HC Wainwright Cuts Antares Pharma Inc (ATRS) Price Target to $3.50
Antares Pharma Inc (NASDAQ:ATRS) had its target price decreased by equities research analysts at HC Wainwright from $5.00 to $3.50 in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the specialty pharmaceutical company’s stock. HC Wainwright’s target price would suggest a potential upside of 60.55% from the stock’s current price.
ATRS has been the subject of a number of other reports. Vetr raised Antares Pharma from a “hold” rating to a “buy” rating and set a $3.42 price target for the company in a research note on Tuesday, July 18th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Antares Pharma in a research note on Friday, September 8th. Finally, ValuEngine cut Antares Pharma from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. One analyst has rated the stock with a sell rating, three have given a buy rating and two have issued a strong buy rating to the company. Antares Pharma currently has an average rating of “Buy” and a consensus target price of $4.04.
Antares Pharma (NASDAQ ATRS) opened at 2.18 on Monday. The stock has a 50 day moving average of $3.07 and a 200 day moving average of $2.98. The stock’s market capitalization is $340.97 million. Antares Pharma has a 52-week low of $1.41 and a 52-week high of $4.09.
Antares Pharma (NASDAQ:ATRS) last announced its quarterly earnings results on Tuesday, August 8th. The specialty pharmaceutical company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $13.42 million during the quarter, compared to analysts’ expectations of $12.99 million. Antares Pharma had a negative return on equity of 27.89% and a negative net margin of 21.17%. On average, equities research analysts forecast that Antares Pharma will post ($0.11) EPS for the current year.
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In other news, Director Thomas J. Garrity sold 30,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $3.50, for a total value of $105,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leonard S. Jacob sold 230,000 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $4.05, for a total value of $931,500.00. The disclosure for this sale can be found here. Corporate insiders own 11.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Alliancebernstein L.P. bought a new stake in shares of Antares Pharma in the 2nd quarter valued at about $119,000. Legal & General Group Plc bought a new stake in Antares Pharma during the 2nd quarter worth approximately $120,000. MML Investors Services LLC increased its stake in Antares Pharma by 228.2% during the 2nd quarter. MML Investors Services LLC now owns 43,147 shares of the specialty pharmaceutical company’s stock worth $139,000 after purchasing an additional 30,000 shares in the last quarter. Credit Suisse AG bought a new stake in Antares Pharma during the 1st quarter worth approximately $146,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Antares Pharma during the 2nd quarter worth approximately $174,000. 36.77% of the stock is owned by institutional investors.
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 and manufactures pressure-assisted injector devices, with and without needles, which allow patients to self-inject drugs.
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