Credit Suisse Group Boosts AnaptysBio, Inc. (ANAB) Price Target to $38.00
AnaptysBio, Inc. (NASDAQ:ANAB) had its price objective raised by Credit Suisse Group from $34.00 to $38.00 in a research note published on Friday morning. The firm currently has an outperform rating on the biotechnology company’s stock.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of AnaptysBio from a hold rating to a buy rating and set a $25.00 price target for the company in a research note on Tuesday, August 22nd. Robert W. Baird assumed coverage on shares of AnaptysBio in a research note on Monday, July 10th. They issued an outperform rating and a $36.00 price target for the company. Finally, Stifel Nicolaus boosted their price target on shares of AnaptysBio from $30.00 to $35.00 and gave the stock a buy rating in a research note on Tuesday, May 2nd. Six investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus price target of $34.50.
AnaptysBio (NASDAQ ANAB) opened at 23.85 on Friday. AnaptysBio has a one year low of $15.17 and a one year high of $30.71. The company’s market capitalization is $485.16 million. The firm has a 50-day moving average of $23.98 and a 200 day moving average of $24.68.
AnaptysBio (NASDAQ:ANAB) last released its quarterly earnings results on Thursday, August 10th. The biotechnology company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.29. The company had revenue of $7 million during the quarter, compared to analysts’ expectations of $3.45 million. Equities research analysts predict that AnaptysBio will post ($1.96) earnings per share for the current fiscal year.
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In other AnaptysBio news, major shareholder Ventures Vii L. P. Avalon sold 37,040 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $24.35, for a total value of $901,924.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings A/S Novo sold 356,300 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $21.10, for a total transaction of $7,517,930.00. Following the completion of the transaction, the insider now directly owns 1,936,604 shares of the company’s stock, valued at approximately $40,862,344.40. The disclosure for this sale can be found here. In the last three months, insiders sold 1,133,940 shares of company stock valued at $24,223,316.
A number of institutional investors have recently added to or reduced their stakes in ANAB. State Street Corp boosted its position in AnaptysBio by 108.8% in the second quarter. State Street Corp now owns 74,833 shares of the biotechnology company’s stock worth $1,791,000 after buying an additional 38,996 shares in the last quarter. DAFNA Capital Management LLC boosted its stake in shares of AnaptysBio by 22.2% in the second quarter. DAFNA Capital Management LLC now owns 5,500 shares of the biotechnology company’s stock worth $132,000 after buying an additional 1,000 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of AnaptysBio during the second quarter worth about $277,000. Vanguard Group Inc. boosted its stake in shares of AnaptysBio by 22.6% in the second quarter. Vanguard Group Inc. now owns 206,031 shares of the biotechnology company’s stock worth $4,931,000 after buying an additional 37,932 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of AnaptysBio by 360.6% in the second quarter. Northern Trust Corp now owns 60,042 shares of the biotechnology company’s stock worth $1,436,000 after buying an additional 47,005 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.
AnaptysBio Company Profile
AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.
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