Antares Pharma, Inc. (ATRS) Reaches New 12-Month High at $3.42
Antares Pharma, Inc. (NASDAQ:ATRS) reached a new 52-week high during trading on Monday . The company traded as high as $3.42 and last traded at $3.43, with a volume of 3,302,437 shares traded. The stock had previously closed at $3.24.
A number of research firms recently weighed in on ATRS. Chardan Capital started coverage on Antares Pharma in a report on Friday, June 23rd. They set a “buy” rating and a $5.00 price target for the company. HC Wainwright reissued a “buy” rating and issued a $5.00 price objective on shares of Antares Pharma in a research note on Sunday, September 10th. Vetr raised Antares Pharma from a “hold” rating to a “buy” rating and set a $3.42 price objective on the stock in a research note on Tuesday, July 18th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Antares Pharma in a report on Friday, September 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $4.34.
The firm’s 50 day moving average is $3.04 and its 200-day moving average is $2.91. The company’s market capitalization is $534.91 million.
Antares Pharma (NASDAQ:ATRS) last issued its earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $13.42 million during the quarter, compared to the consensus estimate of $12.99 million. Antares Pharma had a negative return on equity of 41.37% and a negative net margin of 34.27%. On average, equities analysts forecast that Antares Pharma, Inc. will post ($0.11) earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. National Planning Corp boosted its position in Antares Pharma by 11.5% in the second quarter. National Planning Corp now owns 58,233 shares of the specialty pharmaceutical company’s stock valued at $186,000 after buying an additional 6,000 shares in the last quarter. KCG Holdings Inc. grew its stake in shares of Antares Pharma by 48.8% during the first quarter. KCG Holdings Inc. now owns 66,717 shares of the specialty pharmaceutical company’s stock worth $189,000 after buying an additional 21,881 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Antares Pharma by 10.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 289,093 shares of the specialty pharmaceutical company’s stock worth $822,000 after buying an additional 26,847 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Antares Pharma by 20.1% during the first quarter. Bank of New York Mellon Corp now owns 167,515 shares of the specialty pharmaceutical company’s stock worth $476,000 after buying an additional 28,029 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Antares Pharma by 228.2% during the second quarter. MML Investors Services LLC now owns 43,147 shares of the specialty pharmaceutical company’s stock worth $139,000 after buying an additional 30,000 shares during the last quarter. 36.77% of the stock is owned by institutional investors and hedge funds.
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Antares Pharma Company Profile
Antares Pharma, Inc (Antares) is a specialty pharmaceutical company that focuses on developing and commercializing self-administered parenteral pharmaceutical products and technologies. The Company develops, manufactures and commercializes therapeutic products using its drug delivery systems. Its subcutaneous injection technology platforms include VIBEX disposable pressure-assisted auto injector system suitable for branded and generic injectable drugs in unit dose containers, reusable needle-free spring-action injector devices, and disposable multi-use pen injectors for use with cartridges.
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