AVEO Pharmaceuticals, Inc. (AVEO) to Post FY2021 Earnings of ($0.06) Per Share, FBR & Co Forecasts
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) – FBR & Co issued their FY2021 EPS estimates for shares of AVEO Pharmaceuticals in a research note issued on Thursday, Zacks Investment Research reports. FBR & Co analyst V. Bernardino forecasts that the biopharmaceutical company will post earnings of ($0.06) per share for the year. FBR & Co has a “Outperform” rating and a $3.00 price objective on the stock.
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Separately, Zacks Investment Research downgraded shares of AVEO Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Monday, March 27th.
AVEO Pharmaceuticals (NASDAQ:AVEO) traded down 1.6780% during midday trading on Friday, hitting $0.5801. 469,257 shares of the stock were exchanged. The firm has a 50 day moving average of $0.72 and a 200-day moving average of $0.68. The stock’s market cap is $44.01 million. AVEO Pharmaceuticals has a 12-month low of $0.50 and a 12-month high of $1.15.
In other AVEO Pharmaceuticals news, major shareholder Equity Opportunities Iv Growth purchased 6,000,000 shares of the company’s stock in a transaction on Tuesday, March 28th. The shares were purchased at an average cost of $0.50 per share, for a total transaction of $3,000,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of AVEO. Sarissa Capital Management LP acquired a new stake in shares of AVEO Pharmaceuticals during the fourth quarter valued at approximately $917,000. New Leaf Venture Partners L.L.C. bought a new stake in AVEO Pharmaceuticals during the fourth quarter valued at about $1,399,000. Renaissance Technologies LLC increased its stake in AVEO Pharmaceuticals by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,743,900 shares of the biopharmaceutical company’s stock valued at $1,482,000 after buying an additional 148,500 shares during the last quarter. Finally, Perceptive Advisors LLC bought a new stake in AVEO Pharmaceuticals during the fourth quarter valued at about $1,678,000. Hedge funds and other institutional investors own 37.94% of the company’s stock.
About AVEO Pharmaceuticals
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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