AveXis Inc (NASDAQ:AVXS)‘s stock had its “buy” rating reaffirmed by Jefferies Group LLC in a report issued on Wednesday. They presently have a $92.00 target price on the stock. Jefferies Group LLC’s target price indicates a potential upside of 19.48% from the company’s current price.
Other equities analysts have also issued research reports about the company. Chardan Capital set a $85.00 price target on AveXis and gave the company a “buy” rating in a research note on Sunday, December 25th. BMO Capital Markets restated an “outperform” rating and issued a $95.00 price target (up previously from $85.00) on shares of AveXis in a research note on Friday, March 17th. Goldman Sachs Group Inc lifted their price target on AveXis from $91.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, March 17th. Finally, Zacks Investment Research upgraded AveXis from a “sell” rating to a “hold” rating in a research note on Tuesday, February 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. AveXis currently has a consensus rating of “Buy” and a consensus target price of $85.33.
Shares of AveXis (NASDAQ:AVXS) opened at 77.00 on Wednesday. The stock’s market cap is $2.14 billion. The company’s 50-day moving average price is $73.10 and its 200-day moving average price is $59.08. AveXis has a 52-week low of $21.42 and a 52-week high of $85.98.
AveXis (NASDAQ:AVXS) last announced its quarterly earnings results on Thursday, March 16th. The company reported ($0.92) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by $0.15. During the same quarter in the previous year, the firm posted ($1.82) earnings per share. On average, equities research analysts forecast that AveXis will post ($4.10) earnings per share for the current fiscal year.
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In related news, VP Sukumar Nagendran sold 1,781 shares of AveXis stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $76.13, for a total value of $135,587.53. Following the sale, the vice president now directly owns 1,781 shares in the company, valued at approximately $135,587.53. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of large investors have recently bought and sold shares of AVXS. RTW Investments LLC boosted its stake in AveXis by 73.4% in the third quarter. RTW Investments LLC now owns 825,980 shares of the company’s stock valued at $34,039,000 after buying an additional 349,613 shares during the last quarter. RA Capital Management LLC boosted its stake in AveXis by 29.3% in the third quarter. RA Capital Management LLC now owns 1,732,274 shares of the company’s stock valued at $71,387,000 after buying an additional 392,892 shares during the last quarter. Great Point Partners LLC purchased a new stake in AveXis during the third quarter valued at about $15,703,000. Sphera Funds Management LTD. purchased a new stake in AveXis during the third quarter valued at about $4,121,000. Finally, Citadel Advisors LLC purchased a new stake in AveXis during the third quarter valued at about $13,565,000. Institutional investors own 68.31% of the company’s stock.
AveXis Company Profile
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.
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