HC Wainwright reissued their buy rating on shares of Antares Pharma, Inc. (NASDAQ:ATRS) in a research report report published on Wednesday morning. The brokerage currently has a $3.50 target price on the specialty pharmaceutical company’s stock.

ATRS has been the subject of several other research reports. Piper Jaffray Companies reaffirmed a buy rating on shares of Antares Pharma in a research note on Friday, September 8th. Vetr raised shares of Antares Pharma from a buy rating to a strong-buy rating and set a $3.42 target price for the company in a research note on Monday, July 24th. Finally, ValuEngine downgraded shares of Antares Pharma from a hold rating to a sell rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $3.84.

Shares of Antares Pharma (ATRS) opened at $1.84 on Wednesday. Antares Pharma has a 12 month low of $1.58 and a 12 month high of $4.09. The company has a quick ratio of 3.04, a current ratio of 3.34 and a debt-to-equity ratio of 0.69.

Antares Pharma (NASDAQ:ATRS) last issued its earnings results on Tuesday, November 7th. The specialty pharmaceutical company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). Antares Pharma had a negative net margin of 32.06% and a negative return on equity of 43.05%. The firm had revenue of $15.10 million during the quarter, compared to the consensus estimate of $14.01 million. The business’s revenue was up 11.9% compared to the same quarter last year. equities analysts expect that Antares Pharma will post -0.11 EPS for the current fiscal year.

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In other news, Director Thomas J. Garrity sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $3.50, for a total value of $105,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leonard S. Jacob sold 230,000 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $4.05, for a total transaction of $931,500.00. The disclosure for this sale can be found here. 11.60% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ATRS. Capital Advantage Inc. acquired a new position in shares of Antares Pharma in the third quarter valued at approximately $110,000. Alliancebernstein L.P. acquired a new position in shares of Antares Pharma in the second quarter valued at approximately $119,000. Legal & General Group Plc acquired a new position in shares of Antares Pharma in the second quarter valued at approximately $120,000. MML Investors Services LLC boosted its holdings in shares of Antares Pharma by 228.2% in the second quarter. MML Investors Services LLC now owns 43,147 shares of the specialty pharmaceutical company’s stock valued at $139,000 after buying an additional 30,000 shares during the period. Finally, Credit Suisse AG acquired a new position in shares of Antares Pharma in the first quarter valued at approximately $146,000. Institutional investors own 37.00% 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 and manufactures pressure-assisted injector devices, with and without needles, which allow patients to self-inject drugs.

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