Q1 2018 EPS Estimates for AnaptysBio, Inc. (ANAB) Cut by Analyst
AnaptysBio, Inc. (NASDAQ:ANAB) – Stock analysts at Wedbush cut their Q1 2018 EPS estimates for shares of AnaptysBio in a research note issued to investors on Tuesday. Wedbush analyst D. Nierengarten now anticipates that the biotechnology company will earn ($0.56) per share for the quarter, down from their prior estimate of ($0.51). Wedbush also issued estimates for AnaptysBio’s Q2 2018 earnings at ($0.61) EPS, Q3 2018 earnings at ($0.66) EPS, Q4 2018 earnings at ($0.72) EPS, FY2018 earnings at ($2.55) EPS, FY2019 earnings at ($2.95) EPS, FY2020 earnings at ($3.08) EPS and FY2021 earnings at ($1.81) EPS.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of AnaptysBio from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Wednesday, September 13th. Royal Bank Of Canada began coverage on shares of AnaptysBio in a report on Thursday, September 14th. They issued an “outperform” rating and a $40.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $35.00 price target on shares of AnaptysBio in a report on Tuesday, September 12th. Robert W. Baird set a $69.00 price target on shares of AnaptysBio and gave the company a “buy” rating in a report on Wednesday. Finally, JMP Securities lifted their price target on shares of AnaptysBio from $45.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. AnaptysBio currently has a consensus rating of “Buy” and an average price target of $59.14.
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AnaptysBio (NASDAQ:ANAB) last posted its earnings results on Thursday, August 10th. The biotechnology company reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.29. The business had revenue of $7.00 million for the quarter, compared to the consensus estimate of $3.45 million.
Several hedge funds have recently made changes to their positions in the company. Perceptive Advisors LLC bought a new stake in shares of AnaptysBio during the 1st quarter valued at $24,474,000. Artal Group S.A. boosted its stake in AnaptysBio by 459.4% in the 2nd quarter. Artal Group S.A. now owns 250,000 shares of the biotechnology company’s stock worth $5,983,000 after purchasing an additional 205,310 shares in the last quarter. Marshall Wace North America L.P. bought a new position in AnaptysBio in the 1st quarter worth about $6,924,000. MARSHALL WACE ASIA Ltd bought a new position in AnaptysBio in the 1st quarter worth about $6,924,000. Finally, Vanguard Group Inc. boosted its stake in AnaptysBio by 22.6% in the 2nd quarter. Vanguard Group Inc. now owns 206,031 shares of the biotechnology company’s stock worth $4,931,000 after purchasing an additional 37,932 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.
In other news, major shareholder Ventures Vii L. P. Avalon sold 37,040 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $24.35, for a total transaction of $901,924.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Holdings A/S Novo sold 356,300 shares of the business’s stock in a transaction on 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 sale, the insider now owns 1,936,604 shares in the company, valued at approximately $40,862,344.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,133,940 shares of company stock worth $24,223,316.
AnaptysBio Company Profile
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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