AveXis, Inc. (AVXS) Given Average Rating of “Buy” by Brokerages
AveXis, Inc. (NASDAQ:AVXS) has been assigned a consensus rating of “Buy” from the ten analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $94.33.
A number of equities research analysts have recently issued reports on the stock. UBS AG assumed coverage on shares of AveXis in a report on Wednesday, March 29th. They issued a “buy” rating and a $95.00 target price on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $92.00 target price on shares of AveXis in a report on Thursday, May 25th. Chardan Capital set a $103.00 target price on shares of AveXis and gave the company a “buy” rating in a report on Sunday, June 18th. Citigroup Inc. assumed coverage on shares of AveXis in a report on Tuesday, May 23rd. They issued a “buy” rating and a $90.00 target price on the stock. Finally, Zacks Investment Research raised shares of AveXis from a “sell” rating to a “hold” rating in a report on Thursday.
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In other AveXis news, VP Sukumar Nagendran sold 1,780 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $81.88, for a total value of $145,746.40. Following the transaction, the vice president now directly owns 1,780 shares of the company’s stock, valued at approximately $145,746.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 5,340 shares of company stock worth $416,840. Insiders own 18.60% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. bought a new position in AveXis during the first quarter valued at $297,000. Swiss National Bank boosted its position in AveXis by 3.0% in the first quarter. Swiss National Bank now owns 27,400 shares of the company’s stock valued at $2,083,000 after buying an additional 800 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in AveXis by 44.9% in the first quarter. Pictet Asset Management Ltd. now owns 153,606 shares of the company’s stock valued at $11,679,000 after buying an additional 47,588 shares in the last quarter. Bank of New York Mellon Corp boosted its position in AveXis by 27.8% in the first quarter. Bank of New York Mellon Corp now owns 62,922 shares of the company’s stock valued at $4,784,000 after buying an additional 13,691 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in AveXis by 30.2% in the first quarter. Russell Investments Group Ltd. now owns 17,550 shares of the company’s stock valued at $1,335,000 after buying an additional 4,067 shares in the last quarter. 90.55% of the stock is currently owned by hedge funds and other institutional investors.
AveXis (NASDAQ:AVXS) traded up 0.89% during trading on Monday, reaching $81.72. The company’s stock had a trading volume of 170,366 shares. The company’s market cap is $2.27 billion. The company’s 50 day moving average price is $73.90 and its 200 day moving average price is $66.54. AveXis has a 52 week low of $31.55 and a 52 week high of $85.98.
AveXis (NASDAQ:AVXS) last issued its earnings results on Thursday, May 11th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.94) by $0.13. During the same quarter in the prior year, the company earned ($1.24) EPS. On average, equities analysts anticipate that AveXis will post ($4.43) earnings per share for the current fiscal year.
AveXis Company Profile
AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the 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.
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