AVEO Pharmaceuticals, Inc. (AVEO) Price Target Raised to $4.50 at Piper Jaffray Companies
AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) had its price objective hoisted by stock analysts at Piper Jaffray Companies from $3.80 to $4.50 in a research report issued on Monday, The Fly reports. The brokerage presently has an “overweight” rating on the biopharmaceutical company’s stock. Piper Jaffray Companies’ target price points to a potential upside of 17.19% from the stock’s current price.
Several other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded AVEO Pharmaceuticals from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research note on Monday, July 24th. FBR & Co restated a “buy” rating and issued a $3.00 target price on shares of AVEO Pharmaceuticals in a research note on Friday, June 30th. ValuEngine upgraded AVEO Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, BidaskClub upgraded AVEO Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $3.42.
AVEO Pharmaceuticals (AVEO) traded up 1.05% during midday trading on Monday, reaching $3.84. 31,490,793 shares of the company were exchanged. AVEO Pharmaceuticals has a 52-week low of $0.50 and a 52-week high of $4.24. The firm’s 50-day moving average price is $2.82 and its 200 day moving average price is $1.34. The stock’s market capitalization is $454.30 million.
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A number of large investors have recently added to or reduced their stakes in AVEO. RA Capital Management LLC purchased a new stake in AVEO Pharmaceuticals during the second quarter valued at approximately $18,727,000. NEA Management Company LLC boosted its stake in AVEO Pharmaceuticals by 57.9% in the first quarter. NEA Management Company LLC now owns 16,362,694 shares of the biopharmaceutical company’s stock valued at $9,654,000 after buying an additional 6,000,000 shares during the last quarter. Sphera Funds Management LTD. purchased a new stake in AVEO Pharmaceuticals during the first quarter valued at approximately $1,711,000. Perceptive Advisors LLC boosted its stake in AVEO Pharmaceuticals by 64.3% in the first quarter. Perceptive Advisors LLC now owns 5,108,808 shares of the biopharmaceutical company’s stock valued at $3,014,000 after buying an additional 2,000,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in AVEO Pharmaceuticals by 48.6% in the second quarter. Vanguard Group Inc. now owns 3,551,360 shares of the biopharmaceutical company’s stock valued at $7,884,000 after buying an additional 1,162,232 shares during the last quarter. Hedge funds and other institutional investors own 53.76% of the company’s stock.
About AVEO Pharmaceuticals
AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.
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