Anteris Technologies Global Corp. (NASDAQ:AVR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Anteris Technologies Global Corp. (NASDAQ:AVR) have received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $16.00.

Several research analysts have recently issued reports on the company. Wall Street Zen raised Anteris Technologies Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Finally, 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 report on Friday, May 15th.

Anteris Technologies Global Price Performance

Shares of AVR opened at $8.17 on Wednesday. Anteris Technologies Global has a 12-month low of $2.99 and a 12-month high of $11.06. The business has a 50-day simple moving average of $9.28 and a two-hundred day simple moving average of $7.09. The stock has a market cap of $795.28 million, a PE ratio of -3.66 and a beta of 1.65.

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

Insider Buying and Selling at Anteris Technologies Global

In other news, major shareholder L1 Capital Pty Ltd sold 23,000 shares of Anteris Technologies Global stock in a transaction on Friday, July 24th. The shares were sold at an average price of $8.13, for a total transaction of $186,990.00. Following the transaction, the insider owned 7,789,000 shares in the company, valued at approximately $63,324,570. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan Elizabeth Knight purchased 11,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of $9.29 per share, for a total transaction of $102,190.00. Following the acquisition, the director owned 11,000 shares of the company’s stock, valued at $102,190. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG grew its position in shares of Anteris Technologies Global by 8.1% in the 4th quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock valued at $144,000 after buying an additional 2,171 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 valued at $48,000 after buying an additional 2,798 shares during the period. Russell Investments Group Ltd. raised its position in shares of 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 acquiring an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 acquiring an additional 3,055 shares during the last quarter. Finally, Barclays PLC raised its position in shares of 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 acquiring an additional 4,289 shares during the last quarter.

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.