Anteris Technologies Global (NASDAQ:AVR) Sets New 52-Week High – Still a Buy?

Anteris Technologies Global Corp. (NASDAQ:AVR) reached a new 52-week high on Monday . The stock traded as high as $10.67 and last traded at $10.9070, with a volume of 819636 shares. The stock had previously closed at $10.24.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays boosted 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. 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 reissued a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Wells Fargo & Company assumed 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 on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Anteris Technologies Global in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Anteris Technologies Global currently has an average rating of “Moderate Buy” and an average target price of $16.00.

Anteris Technologies Global Stock Down 1.8%

The stock has a market capitalization of $948.29 million, a price-to-earnings ratio of -4.35 and a beta of 1.65. The stock has a 50 day moving average price of $8.65 and a 200 day moving average price of $6.72.

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). The business had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.77 million. Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.During the same period in the previous year, the firm earned ($0.61) earnings per share. Sell-side analysts forecast that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Susan Elizabeth Knight bought 11,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $9.29 per share, with a total value of $102,190.00. Following the transaction, the director owned 11,000 shares of the company’s stock, valued at $102,190. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Anteris Technologies Global

A number of institutional investors have recently modified their holdings of AVR. Russell Investments Group Ltd. increased its stake in shares of Anteris Technologies Global by 76.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after acquiring an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Anteris Technologies Global during the first quarter worth $32,000. BNP Paribas Financial Markets lifted its stake in shares of Anteris Technologies Global by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock valued at $43,000 after buying an additional 4,302 shares in the last quarter. Bank of America Corp DE lifted 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 in the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new position in shares of Anteris Technologies Global during the fourth quarter valued at about $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.