ValuEngine cut shares of Axovant Sciences (NASDAQ:AXON) from a sell rating to a strong sell rating in a research report sent to investors on Monday.
A number of other brokerages also recently commented on AXON. Jefferies Group downgraded shares of Axovant Sciences from a buy rating to a hold rating and set a $6.00 target price on the stock. in a research note on Thursday, December 21st. Chardan Capital raised shares of Axovant Sciences from a sell rating to a neutral rating and set a $2.50 target price on the stock in a research note on Wednesday, January 10th. Cowen downgraded shares of Axovant Sciences from an outperform rating to a market perform rating in a research note on Friday, January 12th. Zacks Investment Research raised shares of Axovant Sciences from a hold rating to a buy rating and set a $2.25 target price on the stock in a research note on Wednesday, January 31st. Finally, Oppenheimer reaffirmed a hold rating on shares of Axovant Sciences in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $13.61.
AXON stock traded up $0.03 during trading on Monday, reaching $1.24. 63,531 shares of the stock were exchanged, compared to its average volume of 1,431,600. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.58 and a quick ratio of 4.58. Axovant Sciences has a 1 year low of $1.15 and a 1 year high of $27.98. The company has a market capitalization of $135.27, a PE ratio of -0.66 and a beta of -0.40.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Axovant Sciences by 99.8% during the 4th quarter. BlackRock Inc. now owns 2,912,219 shares of the biotechnology company’s stock worth $15,347,000 after buying an additional 1,454,454 shares during the period. OxFORD Asset Management LLP increased its stake in Axovant Sciences by 842.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 869,834 shares of the biotechnology company’s stock worth $5,838,000 after buying an additional 777,505 shares during the period. Eagle Asset Management Inc. purchased a new stake in Axovant Sciences during the 3rd quarter worth approximately $4,471,000. Deutsche Bank AG increased its stake in Axovant Sciences by 7.0% during the 4th quarter. Deutsche Bank AG now owns 548,728 shares of the biotechnology company’s stock worth $2,891,000 after buying an additional 35,878 shares during the period. Finally, Millennium Management LLC increased its stake in Axovant Sciences by 445.0% during the 4th quarter. Millennium Management LLC now owns 482,964 shares of the biotechnology company’s stock worth $2,545,000 after buying an additional 622,964 shares during the period. 93.04% of the stock is currently owned by hedge funds and other institutional investors.
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About Axovant Sciences
Axovant Sciences Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on acquiring, developing and commercializing therapeutics for the treatment of dementia, including Alzheimer’s disease and Lewy body dementia. The Company intends to develop a pipeline of product candidates to address the cognitive, functional and behavioral aspects of dementia and related neurological disorders.
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