FBR & Co Reiterates Outperform Rating for AVEO Pharmaceuticals, Inc. (AVEO)
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO)‘s stock had its “outperform” rating reiterated by FBR & Co in a report issued on Saturday. They currently have a $3.00 price target on the biopharmaceutical company’s stock. FBR & Co’s target price suggests a potential upside of 417.15% from the company’s current price.
Shares of AVEO Pharmaceuticals (NASDAQ:AVEO) traded down 1.6780% during mid-day trading on Friday, hitting $0.5801. 469,257 shares of the stock traded hands. The stock has a 50-day moving average of $0.72 and a 200-day moving average of $0.68. AVEO Pharmaceuticals has a 52 week low of $0.50 and a 52 week high of $1.15. The company’s market cap is $44.01 million.
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In other news, major shareholder Equity Opportunities Iv Growth acquired 6,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The stock was acquired at an average cost of $0.50 per share, with a total value of $3,000,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of AVEO. Sarissa Capital Management LP bought a new stake in shares of AVEO Pharmaceuticals during the fourth quarter worth $917,000. New Leaf Venture Partners L.L.C. bought a new stake in shares of AVEO Pharmaceuticals during the fourth quarter worth $1,399,000. Renaissance Technologies LLC increased its stake in shares of AVEO Pharmaceuticals by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,743,900 shares of the biopharmaceutical company’s stock worth $1,482,000 after buying an additional 148,500 shares during the period. Finally, Perceptive Advisors LLC acquired a new position in AVEO Pharmaceuticals during the fourth quarter worth approximately $1,678,000. 37.94% of the stock is owned by hedge funds and other institutional investors.
AVEO Pharmaceuticals Company Profile
AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.
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