Anteris Technologies Global (NASDAQ:AVR) Upgraded at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Anteris Technologies Global (NASDAQ:AVR) to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Several other brokerages also recently weighed in on AVR. Weiss Ratings restated a “sell (e+)” rating on shares of Anteris Technologies Global in a research note on Monday, December 29th. Lake Street Capital reiterated a “buy” rating and issued a $15.00 price target on shares of Anteris Technologies Global in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Anteris Technologies Global has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Anteris Technologies Global Price Performance

Shares of AVR stock opened at $6.20 on Wednesday. The company has a market capitalization of $255.44 million, a PE ratio of -2.42 and a beta of 1.15. The firm has a fifty day simple moving average of $5.65 and a 200-day simple moving average of $4.92. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.01. Anteris Technologies Global has a twelve month low of $2.34 and a twelve month high of $8.08.

Anteris Technologies Global (NASDAQ:AVR) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.75) earnings per share (EPS) for the quarter. Anteris Technologies Global had a negative return on equity of 536.04% and a negative net margin of 4,921.27%.The firm had revenue of $0.31 million for the quarter. Equities research analysts anticipate that Anteris Technologies Global will post -2.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder L1 Capital Pty Ltd acquired 5,000,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was purchased at an average cost of $5.75 per share, with a total value of $28,750,000.00. Following the completion of the acquisition, the insider directly owned 13,219,814 shares in the company, valued at $76,013,930.50. This represents a 60.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. grew its position in shares of Anteris Technologies Global by 76.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock worth $29,000 after acquiring an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Anteris Technologies Global during the 1st quarter valued at approximately $32,000. BNP Paribas Financial Markets lifted its stake in Anteris Technologies Global by 83.3% during the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock worth $43,000 after purchasing an additional 4,302 shares during the last quarter. Bank of America Corp DE lifted its stake in Anteris Technologies Global by 35.7% during the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after purchasing an additional 2,798 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Anteris Technologies Global in the second quarter worth $49,000.

About Anteris Technologies Global

Anteris Technologies Global Corp. engages in the development and commercialization of medical devices for heart diseases. The company was founded in 1999 and is headquartered in Eagan, MN.