Wedbush restated their outperform rating on shares of AnaptysBio, Inc. (NASDAQ:ANAB) in a research note published on Friday. They currently have a $75.00 price target on the biotechnology company’s stock, up from their prior price target of $37.00. Wedbush also issued estimates for AnaptysBio’s Q1 2018 earnings at ($0.56) EPS, Q2 2018 earnings at ($0.61) EPS, Q3 2018 earnings at ($0.66) EPS, Q4 2018 earnings at ($0.72) EPS, FY2018 earnings at ($2.55) EPS, FY2019 earnings at ($2.95) EPS, FY2020 earnings at ($3.08) EPS and FY2021 earnings at ($1.81) EPS.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of AnaptysBio from a buy rating to a hold rating in a research report on Wednesday, October 11th. Robert W. Baird set a $69.00 price objective on shares of AnaptysBio and gave the stock a buy rating in a report on Wednesday, October 11th. Royal Bank Of Canada raised their price objective on shares of AnaptysBio from $40.00 to $79.00 and gave the stock an outperform rating in a report on Tuesday, October 10th. Credit Suisse Group raised their price objective on shares of AnaptysBio from $38.00 to $85.00 and gave the stock an outperform rating in a report on Tuesday, October 10th. Finally, JMP Securities raised their price objective on shares of AnaptysBio from $45.00 to $82.00 and gave the stock an outperform rating in a report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. AnaptysBio currently has an average rating of Buy and an average target price of $71.71.

AnaptysBio (NASDAQ ANAB) opened at 66.72 on Friday. The stock’s 50 day moving average is $36.95 and its 200 day moving average is $27.78. The firm’s market capitalization is $1.36 billion. AnaptysBio has a 1-year low of $15.17 and a 1-year high of $74.00.

AnaptysBio (NASDAQ:ANAB) last released 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 firm had revenue of $7.00 million for the quarter, compared to the consensus estimate of $3.45 million. Analysts predict that AnaptysBio will post ($1.99) EPS for the current fiscal year.

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In other news, major shareholder Ventures Vii L. P. Avalon sold 37,040 shares of AnaptysBio stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Holdings A/S Novo sold 70,706 shares of AnaptysBio stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $23.31, for a total transaction of $1,648,156.86. Following the completion of the transaction, the insider now owns 3,009,949 shares of the company’s stock, valued at approximately $70,161,911.19. The disclosure for this sale can be found here. Insiders sold 1,133,940 shares of company stock valued at $24,223,316 in the last quarter.

Several institutional investors and hedge funds have recently bought and sold shares of ANAB. Bank of America Corp DE purchased a new position in shares of AnaptysBio in the first quarter worth about $123,000. DAFNA Capital Management LLC increased 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 purchasing an additional 1,000 shares in the last quarter. New York State Common Retirement Fund purchased a new position in shares of AnaptysBio in the second quarter worth about $168,000. TIAA CREF Investment Management LLC purchased a new position in shares of AnaptysBio in the first quarter worth about $227,000. Finally, Teachers Advisors LLC increased its stake in shares of AnaptysBio by 23.4% in 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 in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

About AnaptysBio

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.

Analyst Recommendations for AnaptysBio (NASDAQ:ANAB)

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