Abeona Therapeutics (ABEO) Trading 9.2% Higher

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Abeona Therapeutics Inc (NASDAQ:ABEO) shares traded up 9.2% during mid-day trading on Friday . The company traded as high as $8.14 and last traded at $8.10. 657,079 shares were traded during mid-day trading, an increase of 65% from the average session volume of 399,426 shares. The stock had previously closed at $7.42.

A number of research analysts have issued reports on the company. ValuEngine upgraded Abeona Therapeutics from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. HC Wainwright restated a “buy” rating and issued a $30.00 price objective on shares of Abeona Therapeutics in a research note on Thursday, February 21st. BidaskClub downgraded Abeona Therapeutics from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 12th. Zacks Investment Research upgraded Abeona Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Finally, Mizuho restated a “buy” rating and issued a $17.00 price objective on shares of Abeona Therapeutics in a research note on Monday, December 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $26.88.

The company has a market capitalization of $355.74 million, a price-to-earnings ratio of -12.27 and a beta of 1.93.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Abeona Therapeutics by 1.6% during the 3rd quarter. BlackRock Inc. now owns 2,220,116 shares of the biopharmaceutical company’s stock worth $28,418,000 after acquiring an additional 35,610 shares during the period. Sphera Funds Management LTD. grew its stake in shares of Abeona Therapeutics by 51.0% during the 3rd quarter. Sphera Funds Management LTD. now owns 336,939 shares of the biopharmaceutical company’s stock worth $4,313,000 after acquiring an additional 113,767 shares during the period. Northern Trust Corp grew its stake in shares of Abeona Therapeutics by 28.2% during the 2nd quarter. Northern Trust Corp now owns 390,342 shares of the biopharmaceutical company’s stock worth $6,246,000 after acquiring an additional 85,908 shares during the period. Trexquant Investment LP bought a new position in shares of Abeona Therapeutics during the 3rd quarter worth $163,000. Finally, Teachers Advisors LLC grew its stake in shares of Abeona Therapeutics by 75.6% during the 3rd quarter. Teachers Advisors LLC now owns 98,192 shares of the biopharmaceutical company’s stock worth $1,257,000 after acquiring an additional 42,261 shares during the period. Institutional investors own 67.93% of the company’s stock.

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Abeona Therapeutics Company Profile (NASDAQ:ABEO)

Abeona Therapeutics Inc, a clinical-stage biopharmaceutical company, focuses on developing and delivering gene therapy products for severe and life-threatening rare diseases. The company's lead programs are EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB); ABO-102, which are AAV based gene therapies for Sanfilippo syndrome type A; and ABO-101, an adeno-associated virus (AAV) based gene therapies for Sanfilippo syndrome type B.

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