Stock analysts at Ladenburg Thalmann began coverage on shares of Biota Pharmaceuticals Inc. (NASDAQ:AVIR) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.

AVIR has been the subject of several other reports. FBR & Co restated an “outperform” rating on shares of Biota Pharmaceuticals in a research report on Tuesday, May 31st. HC Wainwright initiated coverage on Biota Pharmaceuticals in a research report on Wednesday, July 13th. They set a “buy” rating and a $5.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $5.50.

Shares of Biota Pharmaceuticals (NASDAQ:AVIR) opened at 1.60 on Wednesday. The stock has a 50 day moving average price of $1.38 and a 200-day moving average price of $1.46. Biota Pharmaceuticals has a 52-week low of $1.23 and a 52-week high of $2.31. The stock’s market capitalization is $61.82 million.

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Biota Pharmaceuticals (NASDAQ:AVIR) last issued its quarterly earnings data on Wednesday, September 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.43. Biota Pharmaceuticals had a negative return on equity of 46.02% and a negative net margin of 272.04%. On average, equities research analysts predict that Biota Pharmaceuticals will post ($0.89) EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in AVIR. Towerview LLC purchased a new stake in Biota Pharmaceuticals during the second quarter valued at approximately $224,000. California Public Employees Retirement System purchased a new stake in Biota Pharmaceuticals during the second quarter valued at approximately $139,000. Gabelli Securities Inc. purchased a new stake in Biota Pharmaceuticals during the second quarter valued at approximately $314,000. Dimensional Fund Advisors LP purchased a new stake in Biota Pharmaceuticals during the second quarter valued at approximately $290,000. Finally, Vanguard Group Inc. purchased a new stake in Biota Pharmaceuticals during the second quarter valued at approximately $1,462,000. 34.53% of the stock is owned by hedge funds and other institutional investors.

About Biota Pharmaceuticals

Aviragen Therapeutics, Inc, formerly Biota Pharmaceuticals Inc, is a biopharmaceutical company. The Company is focused on the discovery and development of direct-acting antivirals to treat infections. It has approximately four product candidates in clinical development that address viral infections that have limited therapeutic options.

5 Day Chart for NASDAQ:AVIR

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