Anteris Technologies Global (NASDAQ:AVR) Raised to Strong-Buy at Cantor Fitzgerald

Anteris Technologies Global (NASDAQ:AVR) was upgraded by Cantor Fitzgerald to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages have also recently commented on AVR. Lake Street Capital reissued a “buy” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research report on Friday, January 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Anteris Technologies Global in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Anteris Technologies Global presently has an average rating of “Moderate Buy” and an average target price of $15.00.

Anteris Technologies Global Trading Down 0.3%

NASDAQ:AVR opened at $6.33 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day simple moving average is $5.64 and its 200-day simple moving average is $4.90. Anteris Technologies Global has a fifty-two week low of $2.34 and a fifty-two week high of $8.36. The stock has a market capitalization of $260.80 million, a PE ratio of -2.47 and a beta of 1.15.

Anteris Technologies Global (NASDAQ:AVR) last announced its earnings results on Thursday, February 26th. The company reported ($0.75) EPS for the quarter. Anteris Technologies Global had a negative return on equity of 536.04% and a negative net margin of 4,921.27%.The company had revenue of $0.31 million for the quarter. Sell-side analysts expect that Anteris Technologies Global will post -2.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder L1 Capital Pty Ltd bought 5,000,000 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were acquired at an average price of $5.75 per share, for a total transaction of $28,750,000.00. Following the completion of the acquisition, the insider directly owned 13,219,814 shares in the company, valued at approximately $76,013,930.50. This represents a 60.83% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Anteris Technologies Global

Institutional investors and hedge funds have recently modified their holdings of the business. Marex Group plc bought a new position in Anteris Technologies Global during the second quarter worth $641,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Anteris Technologies Global by 34.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,780 shares of the company’s stock worth $71,000 after acquiring an additional 4,036 shares during the last quarter. Nantahala Capital Management LLC lifted its position in Anteris Technologies Global by 13.3% in the 3rd quarter. Nantahala Capital Management LLC now owns 1,918,666 shares of the company’s stock valued at $8,634,000 after acquiring an additional 225,000 shares in the last quarter. Geode Capital Management LLC lifted its position in Anteris Technologies Global by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 796,069 shares of the company’s stock valued at $3,973,000 after acquiring an additional 47,119 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Anteris Technologies Global during the 4th quarter valued at about $324,000.

About Anteris Technologies Global

Anteris Technologies Global Corp. engages in the development and commercialization of medical devices for heart diseases. The company was founded in 1999 and is headquartered in Eagan, MN.