Credit Suisse Group Boosts AnaptysBio, Inc. (ANAB) Price Target to $85.00
AnaptysBio, Inc. (NASDAQ:ANAB) had its target price raised by Credit Suisse Group from $38.00 to $85.00 in a note issued to investors on Tuesday. Credit Suisse Group’s price target would indicate a potential upside of 20.72% from the stock’s current price.
A number of other equities analysts have also recently commented on the stock. JMP Securities lifted their price objective on shares of AnaptysBio from $45.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday. Zacks Investment Research raised shares of AnaptysBio from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Robert W. Baird started coverage on shares of AnaptysBio in a research note on Monday, July 10th. They issued an “outperform” rating and a $36.00 price objective for the company. Royal Bank Of Canada started coverage on shares of AnaptysBio in a research note on Thursday, September 14th. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $35.00 price objective on shares of AnaptysBio in a research note on Tuesday, September 12th. Seven equities research analysts have rated the stock with a buy rating, AnaptysBio currently has an average rating of “Buy” and an average price target of $54.43.
AnaptysBio (NASDAQ:ANAB) traded up 101.17% during mid-day trading on Tuesday, reaching $70.41. 5,824,148 shares of the company’s stock traded hands. The firm’s market cap is $1.43 billion. AnaptysBio has a one year low of $15.17 and a one year high of $70.48. The firm’s 50-day moving average price is $34.23 and its 200 day moving average price is $34.23.
AnaptysBio (NASDAQ:ANAB) last issued its quarterly earnings data on Thursday, August 10th. The biotechnology company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.29. The business had revenue of $7.00 million during the quarter, compared to analysts’ expectations of $3.45 million. On average, equities analysts forecast that AnaptysBio will post ($1.98) EPS for the current year.
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In related news, major shareholder Holdings A/S Novo sold 356,300 shares of AnaptysBio stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $21.10, for a total transaction of $7,517,930.00. Following the completion of the transaction, the insider now directly owns 1,936,604 shares of the company’s stock, valued at approximately $40,862,344.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Ventures Vii L. P. Avalon sold 37,040 shares of AnaptysBio stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $24.35, for a total transaction of $901,924.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,133,940 shares of company stock valued at $24,223,316.
Several hedge funds have recently added to or reduced their stakes in ANAB. Bank of America Corp DE purchased a new position in shares of AnaptysBio during the 1st quarter worth about $123,000. DAFNA Capital Management LLC boosted its stake in shares of AnaptysBio by 22.2% during the 2nd quarter. DAFNA Capital Management LLC now owns 5,500 shares of the biotechnology company’s stock worth $132,000 after purchasing an additional 1,000 shares during the period. New York State Common Retirement Fund purchased a new position in shares of AnaptysBio during the 2nd quarter worth about $168,000. TIAA CREF Investment Management LLC purchased a new position in shares of AnaptysBio during the 1st quarter worth about $227,000. Finally, Teachers Advisors LLC boosted its stake in shares of AnaptysBio by 23.4% during the 2nd quarter. Teachers Advisors LLC now owns 9,520 shares of the biotechnology company’s stock worth $228,000 after purchasing an additional 1,807 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.
AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.
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