Anteris Technologies Global’s (AVR) “Overweight” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Anteris Technologies Global (NASDAQ:AVR) in a research report released on Friday,Benzinga reports. The firm currently has a $15.00 target price on the stock.

Other analysts also recently issued research reports about the company. Barclays raised their price objective on Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Finally, Wall Street Zen raised Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Anteris Technologies Global currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Anteris Technologies Global Stock Performance

Shares of AVR opened at $9.40 on Friday. The firm has a market capitalization of $916.12 million, a P/E ratio of -4.82 and a beta of 1.78. The company has a 50-day simple moving average of $9.13 and a 200-day simple moving average of $7.38. Anteris Technologies Global has a 52 week low of $3.30 and a 52 week high of $11.06.

Anteris Technologies Global (NASDAQ:AVR) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.09). Anteris Technologies Global had a negative net margin of 4,619.27% and a negative return on equity of 77.69%. The company had revenue of $1.01 million during the quarter, compared to the consensus estimate of $1.50 million. During the same quarter last year, the company earned ($0.58) earnings per share. As a group, equities analysts forecast that Anteris Technologies Global will post -1.14 earnings per share for the current year.

Insider Activity at Anteris Technologies Global

In related news, major shareholder L1 Capital Pty Ltd sold 558,633 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $8.20, for a total value of $4,580,790.60. Following the completion of the transaction, the insider owned 6,633,314 shares of the company’s stock, valued at $54,393,174.80. The trade was a 7.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 3,000,659 shares of company stock valued at $25,174,702 in the last quarter. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. L1 Capital Pty Ltd boosted its position in Anteris Technologies Global by 143.2% during the 3rd quarter. L1 Capital Pty Ltd now owns 6,838,136 shares of the company’s stock worth $30,772,000 after buying an additional 4,026,136 shares during the period. BlackRock Inc. acquired a new position in Anteris Technologies Global during the 2nd quarter worth about $56,846,000. ADAR1 Capital Management LLC grew its position in shares of Anteris Technologies Global by 205.9% in the 1st quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company’s stock valued at $21,030,000 after buying an additional 2,550,355 shares during the last quarter. Perceptive Advisors LLC increased its stake in shares of Anteris Technologies Global by 104.4% in the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company’s stock valued at $19,011,000 after buying an additional 1,750,000 shares during the period. Finally, Nantahala Capital Management LLC increased its stake in shares of Anteris Technologies Global by 31.9% in the fourth quarter. Nantahala Capital Management LLC now owns 2,530,910 shares of the company’s stock valued at $12,629,000 after buying an additional 612,244 shares during the period.

Anteris Technologies Global Company Profile

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.