AVEO Pharmaceuticals, Inc. (AVEO) Upgraded by BidaskClub to Strong-Buy
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.
Several other analysts have also issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and set a $3.50 price target on shares of AVEO Pharmaceuticals in a research report on Thursday, August 10th. Zacks Investment Research upgraded shares of AVEO Pharmaceuticals from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a report on Monday, July 24th. FBR & Co reiterated an “outperform” rating and set a $3.00 target price on shares of AVEO Pharmaceuticals in a report on Thursday, July 13th. Finally, ValuEngine upgraded shares of AVEO Pharmaceuticals from a “strong sell” rating to a “sell” rating in a report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $3.08.
Shares of AVEO Pharmaceuticals (NASDAQ AVEO) traded up 2.1283% on Wednesday, reaching $3.1047. The company’s stock had a trading volume of 1,241,467 shares. The firm’s market cap is $342.64 million. The stock has a 50 day moving average of $2.58 and a 200-day moving average of $1.19. AVEO Pharmaceuticals has a 12 month low of $0.50 and a 12 month high of $3.30. AVEO Pharmaceuticals also was the target of some unusual options trading activity on Monday. Traders purchased 7,601 put options on the stock. This represents an increase of 1,385% compared to the average daily volume of 512 put options.
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Institutional investors have recently added to or reduced their stakes in the company. Fore Research & Management LP bought a new position in AVEO Pharmaceuticals during the second quarter worth about $111,000. Clear Harbor Asset Management LLC acquired a new position in shares of AVEO Pharmaceuticals during the second quarter worth $289,000. Cannell Peter B & Co. Inc. increased its position in shares of AVEO Pharmaceuticals by 22.9% in the second quarter. Cannell Peter B & Co. Inc. now owns 109,875 shares of the biopharmaceutical company’s stock worth $244,000 after buying an additional 20,500 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of AVEO Pharmaceuticals during the first quarter worth $184,000. Finally, UBS Oconnor LLC acquired a new position in shares of AVEO Pharmaceuticals during the first quarter worth $291,000. 51.03% of the stock is owned by institutional investors.
AVEO Pharmaceuticals Company Profile
AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.
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