Zacks Investment Research Weighs in on Antares Pharma, Inc.’s FY2017 Earnings (ATRS)

Antares Pharma, Inc. (NASDAQ:ATRS) – Research analysts at Zacks Investment Research lifted their FY2017 earnings per share estimates for shares of Antares Pharma in a note issued to investors on Wednesday. Zacks Investment Research analyst J. Vandermosten now forecasts that the specialty pharmaceutical company will post earnings per share of ($0.14) for the year, up from their prior estimate of ($0.16).

Several other analysts have also commented on ATRS. Raymond James Financial, Inc. started coverage on shares of Antares Pharma in a research note on Thursday, April 20th. They set a “strong-buy” rating and a $4.30 target price for the company. HC Wainwright reissued a “buy” rating and set a $5.00 target price on shares of Antares Pharma in a research note on Friday, June 23rd. Chardan Capital began coverage on shares of Antares Pharma in a research note on Friday, June 23rd. They set a “buy” rating and a $5.00 target price for the company. Vetr lowered shares of Antares Pharma from a “strong-buy” rating to a “buy” rating and set a $3.47 price target on the stock. in a report on Monday, June 26th. Finally, Piper Jaffray Companies set a $4.00 price target on shares of Antares Pharma and gave the company a “buy” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. Antares Pharma presently has a consensus rating of “Buy” and an average target price of $3.83.

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Antares Pharma (NASDAQ ATRS) traded up 1.7387% during mid-day trading on Friday, reaching $2.9199. 416,162 shares of the company’s stock traded hands. Antares Pharma has a 52-week low of $1.01 and a 52-week high of $3.37. The company has a 50-day moving average of $3.15 and a 200-day moving average of $2.76. The company’s market capitalization is $456.69 million.

Antares Pharma (NASDAQ:ATRS) last issued its quarterly earnings data on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. Antares Pharma had a negative net margin of 34.27% and a negative return on equity of 41.37%. The business had revenue of $13.42 million during the quarter, compared to analysts’ expectations of $12.99 million.

In other news, insider Fred M. Powell purchased 130,000 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were acquired at an average price of $2.79 per share, for a total transaction of $362,700.00. Following the completion of the acquisition, the insider now directly owns 331,434 shares of the company’s stock, valued at $924,700.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.60% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in ATRS. Alliancebernstein L.P. purchased a new stake in Antares Pharma during the second quarter worth about $119,000. Legal & General Group Plc bought a new position in Antares Pharma during the second quarter valued at $120,000. Credit Suisse AG bought a new position in Antares Pharma during the first quarter valued at $146,000. National Planning Corp raised its position in Antares Pharma by 11.5% in the second quarter. National Planning Corp now owns 58,233 shares of the specialty pharmaceutical company’s stock valued at $186,000 after buying an additional 6,000 shares in the last quarter. Finally, KCG Holdings Inc. raised its position in Antares Pharma by 48.8% in the first quarter. KCG Holdings Inc. now owns 66,717 shares of the specialty pharmaceutical company’s stock valued at $189,000 after buying an additional 21,881 shares in the last quarter. Institutional investors and hedge funds own 31.70% of the company’s stock.

Antares Pharma Company Profile

Antares Pharma, Inc (Antares) is a specialty pharmaceutical company that focuses on developing and commercializing self-administered parenteral pharmaceutical products and technologies. The Company develops, manufactures and commercializes therapeutic products using its drug delivery systems. Its subcutaneous injection technology platforms include VIBEX disposable pressure-assisted auto injector system suitable for branded and generic injectable drugs in unit dose containers, reusable needle-free spring-action injector devices, and disposable multi-use pen injectors for use with cartridges.

Earnings History and Estimates for Antares Pharma (NASDAQ:ATRS)

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