AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) has been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $3.42.

Several research analysts have recently issued reports on AVEO shares. Zacks Investment Research raised AVEO Pharmaceuticals from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Monday, July 24th. Piper Jaffray Companies upped their price objective on AVEO Pharmaceuticals from $3.80 to $4.50 and gave the company an “overweight” rating in a research note on Monday, August 28th. FBR & Co reaffirmed an “outperform” rating and issued a $3.00 price objective on shares of AVEO Pharmaceuticals in a research note on Thursday, July 13th. BidaskClub raised AVEO Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Finally, ValuEngine raised AVEO Pharmaceuticals from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 24th.

Shares of AVEO Pharmaceuticals (NASDAQ:AVEO) opened at 3.95 on Friday. The stock’s 50 day moving average is $3.58 and its 200 day moving average is $1.91. AVEO Pharmaceuticals has a 12 month low of $0.50 and a 12 month high of $4.24. The firm’s market cap is $467.31 million.

Institutional investors have recently added to or reduced their stakes in the company. Fore Research & Management LP acquired a new position in shares of AVEO Pharmaceuticals in the second quarter valued at approximately $111,000. Clear Harbor Asset Management LLC acquired a new position in shares of AVEO Pharmaceuticals in the second quarter valued at approximately $289,000. Cannell Peter B & Co. Inc. increased its stake in shares of AVEO Pharmaceuticals by 22.9% in the second quarter. Cannell Peter B & Co. Inc. now owns 109,875 shares of the biopharmaceutical company’s stock valued at $244,000 after buying an additional 20,500 shares during the period. Paloma Partners Management Co acquired a new position in shares of AVEO Pharmaceuticals in the first quarter valued at approximately $184,000. Finally, UBS Oconnor LLC acquired a new position in shares of AVEO Pharmaceuticals in the first quarter valued at approximately $291,000. 53.76% of the stock is owned by institutional investors.

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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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