Axovant Sciences Ltd (NYSE:AXON)‘s stock had its “sell” rating reaffirmed by equities research analysts at Chardan Capital in a research report issued to clients and investors on Friday. They presently have a $3.00 target price on the biotechnology company’s stock. Chardan Capital’s price target points to a potential downside of 62.07% from the company’s current price.

AXON has been the subject of a number of other reports. Jefferies Group LLC set a $40.00 price objective on Axovant Sciences and gave the company a “buy” rating in a research report on Friday, August 25th. Evercore ISI started coverage on Axovant Sciences in a research report on Friday, September 8th. They issued an “outperform” rating and a $30.00 price objective for the company. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $30.00 price objective on shares of Axovant Sciences in a research report on Monday, September 25th. CIBC boosted their price objective on Axovant Sciences from $26.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, June 14th. Finally, BidaskClub upgraded Axovant Sciences from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Axovant Sciences has an average rating of “Hold” and a consensus target price of $14.68.

Shares of Axovant Sciences (AXON) opened at 7.92 on Friday. The firm’s 50-day moving average is $16.23 and its 200-day moving average is $16.23. Axovant Sciences has a one year low of $6.13 and a one year high of $27.98. The stock’s market capitalization is $851.60 million.

Axovant Sciences (NYSE:AXON) last posted its quarterly earnings data on Monday, August 7th. The biotechnology company reported ($0.65) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.53) by ($0.12). Equities research analysts forecast that Axovant Sciences will post ($2.02) EPS for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of AXON. FMR LLC increased its position in shares of Axovant Sciences by 968.5% during the second quarter. FMR LLC now owns 7,235,632 shares of the biotechnology company’s stock worth $167,794,000 after purchasing an additional 6,558,462 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Axovant Sciences in the 2nd quarter valued at $47,854,000. Capital Research Global Investors grew its holdings in Axovant Sciences by 21.8% in the 2nd quarter. Capital Research Global Investors now owns 3,453,800 shares of the biotechnology company’s stock valued at $80,094,000 after buying an additional 619,226 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Axovant Sciences by 1,718.3% in the 1st quarter. Point72 Asset Management L.P. now owns 209,100 shares of the biotechnology company’s stock valued at $3,124,000 after buying an additional 197,600 shares in the last quarter. Finally, State Street Corp grew its holdings in Axovant Sciences by 52.8% in the 2nd quarter. State Street Corp now owns 546,920 shares of the biotechnology company’s stock valued at $12,682,000 after buying an additional 188,945 shares in the last quarter.

Axovant Sciences Company Profile

Axovant Sciences Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on acquiring, developing and commercializing therapeutics for the treatment of dementia, including Alzheimer’s disease and Lewy body dementia. The Company intends to develop a pipeline of product candidates to address the cognitive, functional and behavioral aspects of dementia and related neurological disorders.

Analyst Recommendations for Axovant Sciences (NYSE:AXON)

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