Antares Pharma, Inc. (ATRS) Given Average Recommendation of “Buy” by Brokerages
Shares of Antares Pharma, Inc. (NASDAQ:ATRS) have been given a consensus rating of “Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $4.43.
ATRS has been the subject of a number of analyst reports. Vetr upgraded shares of Antares Pharma from a “hold” rating to a “buy” rating and set a $3.30 price objective for the company in a research report on Wednesday, July 5th. Chardan Capital initiated coverage on shares of Antares Pharma in a research report on Friday, June 23rd. They issued a “buy” rating and a $5.00 price objective for the company. HC Wainwright restated a “buy” rating and issued a $5.00 price objective on shares of Antares Pharma in a research report on Friday, June 23rd. Finally, Piper Jaffray Companies restated a “buy” rating on shares of Antares Pharma in a research report on Friday.
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Antares Pharma (ATRS) opened at 3.04 on Friday. The firm’s market capitalization is $475.48 million. Antares Pharma has a 12 month low of $1.27 and a 12 month high of $3.37. The stock has a 50 day moving average of $3.07 and a 200 day moving average of $2.88.
Antares Pharma (NASDAQ:ATRS) last released its quarterly earnings data on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Antares Pharma had a negative net margin of 34.27% and a negative return on equity of 41.37%. The company had revenue of $13.42 million during the quarter, compared to analyst estimates of $12.99 million. On average, equities analysts predict that Antares Pharma will post ($0.11) earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of the business. Asymmetry Capital Management L.P. purchased a new position in shares of Antares Pharma during the second quarter worth approximately $643,000. California State Teachers Retirement System purchased a new position in shares of Antares Pharma during the second quarter worth approximately $820,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Antares Pharma during the second quarter worth approximately $307,000. The Manufacturers Life Insurance Company raised its stake in shares of Antares Pharma by 1,188.2% during the second quarter. The Manufacturers Life Insurance Company now owns 121,633 shares of the specialty pharmaceutical company’s stock worth $392,000 after acquiring an additional 112,191 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Antares Pharma during the second quarter worth approximately $174,000. 36.79% of the stock is currently owned by hedge funds and other institutional investors.
Antares Pharma Company Profile
Antares Pharma, Inc (Antares) is a specialty pharmaceutical company that focuses on developing and commercializing self-administered parenteral pharmaceutical products and technologies. The Company develops, manufactures and commercializes therapeutic products using its drug delivery systems. Its subcutaneous injection technology platforms include VIBEX disposable pressure-assisted auto injector system suitable for branded and generic injectable drugs in unit dose containers, reusable needle-free spring-action injector devices, and disposable multi-use pen injectors for use with cartridges.
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