Anteris Technologies Global (NASDAQ:AVR) Issues Earnings Results

Anteris Technologies Global (NASDAQ:AVR) released its quarterly earnings results on Tuesday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.09), FiscalAI reports. Anteris Technologies Global had a negative net margin of 5,148.78% and a negative return on equity of 124.76%. The firm had revenue of $1.01 million for the quarter, compared to the consensus estimate of $1.50 million.

Anteris Technologies Global Stock Performance

AVR traded up $0.21 during trading hours on Tuesday, reaching $9.17. The company’s stock had a trading volume of 1,096,833 shares, compared to its average volume of 1,175,484. The firm has a market cap of $892.61 million, a PE ratio of -4.11 and a beta of 1.79. Anteris Technologies Global has a 52 week low of $3.17 and a 52 week high of $11.06. The company’s 50-day moving average is $9.15 and its 200-day moving average is $7.31.

Insiders Place Their Bets

In other Anteris Technologies Global news, major shareholder L1 Capital Pty Ltd sold 558,633 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $8.20, for a total value of $4,580,790.60. Following the completion of the sale, the insider owned 6,633,314 shares of the company’s stock, valued at $54,393,174.80. The trade was a 7.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 2,373,000 shares of company stock worth $19,387,842. 4.50% of the stock is owned by company insiders.

Institutional Trading of Anteris Technologies Global

Several large investors have recently bought and sold shares of the business. Deutsche Bank AG increased its holdings in Anteris Technologies Global by 8.1% in the fourth quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock valued at $144,000 after purchasing an additional 2,171 shares during the period. Bank of America Corp DE boosted its stake in Anteris Technologies Global by 35.7% during the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after acquiring an additional 2,798 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Anteris Technologies Global by 76.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock worth $29,000 after buying an additional 2,841 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Anteris Technologies Global by 35.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,744 shares of the company’s stock valued at $45,000 after purchasing an additional 3,055 shares during the period. Finally, Barclays PLC lifted its stake in shares of Anteris Technologies Global by 3.0% in the fourth quarter. Barclays PLC now owns 148,128 shares of the company’s stock valued at $739,000 after buying an additional 4,289 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AVR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Barclays upped their price objective on Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised Anteris Technologies Global from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.00.

About Anteris Technologies Global

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.