Abeona Therapeutics Inc. (ABEO) Receives Average Recommendation of “Buy” from Analysts
Abeona Therapeutics Inc. (NASDAQ:ABEO) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $25.43.
ABEO has been the topic of several research analyst reports. Zacks Investment Research cut shares of Abeona Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub cut shares of Abeona Therapeutics from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada began coverage on shares of Abeona Therapeutics in a report on Thursday, September 14th. They set an “outperform” rating and a $23.00 price target on the stock. Cantor Fitzgerald restated a “buy” rating and set a $21.00 price target on shares of Abeona Therapeutics in a report on Friday, October 6th. Finally, HC Wainwright restated a “buy” rating and set a $20.00 price target on shares of Abeona Therapeutics in a report on Friday, September 8th.
Institutional investors have recently bought and sold shares of the company. State of Wisconsin Investment Board purchased a new position in shares of Abeona Therapeutics during the 2nd quarter valued at $122,000. Rhumbline Advisers acquired a new stake in shares of Abeona Therapeutics in the 2nd quarter valued at $190,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Abeona Therapeutics in the 2nd quarter valued at $264,000. Bank of New York Mellon Corp lifted its stake in shares of Abeona Therapeutics by 125.8% in the 1st quarter. Bank of New York Mellon Corp now owns 41,929 shares of the biopharmaceutical company’s stock valued at $210,000 after purchasing an additional 23,358 shares during the last quarter. Finally, California State Teachers Retirement System acquired a new stake in shares of Abeona Therapeutics in the 2nd quarter valued at $275,000. Institutional investors and hedge funds own 33.60% of the company’s stock.
Abeona Therapeutics (NASDAQ:ABEO) last posted its quarterly earnings data on Tuesday, August 15th. The biopharmaceutical company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Abeona Therapeutics had a negative return on equity of 26.66% and a negative net margin of 2,746.38%. The firm had revenue of $0.22 million for the quarter, compared to analysts’ expectations of $0.21 million.
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Abeona Therapeutics Company Profile
Abeona Therapeutics Inc is a clinical-stage biopharmaceutical company developing novel gene therapies for life-threatening rare genetic diseases. The Company’s lead programs include ABO-102 (AAV-SGSH), an adeno-associated virus (AAV) based gene therapy for Sanfilippo syndrome type A (MPS IIIA) and EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB).
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