Citigroup Inc. Analysts Give AveXis, Inc. (AVXS) a $100.00 Price Target
Several other brokerages also recently weighed in on AVXS. BMO Capital Markets reissued an outperform rating and issued a $95.00 price target (up previously from $85.00) on shares of AveXis in a report on Friday, March 17th. Jefferies Group LLC raised their price target on AveXis from $79.00 to $92.00 and gave the stock a buy rating in a report on Friday, March 17th. Goldman Sachs Group, Inc. (The) raised their price target on AveXis from $91.00 to $108.00 and gave the stock a buy rating in a report on Friday, March 17th. Finally, Chardan Capital reissued a buy rating and issued a $100.00 price target on shares of AveXis in a report on Friday, March 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. AveXis presently has an average rating of Buy and a consensus target price of $87.86.
AveXis (NASDAQ:AVXS) last issued its quarterly earnings data on Thursday, May 11th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.94) by $0.13. During the same quarter in the prior year, the company earned ($1.24) earnings per share.
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In other news, VP Sukumar Nagendran sold 1,780 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $81.39, for a total value of $144,874.20. Following the completion of the transaction, the vice president now directly owns 1,780 shares in the company, valued at $144,874.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 5,341 shares of company stock valued at $406,682.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of AveXis during the first quarter valued at about $117,000. Quantitative Systematic Strategies LLC purchased a new position in shares of AveXis during the first quarter valued at about $201,000. Virginia Retirement Systems ET AL purchased a new position in shares of AveXis during the first quarter valued at about $205,000. Opus Point Partners Management LLC purchased a new position in shares of AveXis during the fourth quarter valued at about $239,000. Finally, Nationwide Fund Advisors boosted its position in shares of AveXis by 9.0% in the first quarter. Nationwide Fund Advisors now owns 3,444 shares of the company’s stock valued at $262,000 after buying an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 90.47% of the company’s stock.
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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