Shares of Athersys, Inc. (NASDAQ:ATHX) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus target price of $11.00 for the company and are forecasting that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also assigned Athersys an industry rank of 91 out of 256 based on the ratings given to related companies.

Several research analysts have commented on ATHX shares. BidaskClub downgraded shares of Athersys from a “hold” rating to a “sell” rating in a research report on Sunday, June 30th. Dawson James started coverage on shares of Athersys in a research report on Monday, August 26th. They set a “buy” rating and a $11.00 price objective for the company. Finally, ValuEngine upgraded shares of Athersys from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Several large investors have recently bought and sold shares of the company. NEXT Financial Group Inc lifted its position in Athersys by 23.8% during the second quarter. NEXT Financial Group Inc now owns 145,500 shares of the biopharmaceutical company’s stock valued at $244,000 after purchasing an additional 28,000 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Athersys during the 2nd quarter worth about $25,000. Bank of America Corp DE lifted its position in Athersys by 29.7% in the 4th quarter. Bank of America Corp DE now owns 373,484 shares of the biopharmaceutical company’s stock valued at $538,000 after acquiring an additional 85,583 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Athersys by 62,382.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 24,368 shares of the biopharmaceutical company’s stock valued at $37,000 after acquiring an additional 24,329 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Athersys by 892.8% in the 2nd quarter. Acadian Asset Management LLC now owns 197,683 shares of the biopharmaceutical company’s stock valued at $332,000 after acquiring an additional 177,771 shares in the last quarter. 21.41% of the stock is owned by hedge funds and other institutional investors.

Shares of ATHX stock traded up $0.02 during trading on Friday, hitting $1.49. The company had a trading volume of 2,564 shares, compared to its average volume of 511,925. The stock’s 50-day moving average price is $1.35 and its 200 day moving average price is $1.54. Athersys has a one year low of $1.20 and a one year high of $2.23.

Athersys (NASDAQ:ATHX) last announced its quarterly earnings results on Wednesday, August 7th. The biopharmaceutical company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. Athersys had a negative net margin of 458.03% and a negative return on equity of 106.93%. The business had revenue of $4.26 million for the quarter.

About Athersys

Athersys, Inc, a biotechnology company, focuses on the research and development activities in the field of regenerative medicine. Its clinical development programs are focused on treating neurological conditions, cardiovascular diseases, inflammatory and immune disorders, and pulmonary and other conditions.

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