AveXis (AVXS) Given a $122.00 Price Target by UBS Group Analysts

AveXis (NASDAQ:AVXS) has been given a $122.00 price objective by equities researchers at UBS Group in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 16.48% from the stock’s current price.

Several other analysts have also commented on AVXS. Citigroup set a $132.00 price objective on shares of AveXis and gave the stock a “buy” rating in a research report on Friday. Canaccord Genuity set a $110.00 price target on shares of AveXis and gave the company a “hold” rating in a research report on Wednesday, December 20th. BMO Capital Markets reissued an “outperform” rating and issued a $123.00 price target on shares of AveXis in a research report on Saturday, September 30th. BidaskClub raised shares of AveXis from a “sell” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, Jefferies Group boosted their price target on shares of AveXis to $118.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. AveXis has a consensus rating of “Buy” and a consensus target price of $111.56.

Shares of AveXis (AVXS) opened at $104.74 on Friday. The company has a market cap of $3,350.00 and a PE ratio of -18.77. AveXis has a 12-month low of $50.56 and a 12-month high of $116.15.

AveXis (NASDAQ:AVXS) last announced its quarterly earnings data on Thursday, November 9th. The company reported ($1.52) EPS for the quarter, missing the consensus estimate of ($1.48) by ($0.04). During the same period last year, the company earned ($0.87) EPS. equities analysts predict that AveXis will post -6.23 earnings per share for the current fiscal year.

In related news, VP Sukumar Nagendran sold 1,780 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $109.72, for a total transaction of $195,301.60. Following the sale, the vice president now owns 1,780 shares of the company’s stock, valued at approximately $195,301.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew F. Knudten sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $94.48, for a total transaction of $188,960.00. Following the sale, the vice president now directly owns 7,000 shares in the company, valued at approximately $661,360. The disclosure for this sale can be found here. Insiders have sold a total of 67,340 shares of company stock worth $6,840,745 in the last ninety days. 18.60% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of AVXS. Strs Ohio bought a new stake in AveXis during the 3rd quarter worth approximately $116,000. Ameritas Investment Partners Inc. increased its holdings in AveXis by 331.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,112 shares of the company’s stock worth $174,000 after acquiring an additional 1,622 shares during the period. Cubist Systematic Strategies LLC increased its holdings in AveXis by 688.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 1,806 shares of the company’s stock worth $175,000 after acquiring an additional 1,577 shares during the period. Teacher Retirement System of Texas bought a new stake in AveXis during the 3rd quarter worth approximately $200,000. Finally, Deschutes Portfolio Strategy LLC bought a new stake in AveXis during the 3rd quarter worth approximately $203,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

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About AveXis

AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.

Analyst Recommendations for AveXis (NASDAQ:AVXS)

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