Axovant Sciences (AXON) Rating Reiterated by Cowen

Axovant Sciences (NASDAQ:AXON)‘s stock had its “hold” rating reissued by Cowen in a research note issued to investors on Tuesday.

The analysts wrote, “We maintain our BUY rating and $25 PT for SVRA shares.””

Other research analysts also recently issued research reports about the stock. HC Wainwright reissued a “buy” rating on shares of Axovant Sciences in a research note on Thursday, October 19th. Zacks Investment Research raised shares of Axovant Sciences from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Wednesday, January 31st. BidaskClub raised shares of Axovant Sciences from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Oppenheimer reissued a “hold” rating on shares of Axovant Sciences in a research note on Sunday, November 12th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of Axovant Sciences in a research note on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $13.61.

Shares of Axovant Sciences (NASDAQ:AXON) traded up $0.28 during mid-day trading on Tuesday, reaching $1.81. 1,926,725 shares of the company traded hands, compared to its average volume of 2,240,000. Axovant Sciences has a 12-month low of $1.47 and a 12-month high of $27.98. The firm has a market cap of $194.96 and a P/E ratio of -0.77. The company has a quick ratio of 5.94, a current ratio of 5.94 and a debt-to-equity ratio of 0.34.

A number of institutional investors and hedge funds have recently bought and sold shares of AXON. BlackRock Inc. grew its holdings in Axovant Sciences by 99.8% in the 4th quarter. BlackRock Inc. now owns 2,912,219 shares of the biotechnology company’s stock valued at $15,347,000 after buying an additional 1,454,454 shares during the period. OxFORD Asset Management LLP grew its holdings in Axovant Sciences by 842.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 869,834 shares of the biotechnology company’s stock valued at $5,838,000 after buying an additional 777,505 shares during the period. Eagle Asset Management Inc. purchased a new stake in Axovant Sciences in the 3rd quarter valued at about $4,471,000. Hudson Bay Capital Management LP purchased a new stake in Axovant Sciences in the 4th quarter valued at about $1,845,000. Finally, Artal Group S.A. grew its holdings in Axovant Sciences by 185.7% in the 3rd quarter. Artal Group S.A. now owns 500,000 shares of the biotechnology company’s stock valued at $3,440,000 after buying an additional 325,000 shares during the period. Institutional investors own 96.82% of the company’s stock.

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About Axovant Sciences

Axovant Sciences Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on acquiring, developing and commercializing therapeutics for the treatment of dementia, including Alzheimer’s disease and Lewy body dementia. The Company intends to develop a pipeline of product candidates to address the cognitive, functional and behavioral aspects of dementia and related neurological disorders.

Analyst Recommendations for Axovant Sciences (NASDAQ:AXON)

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