AveXis (AVXS) Given a $110.00 Price Target by Canaccord Genuity Analysts
Several other research analysts have also recently weighed in on AVXS. Goldman Sachs Group reiterated a buy rating and set a $130.00 price objective on shares of AveXis in a research report on Friday, October 6th. UBS restated a buy rating and issued a $122.00 price target (up previously from $95.00) on shares of AveXis in a research report on Tuesday, October 3rd. Citigroup raised their price target on AveXis from $100.00 to $116.00 and gave the stock a buy rating in a research report on Monday, October 2nd. Jefferies Group raised their price target on AveXis to $118.00 and gave the stock a buy rating in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded AveXis from a hold rating to a buy rating and set a $112.00 price target on the stock in a research report on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $110.67.
Shares of AveXis (NASDAQ:AVXS) traded up $0.60 during trading on Thursday, reaching $98.94. The company’s stock had a trading volume of 436,800 shares, compared to its average volume of 426,246. AveXis has a fifty-two week low of $45.33 and a fifty-two week high of $108.27.
AveXis (NASDAQ:AVXS) last announced its quarterly earnings results on Thursday, November 9th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.48) by ($0.04). During the same quarter last year, the business earned ($0.87) earnings per share. equities research analysts expect that AveXis will post -6.23 earnings per share for the current fiscal year.
In related news, VP Sukumar Nagendran sold 1,780 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $97.25, for a total transaction of $173,105.00. Following the completion of the sale, the vice president now owns 1,780 shares in the company, valued at $173,105. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian K. Kaspar sold 15,000 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $101.46, for a total value of $1,521,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,340 shares of company stock worth $5,172,298. Insiders own 18.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in shares of AveXis by 41.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,871 shares of the company’s stock valued at $2,043,000 after buying an additional 7,321 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of AveXis by 31.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,575,205 shares of the company’s stock valued at $129,419,000 after buying an additional 380,396 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new position in shares of AveXis during the 2nd quarter valued at $552,000. TimesSquare Capital Management LLC purchased a new stake in AveXis during the 2nd quarter worth about $6,162,000. Finally, BB Biotech AG lifted its holdings in AveXis by 21.0% during the 2nd quarter. BB Biotech AG now owns 402,800 shares of the company’s stock worth $33,094,000 after purchasing an additional 70,000 shares in the last quarter. 92.88% of the stock is currently owned by institutional investors and hedge funds.
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AveXis Company Profile
AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.
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