FBR & Co Analysts Give Abeona Therapeutics Inc. (ABEO) a $15.00 Price Target
Abeona Therapeutics Inc. (NASDAQ:ABEO) has been given a $15.00 target price by stock analysts at FBR & Co in a research note issued to investors on Wednesday. The firm currently has a a “buy” rating on the biopharmaceutical company’s stock. FBR & Co’s price objective would indicate a potential upside of 159.52% from the company’s current price.
Several other research analysts also recently weighed in on the company. Rodman & Renshaw reiterated a “buy” rating and issued a $17.00 price target on shares of Abeona Therapeutics in a report on Friday, August 5th. Maxim Group reiterated a “buy” rating and issued a $6.00 price target on shares of Abeona Therapeutics in a report on Tuesday, August 2nd. Zacks Investment Research upgraded Abeona Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Cantor Fitzgerald initiated coverage on Abeona Therapeutics in a report on Wednesday, September 7th. They issued a “buy” rating and a $21.00 price target for the company. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Abeona Therapeutics currently has a consensus rating of “Buy” and a consensus target price of $12.40.
Abeona Therapeutics (NASDAQ:ABEO) traded up 13.49% during mid-day trading on Wednesday, reaching $6.56. The company’s stock had a trading volume of 1,128,295 shares. The stock’s market capitalization is $220.06 million. The stock’s 50 day moving average price is $4.28 and its 200 day moving average price is $3.09. Abeona Therapeutics has a 1-year low of $2.05 and a 1-year high of $6.74.
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Abeona Therapeutics (NASDAQ:ABEO) last issued its quarterly earnings results on Tuesday, August 16th. The biopharmaceutical company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. Abeona Therapeutics had a negative net margin of 2,177.03% and a negative return on equity of 30.84%. Analysts expect that Abeona Therapeutics will post ($0.73) EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Royce & Associates LP boosted its stake in shares of Abeona Therapeutics by 25.6% in the first quarter. Royce & Associates LP now owns 376,321 shares of the biopharmaceutical company’s stock valued at $963,000 after buying an additional 76,678 shares in the last quarter. Sabby Management LLC boosted its stake in shares of Abeona Therapeutics by 11.4% in the first quarter. Sabby Management LLC now owns 334,108 shares of the biopharmaceutical company’s stock worth $855,000 after buying an additional 34,108 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Abeona Therapeutics by 8.5% in the first quarter. BlackRock Fund Advisors now owns 302,262 shares of the biopharmaceutical company’s stock worth $774,000 after buying an additional 23,734 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Abeona Therapeutics by 16.7% in the first quarter. Geode Capital Management LLC now owns 70,496 shares of the biopharmaceutical company’s stock worth $180,000 after buying an additional 10,082 shares during the period. 19.95% of the stock is owned by institutional investors.
Abeona Therapeutics Company Profile
Abeona Therapeutics, Inc (Abeona), formerly PlasmaTech Biopharmaceuticals, Inc, is focused on developing and delivering gene therapy and plasma-based products for rare diseases. The Company’s lead programs are ABO-101 (AA9 NAGLU) and ABO-102 (scAAV9 SGHG), adeno-associated virus (AAV)-based gene therapies for Sanfilippo syndrome (Mucopolysaccharidosis (MPS) IIIA and IIIB) in collaboration with patient advocate groups, researchers and clinicians.
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