AnaptysBio, Inc. (ANAB) Given a $69.00 Price Target by Robert W. Baird Analysts
AnaptysBio, Inc. (NASDAQ:ANAB) has been assigned a $69.00 price objective by research analysts at Robert W. Baird in a report issued on Wednesday. The firm presently has a “buy” rating on the biotechnology company’s stock. Robert W. Baird’s price objective would indicate a potential downside of 2.54% from the company’s previous close.
A number of other brokerages have also weighed in on ANAB. JMP Securities raised their price target on shares of AnaptysBio from $45.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday. Zacks Investment Research lowered shares of AnaptysBio from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Credit Suisse Group raised their price target on shares of AnaptysBio from $38.00 to $85.00 in a report on Tuesday. Finally, Royal Bank Of Canada started coverage on shares of AnaptysBio in a report on Thursday, September 14th. They issued an “outperform” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $59.14.
AnaptysBio (NASDAQ:ANAB) traded down 3.16% during midday trading on Wednesday, reaching $68.56. The company’s stock had a trading volume of 1,018,201 shares. AnaptysBio has a 52-week low of $15.17 and a 52-week high of $74.00. The firm has a 50-day moving average price of $38.75 and a 200 day moving average price of $38.75. The stock’s market capitalization is $1.39 billion.
AnaptysBio (NASDAQ:ANAB) last issued its quarterly earnings results on Thursday, August 10th. The biotechnology company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.29. The company had revenue of $7.00 million during the quarter, compared to analyst estimates of $3.45 million. Equities research analysts predict that AnaptysBio will post ($1.99) EPS for the current fiscal year.
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In other AnaptysBio news, major shareholder Holdings A/S Novo sold 70,706 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $23.31, for a total value of $1,648,156.86. Following the transaction, the insider now directly owns 3,009,949 shares of the company’s stock, valued at $70,161,911.19. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Ventures Vii L. P. Avalon sold 37,040 shares of the firm’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 transaction of $901,924.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,133,940 shares of company stock worth $24,223,316.
A number of hedge funds have recently made changes to their positions in the business. Perceptive Advisors LLC bought a new position in AnaptysBio in the first quarter valued at approximately $24,474,000. Artal Group S.A. boosted its stake in AnaptysBio by 459.4% in the second quarter. Artal Group S.A. now owns 250,000 shares of the biotechnology company’s stock valued at $5,983,000 after acquiring an additional 205,310 shares during the last quarter. Marshall Wace North America L.P. bought a new position in AnaptysBio in the first quarter valued at approximately $6,924,000. MARSHALL WACE ASIA Ltd bought a new position in AnaptysBio in the first quarter valued at approximately $6,924,000. Finally, Vanguard Group Inc. boosted its stake in AnaptysBio by 22.6% in the second quarter. Vanguard Group Inc. now owns 206,031 shares of the biotechnology company’s stock valued at $4,931,000 after acquiring an additional 37,932 shares during the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.
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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