AnaptysBio, Inc. (NASDAQ:ANAB) Upgraded to Hold by Zacks Investment Research
AnaptysBio, Inc. (NASDAQ:ANAB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “AnaptysBio, Inc. is a biotechnology company. It involved in the discovery and development of therapeutic antibodies for inflammation and immuno-oncology primarily in the Unites states. AnaptysBio, Inc. is based in San Diego, California. “
ANAB has been the topic of several other reports. JMP Securities reaffirmed an “outperform” rating and set a $45.00 target price on shares of AnaptysBio in a research report on Friday, March 31st. Credit Suisse Group reaffirmed an “outperform” rating and set a $34.00 target price on shares of AnaptysBio in a research report on Tuesday, April 18th. Wedbush reduced their target price on AnaptysBio from $33.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 29th. Robert W. Baird initiated coverage on AnaptysBio in a research report on Monday, July 10th. They set an “outperform” rating and a $36.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on AnaptysBio from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, May 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.60.
AnaptysBio (NASDAQ ANAB) traded up 6.874% during midday trading on Monday, hitting $28.065. The company had a trading volume of 47,298 shares. AnaptysBio has a 52 week low of $15.17 and a 52 week high of $29.96. The stock has a 50 day moving average price of $24.76 and a 200-day moving average price of $24.38. The stock’s market capitalization is $568.85 million.
AnaptysBio (NASDAQ:ANAB) last announced its earnings results on Thursday, May 11th. The biotechnology company reported ($0.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.57. On average, equities analysts predict that AnaptysBio will post ($2.48) EPS for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in ANAB. Bank of America Corp DE purchased a new position in shares of AnaptysBio during the first quarter worth $123,000. TIAA CREF Investment Management LLC purchased a new position in shares of AnaptysBio during the first quarter worth $227,000. Endurant Capital Management LP purchased a new position in shares of AnaptysBio during the first quarter worth $258,000. Bank of New York Mellon Corp purchased a new position in shares of AnaptysBio during the first quarter worth $373,000. Finally, Monashee Investment Management LLC purchased a new position in shares of AnaptysBio during the first quarter worth $694,000. 72.59% of the stock is currently owned by institutional investors and hedge funds.
AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.
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