Anteris Technologies Global (NASDAQ:AVR) Sets New 12-Month High – Should You Buy?

Anteris Technologies Global Corp. (NASDAQ:AVR)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.21 and last traded at $10.1850, with a volume of 516497 shares trading hands. The stock had previously closed at $9.59.

Analyst Ratings Changes

Several equities research analysts have weighed in on 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, May 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 target price on shares of Anteris Technologies Global in a research note on Friday, March 27th. Wall Street Zen raised shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Wells Fargo & Company began coverage on shares of Anteris Technologies Global in a research note on Wednesday, March 11th. They issued an “overweight” rating and a $16.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Anteris Technologies Global Stock Performance

The company has a 50-day moving average price of $7.90 and a 200-day moving average price of $6.39. The firm has a market capitalization of $990.92 million, a price-to-earnings ratio of -4.51 and a beta of 1.78.

Anteris Technologies Global (NASDAQ:AVR) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The business had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.77 million. Anteris Technologies Global had a negative net margin of 5,148.78% and a negative return on equity of 124.76%. During the same quarter in the previous year, the company posted ($0.61) EPS. On average, research analysts expect that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Susan Elizabeth Knight acquired 11,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were bought at an average price of $9.29 per share, with a total value of $102,190.00. Following the completion of the acquisition, the director owned 11,000 shares in the company, valued at $102,190. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AVR. Russell Investments Group Ltd. raised its stake in Anteris Technologies Global by 76.9% during 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 first quarter worth about $32,000. BNP Paribas Financial Markets lifted its holdings in shares of Anteris Technologies Global by 83.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock valued at $43,000 after purchasing an additional 4,302 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Anteris Technologies Global by 35.7% in the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock valued at $48,000 after purchasing an additional 2,798 shares during the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new stake in shares of Anteris Technologies Global in the 4th quarter valued at about $54,000.

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.