AVEO Pharmaceuticals, Inc. (AVEO) Receives “Outperform” Rating from FBR & Co
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO)‘s stock had its “outperform” rating reiterated by investment analysts at FBR & Co in a report released on Monday, May 22nd. They currently have a $3.00 price objective on the biopharmaceutical company’s stock. FBR & Co’s target price indicates a potential upside of 292.77% from the company’s current price.
Separately, Zacks Investment Research lowered shares of AVEO Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Monday, March 27th.
AVEO Pharmaceuticals (AVEO) traded up 4.8888% on Monday, reaching $0.7638. 1,575,407 shares of the company traded hands. The company has a 50-day moving average price of $0.69 and a 200-day moving average price of $0.68. The company’s market capitalization is $84.29 million. AVEO Pharmaceuticals has a 12 month low of $0.50 and a 12 month high of $1.09.
AVEO Pharmaceuticals (NASDAQ:AVEO) last posted its earnings results on Thursday, May 4th. The biopharmaceutical company reported ($0.12) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.12). AVEO Pharmaceuticals had a negative net margin of 728.85% and a negative return on equity of 836.92%. The business had revenue of $2.53 million for the quarter. Equities research analysts expect that AVEO Pharmaceuticals will post ($0.44) EPS for the current year.
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In related news, major shareholder Equity Opportunities Iv Growth acquired 6,000,000 shares of the firm’s stock in a transaction on Tuesday, March 28th. The shares were purchased at an average price of $0.50 per share, with a total value of $3,000,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.70% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Paloma Partners Management Co bought a new stake in shares of AVEO Pharmaceuticals during the first quarter worth approximately $184,000. Geode Capital Management LLC raised its stake in shares of AVEO Pharmaceuticals by 3.9% in the first quarter. Geode Capital Management LLC now owns 315,153 shares of the biopharmaceutical company’s stock worth $185,000 after buying an additional 11,870 shares in the last quarter. UBS Oconnor LLC bought a new stake in shares of AVEO Pharmaceuticals during the first quarter worth approximately $291,000. Sabby Management LLC bought a new stake in shares of AVEO Pharmaceuticals during the first quarter worth approximately $513,000. Finally, Sarissa Capital Management LP bought a new stake in shares of AVEO Pharmaceuticals during the fourth quarter worth approximately $917,000. 50.96% of the stock is currently 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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