BMO Capital Markets reissued their buy rating on shares of AveXis (NASDAQ:AVXS) in a research report report published on Monday.

Several other brokerages also recently weighed in on AVXS. Citigroup set a $132.00 target price on AveXis and gave the company a buy rating in a research note on Friday, January 5th. Canaccord Genuity set a $110.00 target price on AveXis and gave the company a hold rating in a research note on Wednesday, December 20th. BidaskClub downgraded AveXis from a hold rating to a sell rating in a research note on Thursday, December 14th. Bank of America decreased their target price on AveXis from $115.00 to $112.00 and set a buy rating for the company in a research note on Friday, November 10th. Finally, Morgan Stanley set a $120.00 target price on AveXis and gave the company a buy rating in a research note on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $111.67.

Shares of AveXis (NASDAQ AVXS) traded up $1.16 during trading hours on Monday, reaching $117.50. The company had a trading volume of 624,968 shares, compared to its average volume of 476,200. AveXis has a 1 year low of $50.56 and a 1 year high of $119.00. The company has a market cap of $3,720.00 and a P/E ratio of -21.06.

AveXis (NASDAQ:AVXS) last announced its earnings results on Thursday, November 9th. The company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of ($1.48) by ($0.04). During the same quarter in the previous year, the company posted ($0.87) earnings per share. sell-side analysts anticipate that AveXis will post -6.23 EPS for the current fiscal year.

In related news, insider Brian K. Kaspar sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $109.75, for a total transaction of $1,646,250.00. Following the completion of the transaction, the insider now owns 1,808,386 shares in the company, valued at approximately $198,470,363.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Sukumar Nagendran sold 1,780 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $101.26, for a total value of $180,242.80. Following the transaction, the vice president now owns 1,780 shares of the company’s stock, valued at approximately $180,242.80. The disclosure for this sale can be found here. Insiders have sold a total of 52,340 shares of company stock valued at $5,318,845 in the last 90 days. 18.60% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Amalgamated Bank lifted its position in shares of AveXis by 19.6% during the 3rd quarter. Amalgamated Bank now owns 3,187 shares of the company’s stock worth $308,000 after buying an additional 523 shares during the period. Parametric Portfolio Associates LLC increased its holdings in AveXis by 2.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 20,943 shares of the company’s stock valued at $1,721,000 after purchasing an additional 598 shares in the last quarter. ProShare Advisors LLC increased its holdings in AveXis by 6.4% during the 2nd quarter. ProShare Advisors LLC now owns 16,427 shares of the company’s stock valued at $1,350,000 after purchasing an additional 985 shares in the last quarter. SG Americas Securities LLC increased its holdings in AveXis by 28.2% during the 2nd quarter. SG Americas Securities LLC now owns 5,111 shares of the company’s stock valued at $420,000 after purchasing an additional 1,124 shares in the last quarter. Finally, Strs Ohio acquired a new stake in AveXis during the 3rd quarter valued at $116,000. Institutional investors and hedge funds own 92.88% of the company’s stock.

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About AveXis

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.

Analyst Recommendations for AveXis (NASDAQ:AVXS)

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