Anteris Technologies Global (NASDAQ:AVR) Hits New 12-Month High – Here’s Why

Shares of Anteris Technologies Global Corp. (NASDAQ:AVRGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $7.86 and last traded at $7.70, with a volume of 1648220 shares. The stock had previously closed at $7.57.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 target price on shares of Anteris Technologies Global in a research report on Friday, March 27th. Wells Fargo & Company assumed coverage on shares of Anteris Technologies Global in a research report on Wednesday, March 11th. They set an “overweight” rating and a $16.00 target price on the stock. Barclays boosted their target price on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $15.00 target price on shares of Anteris Technologies Global in a research report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Anteris Technologies Global has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

View Our Latest Stock Report on Anteris Technologies Global

Anteris Technologies Global Price Performance

The stock’s 50 day simple moving average is $6.11 and its two-hundred day simple moving average is $5.47. The stock has a market cap of $876.06 million, a price-to-earnings ratio of -4.04 and a beta of 1.32.

Anteris Technologies Global (NASDAQ:AVRGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.The business had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.77 million. During the same quarter in the prior year, the firm earned ($0.61) EPS. As a group, analysts predict that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current year.

Institutional Investors Weigh In On Anteris Technologies Global

A number of institutional investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in Anteris Technologies Global by 8.1% during the fourth quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock worth $144,000 after buying an additional 2,171 shares in the last quarter. Bank of America Corp DE boosted 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 buying an additional 2,798 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Anteris Technologies Global by 76.9% during the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock worth $29,000 after buying an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Anteris Technologies Global by 35.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,744 shares of the company’s stock worth $45,000 after buying an additional 3,055 shares in the last quarter. Finally, Barclays PLC boosted its stake in Anteris Technologies Global by 3.0% during the fourth quarter. Barclays PLC now owns 148,128 shares of the company’s stock worth $739,000 after buying an additional 4,289 shares in the last quarter.

About Anteris Technologies Global

(Get Free Report)

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.

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