Antares Pharma, Inc. (ATRS) Receives “Buy” Rating from Piper Jaffray Companies
Antares Pharma, Inc. (NASDAQ:ATRS)‘s stock had its “buy” rating reiterated by investment analysts at Piper Jaffray Companies in a report released on Friday.
Other equities analysts also recently issued reports about the company. Vetr upgraded Antares Pharma from a “hold” rating to a “buy” rating and set a $3.30 target price for the company in a research note on Wednesday, July 5th. Chardan Capital started coverage on Antares Pharma in a research note on Friday, June 23rd. They issued a “buy” rating and a $5.00 target price for the company. Finally, HC Wainwright restated a “buy” rating and issued a $5.00 target price on shares of Antares Pharma in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Antares Pharma currently has an average rating of “Buy” and a consensus price target of $4.34.
Antares Pharma (ATRS) traded up 0.66% during mid-day trading on Friday, reaching $3.04. The company’s stock had a trading volume of 735,465 shares. Antares Pharma has a 12 month low of $1.27 and a 12 month high of $3.37. The stock’s 50-day moving average is $3.07 and its 200-day moving average is $2.88. The firm’s market capitalization is $475.48 million.
Antares Pharma (NASDAQ:ATRS) last posted its quarterly earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $13.42 million during the quarter, compared to the consensus estimate of $12.99 million. Antares Pharma had a negative return on equity of 41.37% and a negative net margin of 34.27%. On average, equities analysts anticipate that Antares Pharma will post ($0.11) EPS for the current year.
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Hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. acquired a new position in Antares Pharma in the second quarter valued at approximately $119,000. Legal & General Group Plc acquired a new position in Antares Pharma in the second quarter valued at approximately $120,000. MML Investors Services LLC boosted its stake in Antares Pharma by 228.2% in the second quarter. MML Investors Services LLC now owns 43,147 shares of the specialty pharmaceutical company’s stock valued at $139,000 after acquiring an additional 30,000 shares during the period. Credit Suisse AG acquired a new position in Antares Pharma in the first quarter valued at approximately $146,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Antares Pharma in the second quarter valued at approximately $174,000. Institutional investors own 36.79% of the company’s stock.
About Antares Pharma
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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