Simplify Asset Management Inc. Takes Position in SAB Biotherapeutics, Inc. $SABS

Simplify Asset Management Inc. purchased a new position in SAB Biotherapeutics, Inc. (NASDAQ:SABSFree Report) during the 4th quarter, HoldingsChannel reports. The firm purchased 208,227 shares of the company’s stock, valued at approximately $779,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. ADAR1 Capital Management LLC bought a new position in SAB Biotherapeutics during the 3rd quarter worth $30,000. Dimensional Fund Advisors LP bought a new position in shares of SAB Biotherapeutics during the third quarter worth about $32,000. Virtu Financial LLC bought a new position in shares of SAB Biotherapeutics during the third quarter worth about $40,000. Jefferies Financial Group Inc. acquired a new stake in shares of SAB Biotherapeutics in the 4th quarter worth about $2,170,000. Finally, Woodline Partners LP bought a new stake in SAB Biotherapeutics in the 3rd quarter valued at about $5,730,000. Institutional investors and hedge funds own 7.82% of the company’s stock.

SAB Biotherapeutics Price Performance

NASDAQ:SABS opened at $3.90 on Monday. The company has a quick ratio of 11.45, a current ratio of 11.45 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $3.83 and its 200 day moving average price is $3.85. SAB Biotherapeutics, Inc. has a 52-week low of $1.60 and a 52-week high of $6.60. The firm has a market cap of $298.21 million, a P/E ratio of -1.85 and a beta of 0.55.

SAB Biotherapeutics (NASDAQ:SABSGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.15). As a group, sell-side analysts predict that SAB Biotherapeutics, Inc. will post -1.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SABS. Citigroup assumed coverage on shares of SAB Biotherapeutics in a research note on Friday. They set a “buy” rating and a $11.00 target price for the company. Chardan Capital lifted their price target on SAB Biotherapeutics from $12.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, March 11th. Wall Street Zen downgraded SAB Biotherapeutics from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Rodman & Renshaw restated a “buy” rating and issued a $13.00 target price on shares of SAB Biotherapeutics in a research report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SAB Biotherapeutics in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.00.

Get Our Latest Stock Analysis on SAB Biotherapeutics

SAB Biotherapeutics Company Profile

(Free Report)

SAB Biotherapeutics, Inc is a clinical-stage biotechnology company headquartered in Sioux Falls, South Dakota, that focuses on developing fully human polyclonal antibody therapeutics. The company’s proprietary platform, known as Tc BovineĀ®, uses genetically engineered cattle to generate large quantities of human antibodies tailored to target specific infectious agents or disease-related antigens. This approach is designed to combine the broad-spectrum coverage of polyclonal antibody therapies with the scalability and consistency required for clinical development and commercial use.

The company’s lead programs are directed primarily at infectious diseases.

See Also

Want to see what other hedge funds are holding SABS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SAB Biotherapeutics, Inc. (NASDAQ:SABSFree Report).

Institutional Ownership by Quarter for SAB Biotherapeutics (NASDAQ:SABS)

Receive News & Ratings for SAB Biotherapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAB Biotherapeutics and related companies with MarketBeat.com's FREE daily email newsletter.