Insider Selling: Antares Pharma, Inc. (ATRS) Director Sells 30,000 Shares of Stock
Antares Pharma, Inc. (NASDAQ:ATRS) Director Thomas J. Garrity sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $3.50, for a total value of $105,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Antares Pharma, Inc. (NASDAQ ATRS) traded down 2.33% during midday trading on Thursday, hitting $3.77. The stock had a trading volume of 2,947,662 shares. The stock has a 50-day moving average price of $3.10 and a 200 day moving average price of $2.96. The firm’s market cap is $589.65 million. Antares Pharma, Inc. has a 12-month low of $1.41 and a 12-month high of $3.97.
Antares Pharma (NASDAQ:ATRS) last issued its quarterly earnings data on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $13.42 million during the quarter, compared to analysts’ expectations of $12.99 million. On average, equities analysts anticipate that Antares Pharma, Inc. will post ($0.11) earnings per share for the current fiscal year.
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A number of research firms have recently issued reports on ATRS. HC Wainwright restated a “buy” rating and issued a $5.00 price target on shares of Antares Pharma in a research report on Sunday, September 10th. Piper Jaffray Companies restated a “buy” rating on shares of Antares Pharma in a research report on Friday, September 8th. Vetr upgraded Antares Pharma from a “buy” rating to a “strong-buy” rating and set a $3.42 price target for the company in a research report on Monday, July 24th. Finally, Chardan Capital began coverage on Antares Pharma in a research report on Friday, June 23rd. They issued a “buy” rating and a $5.00 price target for the company. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $4.34.
Several institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. purchased a new stake in Antares Pharma in the 2nd quarter worth approximately $119,000. Legal & General Group Plc purchased a new stake in Antares Pharma in the 2nd quarter worth approximately $120,000. MML Investors Services LLC grew its stake in Antares Pharma by 228.2% in the 2nd quarter. MML Investors Services LLC now owns 43,147 shares of the specialty pharmaceutical company’s stock worth $139,000 after acquiring an additional 30,000 shares during the period. Credit Suisse AG purchased a new stake in Antares Pharma in the 1st quarter worth approximately $146,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Antares Pharma in the 2nd quarter worth approximately $174,000. 36.77% of the stock is owned by institutional investors and hedge funds.
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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