Anteris Technologies Global (NASDAQ:AVR) Sets New 12-Month High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

AVR has been the subject of a number of analyst reports. Wall Street Zen upgraded Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Wells Fargo & Company initiated coverage on Anteris Technologies Global in a research note on Wednesday, March 11th. They set an “overweight” rating and a $16.00 price objective for the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $15.00 target price on shares of Anteris Technologies Global in a report on Friday, March 27th. Barclays lifted their price target on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Anteris Technologies Global has an average rating of “Moderate Buy” and an average price target of $16.00.

Anteris Technologies Global Stock Performance

The firm has a market cap of $1.01 billion, a PE ratio of -4.65 and a beta of 1.77. The firm has a fifty day simple moving average of $7.73 and a two-hundred day simple moving average of $6.31.

Anteris Technologies Global (NASDAQ:AVR) last posted its 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 during the quarter, compared to the consensus estimate of $0.77 million. During the same quarter last year, the firm earned ($0.61) earnings per share. Equities analysts forecast that Anteris Technologies Global Corp. will post -1.14 EPS for the current fiscal year.

Insider Transactions at Anteris Technologies Global

In other Anteris Technologies Global news, Director Susan Elizabeth Knight purchased 11,000 shares of Anteris Technologies Global stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $9.29 per share, for a total transaction of $102,190.00. Following the completion of the acquisition, the director owned 11,000 shares in the company, valued at $102,190. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Anteris Technologies Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its holdings in shares of Anteris Technologies Global by 76.9% in the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after purchasing an additional 2,841 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Anteris Technologies Global in the 1st quarter worth $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 worth $43,000 after buying an additional 4,302 shares during the period. Bank of America Corp DE grew its position in shares of Anteris Technologies Global by 35.7% during the 3rd 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. Finally, Duncan Williams Asset Management LLC bought a new position in shares of Anteris Technologies Global during the 4th quarter worth $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.