AveXis (NASDAQ:AVXS) has been given a $120.00 target price by equities researchers at Morgan Stanley in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 14.57% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. Royal Bank of Canada restated a “hold” rating and set a $92.00 target price on shares of AveXis in a report on Thursday, November 2nd. Canaccord Genuity assumed coverage on shares of AveXis in a report on Thursday, October 26th. They set a “hold” rating and a $110.00 target price for the company. Zacks Investment Research cut shares of AveXis from a “buy” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub raised shares of AveXis from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. Finally, Citigroup raised their price objective on shares of AveXis from $100.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $111.67.
AveXis (NASDAQ AVXS) traded down $1.90 during trading on Friday, hitting $104.74. 546,000 shares of the stock traded hands, compared to its average volume of 390,233. The company has a market capitalization of $3,350.00 and a PE ratio of -18.77. AveXis has a twelve month low of $50.56 and a twelve month high of $116.15.
AveXis (NASDAQ:AVXS) last posted its quarterly earnings data on Thursday, November 9th. The company reported ($1.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.48) by ($0.04). During the same quarter last year, the company posted ($0.87) EPS. analysts expect that AveXis will post -6.23 earnings per share for the current year.
In other AveXis news, insider Brian K. Kaspar sold 15,000 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $101.46, for a total value of $1,521,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Sukumar Nagendran sold 1,780 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $101.26, for a total transaction of $180,242.80. Following the completion of the sale, the vice president now owns 1,780 shares in the company, valued at $180,242.80. The disclosure for this sale can be found here. Insiders sold a total of 67,340 shares of company stock worth $6,840,745 over the last 90 days. Company insiders own 18.60% of the company’s stock.
Several institutional investors have recently modified their holdings of AVXS. Deerfield Management Co. acquired a new stake in shares of AveXis during the 1st quarter valued at about $60,928,000. FMR LLC lifted its holdings in AveXis by 67.6% during the 4th quarter. FMR LLC now owns 4,151,443 shares of the company’s stock valued at $198,148,000 after purchasing an additional 1,674,424 shares during the last quarter. BlackRock Inc. lifted its holdings in AveXis by 3,055.6% during the 1st quarter. BlackRock Inc. now owns 1,708,386 shares of the company’s stock valued at $129,888,000 after purchasing an additional 1,654,248 shares during the last quarter. VHCP Management II LLC bought a new position in AveXis during the 1st quarter valued at about $24,501,000. Finally, Boxer Capital LLC lifted its holdings in AveXis by 243.2% during the 4th quarter. Boxer Capital LLC now owns 1,028,763 shares of the company’s stock valued at $49,103,000 after purchasing an additional 729,007 shares during the last quarter. Institutional investors and hedge funds own 92.88% of the company’s stock.
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AveXis, Inc is a clinical-stage gene therapy company. The Company operates through the developing and commercializing gene therapy treatments for patients suffering from neurological genetic diseases segment. The Company’s product candidate, AVXS-101, is its gene therapy product candidate that is in a Phase I clinical trial for the treatment of spinal muscular atrophy (SMA) Type 1, which is a genetic disorder characterized by motor neuron loss and associated muscle deterioration.