AnaptysBio, Inc. (ANAB) Upgraded to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of AnaptysBio, Inc. (NASDAQ:ANAB) from a hold rating to a buy rating in a research report report published on Thursday. Zacks Investment Research currently has $34.00 price objective on the biotechnology company’s stock.
According to Zacks, “AnaptysBio, Inc. is a biotechnology company. It involved in the discovery and development of therapeutic antibodies for inflammation and immuno-oncology primarily in the Unites states. AnaptysBio, Inc. is based in San Diego, California. “
Several other analysts have also issued reports on the stock. Credit Suisse Group upped their price target on shares of AnaptysBio from $34.00 to $38.00 and gave the company an outperform rating in a research report on Friday, August 25th. Robert W. Baird began coverage on shares of AnaptysBio in a research report on Monday, July 10th. They set an outperform rating and a $36.00 price target for the company. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of Buy and a consensus target price of $36.00.
Shares of AnaptysBio (NASDAQ:ANAB) traded up 0.92% on Thursday, reaching $31.97. The company had a trading volume of 138,904 shares. The company’s 50-day moving average is $24.43 and its 200-day moving average is $25.03. The company’s market capitalization is $650.33 million. AnaptysBio has a one year low of $15.17 and a one year high of $32.05.
AnaptysBio (NASDAQ:ANAB) last posted its quarterly earnings results on Thursday, August 10th. The biotechnology company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.29. The business had revenue of $7 million for 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 year.
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In other news, major shareholder Ventures Vii L. P. Avalon sold 37,040 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $24.35, for a total transaction of $901,924.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Holdings A/S Novo sold 356,300 shares of the stock in a transaction dated 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 sale, the insider now owns 1,936,604 shares of the company’s stock, valued at $40,862,344.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,133,940 shares of company stock valued at $24,223,316.
Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in shares of AnaptysBio during the first quarter worth about $123,000. DAFNA Capital Management LLC boosted its holdings in shares of AnaptysBio by 22.2% during the second quarter. DAFNA Capital Management LLC now owns 5,500 shares of the biotechnology company’s stock worth $132,000 after purchasing an additional 1,000 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of AnaptysBio during the second quarter worth about $168,000. TIAA CREF Investment Management LLC purchased a new stake in shares of AnaptysBio during the first quarter worth about $227,000. Finally, Teachers Advisors LLC boosted its holdings in shares of AnaptysBio by 23.4% during the second quarter. Teachers Advisors LLC now owns 9,520 shares of the biotechnology company’s stock worth $228,000 after purchasing an additional 1,807 shares during the period. Institutional investors own 71.35% of the company’s stock.
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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