AveXis Inc. (NASDAQ:AVXS) fell 4.6% during trading on Wednesday . The company traded as low as $42.46 and last traded at $42.71, with a volume of 380,618 shares. The stock had previously closed at $44.76.

A number of research firms recently commented on AVXS. Zacks Investment Research raised AveXis from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Chardan Capital reiterated a “buy” rating and set a $60.00 price target on shares of AveXis in a research report on Friday, August 12th. Jefferies Group lifted their price target on AveXis from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wells Fargo & Co. assumed coverage on AveXis in a research report on Friday, July 15th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. AveXis presently has an average rating of “Buy” and an average price target of $47.00.

The firm’s market capitalization is $1.02 billion. The company’s 50 day moving average price is $37.48 and its 200-day moving average price is $34.03.

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AveXis (NASDAQ:AVXS) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.68) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.09. On average, equities analysts anticipate that AveXis Inc. will post ($3.30) EPS for the current fiscal year.

In other news, insider Paul B. Manning sold 289,855 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $34.50, for a total value of $9,999,997.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Several hedge funds have recently bought and sold shares of AVXS. Foresite Capital Management III LLC acquired a new stake in AveXis during the first quarter valued at approximately $4,582,000. TIAA CREF Investment Management LLC acquired a new stake in AveXis during the first quarter valued at approximately $253,000. BlackRock Inc. acquired a new stake in AveXis during the first quarter valued at approximately $563,000. BlackRock Group LTD acquired a new stake in AveXis during the first quarter valued at approximately $2,223,000. Finally, BlackRock Fund Advisors acquired a new stake in AveXis during the first quarter valued at approximately $3,245,000. 54.46% of the stock is owned by institutional investors and hedge funds.

About AveXis

AveXis, Inc, formerly Biolife Cell Bank, Inc, is a clinical-stage gene therapy company. The Company operates through 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.

5 Day Chart for NASDAQ:AVXS

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