Anteris Technologies Global (NASDAQ:AVR) Sets New 1-Year High – Here’s What Happened

Anteris Technologies Global Corp. (NASDAQ:AVR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $7.86 and last traded at $7.70, with a volume of 1648220 shares changing hands. The stock had previously closed at $7.57.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AVR. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 price objective on shares of Anteris Technologies Global in a report on Friday, March 27th. Wall Street Zen upgraded Anteris Technologies Global from a “sell” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company began coverage on Anteris Technologies Global in a report on Wednesday, March 11th. They set an “overweight” rating and a $16.00 price target for the company. Barclays upped their price target on Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Lake Street Capital reiterated a “buy” rating and set a $15.00 price target on shares of Anteris Technologies Global in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Anteris Technologies Global Stock Up 1.7%

The company has a 50-day simple moving average of $6.00 and a two-hundred day simple moving average of $5.41. The firm has a market cap of $749.52 million, a PE ratio of -3.45 and a beta of 1.32.

Anteris Technologies Global (NASDAQ:AVR) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $0.77 million. During the same period in the prior year, the firm posted ($0.61) EPS. As a group, equities analysts predict that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in Anteris Technologies Global by 76.9% in the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock worth $29,000 after purchasing an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Anteris Technologies Global in the first quarter worth $32,000. BNP Paribas Financial Markets boosted its position in Anteris Technologies Global by 83.3% in 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 boosted its position in Anteris Technologies Global by 35.7% in 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, Duncan Williams Asset Management LLC purchased a new position in Anteris Technologies Global in the fourth quarter worth $54,000.

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.