04. Adverum Biotechnologies had a negative net margin of 4,505.40% and a negative return on equity of 30.98%. View Adverum Biotechnologies' Earnings History.

When is Adverum Biotechnologies' next earnings date?

Adverum Biotechnologies is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Adverum Biotechnologies.

What price target have analysts set for ADVM?

6 Wall Street analysts have issued 1-year price targets for Adverum Biotechnologies' shares. Their forecasts range from $4.00 to $12.00. On average, they anticipate Adverum Biotechnologies' stock price to reach $7.8750 in the next year. This suggests that the stock has a possible downside of 14.0%. View Analyst Price Targets for Adverum Biotechnologies.

What is the consensus analysts' recommendation for Adverum Biotechnologies?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adverum Biotechnologies in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Adverum Biotechnologies.

What are Wall Street analysts saying about Adverum Biotechnologies stock?

Here are some recent quotes from research analysts about Adverum Biotechnologies stock:
  • 1. According to Zacks Investment Research, "Adverum Biotechnologies, Inc. is a gene therapy company. The Company discovers and develops novel medicines for patients living with rare diseases. Adverum Biotechnologies Inc, formerly known as Avalanche Biotechnologies Inc., is headquartered in Menlo Park, California. " (5/17/2019)
  • 2. Cantor Fitzgerald analysts commented, ". We are downgrading and reducing our 12-month PT to $4 from $12. The new PT is solely based on the ADVM-022 wAMD program, soon to enter P1 testing in 2018. Our changed perspective results from the PR Friday that the company discontinued development of lead asset ADVM-043 for treatment of A1AT deficiency and hit pause on the preclinical HAE program, deciding not to file an IND in 4Q18. Although further clarity on rare disease programs is expected in 1H19, we now see only the wAMD program as a potential driver of value over the next ~12-18 months." (11/4/2018)
  • 3. Chardan Capital analysts commented, "We had previously expressed concerns on ADVM-043. In our 9 August 2018 research, we stated [t]hus even if safety signals are reassuring, there may be some question on efficacy in final data." Based on the failure of DTX101, and uncertainty on the liver tropism of AAVrh10, we saw issues with the design of ADMV-043. Further, a serious of previous failures of AAV-based GT for A1AT from other organizations including AGTC (Neutral) suggest this is a difficult indication to treat with GT. We look for better datasets in the remaining Adverum pipeline. The OPTIC phase I trial of ADVM-022, an AAV7m8-based, intravitreal anti- VEGF GT for wet AMD, is due to begin dosing in 4Q18. 2018 research detailed our concerns on this asset." (11/2/2018)

Has Adverum Biotechnologies been receiving favorable news coverage?

Media stories about ADVM stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Adverum Biotechnologies earned a news sentiment score of 1.3 on InfoTrie's scale. They also assigned news coverage about the biotechnology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Adverum Biotechnologies?

Adverum Biotechnologies saw a decrease in short interest in April. As of April 15th, there was short interest totalling 2,293,893 shares, a decrease of 29.1% from the March 29th total of 3,237,258 shares. Based on an average trading volume of 382,331 shares, the short-interest ratio is presently 6.0 days. Currently, 4.9% of the company's shares are sold short. View Adverum Biotechnologies' Current Options Chain.

Who are some of Adverum Biotechnologies' key competitors?

What other stocks do shareholders of Adverum Biotechnologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Adverum Biotechnologies investors own include CTI BioPharma (CTIC), CA (CA), BlackRock (BLK), Endologix (ELGX), Aegean Marine Petroleum Network (ANW), Immunomedics (IMMU), Nextera Energy Partners (NEP), Chipotle Mexican Grill (CMG), Buckeye Partners (BPL) and Aurinia Pharmaceuticals (AUPH).

Who are Adverum Biotechnologies' key executives?

Adverum Biotechnologies' management team includes the folowing people:
  • Dr. Mehdi Gasmi, Pres & Chief Scientific Officer (Age 52)
  • Dr. Mitchell H. Finer, Co-Founder & Director (Age 60)
  • Dr. Amber Salzman, Consultant (Age 57)
  • Ms. Leone D. Patterson, CEO & Director (Age 56)
  • Mr. Thomas Leung, Chief Financial Officer

Who are Adverum Biotechnologies' major shareholders?

Adverum Biotechnologies' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.83%), Renaissance Technologies LLC (5.98%), JPMorgan Chase & Co. (5.22%), Dimensional Fund Advisors LP (3.01%), WS Management Lllp (1.40%) and Geode Capital Management LLC (1.25%). View Institutional Ownership Trends for Adverum Biotechnologies.

Which institutional investors are selling Adverum Biotechnologies stock?

ADVM stock was sold by a variety of institutional investors in the last quarter, including Man Group plc, WS Management Lllp, Morgan Stanley, BlackRock Inc., Jacobs Levy Equity Management Inc., Connor Clark & Lunn Investment Management Ltd., California Public Employees Retirement System and Victory Capital Management Inc.. View Insider Buying and Selling for Adverum Biotechnologies.

Which institutional investors are buying Adverum Biotechnologies stock?

ADVM stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Dimensional Fund Advisors LP, Geode Capital Management LLC, Renaissance Technologies LLC, MetLife Investment Advisors LLC, MetLife Investment Advisors LLC, Metropolitan Life Insurance Co NY and State of Wisconsin Investment Board. View Insider Buying and Selling for Adverum Biotechnologies.

How do I buy shares of Adverum Biotechnologies?

Shares of ADVM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Adverum Biotechnologies' stock price today?

One share of ADVM stock can currently be purchased for approximately $9.16.

How big of a company is Adverum Biotechnologies?

Adverum Biotechnologies has a market capitalization of $581.06 million and generates $1.61 million in revenue each year. The biotechnology company earns $-72,630,000.00 in net income (profit) each year or ($1.18) on an earnings per share basis. Adverum Biotechnologies employs 82 workers across the globe.

What is Adverum Biotechnologies' official website?

The official website for Adverum Biotechnologies is http://www.adverum.com.

How can I contact Adverum Biotechnologies?

Adverum Biotechnologies' mailing address is 1035 O`BRIEN DRIVE, MENLO PARK CA, 94025. The biotechnology company can be reached via phone at 650-272-6269 or via email at [email protected]


MarketBeat Community Rating for Adverum Biotechnologies (NASDAQ ADVM)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  249 (Vote Outperform)
Underperform Votes:  259 (Vote Underperform)
Total Votes:  508
MarketBeat's community ratings are surveys of what our community members think about Adverum Biotechnologies and other stocks. Vote "Outperform" if you believe ADVM will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ADVM will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/21/2019 by MarketBeat.com Staff

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