AveXis, Inc. (AVXS) Now Covered by Analysts at Barclays PLC
A number of other research analysts have also weighed in on AVXS. Citigroup Inc. initiated coverage on shares of AveXis in a report on Tuesday, May 23rd. They issued a buy rating and a $90.00 target price for the company. Jefferies Group LLC reissued a buy rating and issued a $92.00 target price on shares of AveXis in a report on Thursday, May 25th. BMO Capital Markets reissued an outperform rating and issued a $95.00 target price on shares of AveXis in a report on Friday, June 16th. Chardan Capital set a $103.00 target price on shares of AveXis and gave the company a buy rating in a report on Sunday, June 18th. Finally, Zacks Investment Research raised shares of AveXis from a sell rating to a hold rating in a report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $99.75.
AveXis (NASDAQ:AVXS) opened at 93.665 on Wednesday. The firm’s market capitalization is $2.99 billion. AveXis has a one year low of $32.31 and a one year high of $99.45. The stock’s 50 day moving average is $92.16 and its 200-day moving average is $78.67.
AveXis (NASDAQ:AVXS) last posted its earnings results on Thursday, August 10th. The company reported ($2.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.97) by $1.10. During the same quarter in the previous year, the firm earned ($0.68) EPS. On average, analysts anticipate that AveXis will post ($5.94) EPS for the current fiscal year.
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In other AveXis news, VP Sukumar Nagendran sold 1,780 shares of AveXis stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $91.52, for a total transaction of $162,905.60. Following the completion of the transaction, the vice president now directly owns 1,780 shares of the company’s stock, valued at $162,905.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 5,340 shares of company stock valued at $474,637 over the last ninety days. 18.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Botty Investors LLC purchased a new stake in shares of AveXis during the second quarter valued at $123,000. Quantbot Technologies LP purchased a new stake in shares of AveXis during the first quarter valued at $117,000. Ameritas Investment Partners Inc. boosted its stake in shares of AveXis by 331.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,112 shares of the company’s stock valued at $174,000 after purchasing an additional 1,622 shares during the period. Seven Bridges Advisors LLC boosted its stake in shares of AveXis by 49.4% during the second quarter. Seven Bridges Advisors LLC now owns 2,557 shares of the company’s stock valued at $210,000 after purchasing an additional 846 shares during the period. Finally, Amalgamated Bank purchased a new stake in shares of AveXis during the second quarter valued at $219,000. 94.71% of the stock is owned by hedge funds and other institutional investors.
AveXis Company Profile
AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.
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