Abeona Therapeutics Inc (ABEO) PT Set at $14.00 by Maxim Group
Abeona Therapeutics Inc (NASDAQ:ABEO) has been assigned a $14.00 price target by equities researchers at Maxim Group in a research note issued on Thursday. The firm presently has a “buy” rating on the biopharmaceutical company’s stock. Maxim Group’s price objective would indicate a potential upside of 145.61% from the company’s previous close.
A number of other brokerages have also recently issued reports on ABEO. Zacks Investment Research upgraded shares of Abeona Therapeutics from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Tuesday, January 31st. Rodman & Renshaw reiterated a “buy” rating and set a $20.00 price objective (up from $17.00) on shares of Abeona Therapeutics in a report on Tuesday, February 7th. HC Wainwright set a $20.00 price objective on shares of Abeona Therapeutics and gave the company a “buy” rating in a report on Monday, February 6th. Jefferies Group LLC reiterated a “buy” rating and set a $11.00 price objective on shares of Abeona Therapeutics in a report on Friday, February 17th. Finally, Cantor Fitzgerald reiterated a “positive” rating and set a $21.00 price objective on shares of Abeona Therapeutics in a report on Friday, February 17th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $15.18.
Shares of Abeona Therapeutics (NASDAQ:ABEO) traded down 3.39% during midday trading on Thursday, reaching $5.70. 125,675 shares of the company’s stock traded hands. The stock has a 50 day moving average of $5.51 and a 200-day moving average of $5.43. Abeona Therapeutics has a 12 month low of $2.31 and a 12 month high of $9.44. The stock’s market cap is $229.45 million.
Abeona Therapeutics (NASDAQ:ABEO) last posted its quarterly earnings results on Thursday, May 18th. The biopharmaceutical company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.02. The business had revenue of $0.19 million during the quarter, compared to analysts’ expectations of $0.28 million. Abeona Therapeutics had a negative net margin of 2,029.60% and a negative return on equity of 26.65%. On average, equities research analysts forecast that Abeona Therapeutics will post ($0.62) EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of ABEO. Hikari Power Ltd acquired a new position in shares of Abeona Therapeutics during the first quarter worth about $150,000. Highbridge Capital Management LLC boosted its position in Abeona Therapeutics by 108.1% in the fourth quarter. Highbridge Capital Management LLC now owns 551,800 shares of the biopharmaceutical company’s stock valued at $2,676,000 after buying an additional 286,657 shares during the period. Opaleye Management Inc. boosted its position in Abeona Therapeutics by 300.0% in the fourth quarter. Opaleye Management Inc. now owns 400,000 shares of the biopharmaceutical company’s stock valued at $1,940,000 after buying an additional 300,000 shares during the period. Perceptive Advisors LLC purchased a new position in Abeona Therapeutics during the fourth quarter valued at $4,085,000. Finally, Tudor Investment Corp Et Al purchased a new position in Abeona Therapeutics during the fourth quarter valued at $162,000. Hedge funds and other institutional investors own 17.79% of the company’s stock.
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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