AVEO Pharmaceuticals, Inc. (AVEO) Upgraded by ValuEngine to Sell

AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Several other analysts have also recently commented on AVEO. FBR & Co reissued a “buy” rating on shares of AVEO Pharmaceuticals in a report on Saturday, April 8th. Piper Jaffray Companies reissued a “positive” rating on shares of AVEO Pharmaceuticals in a report on Friday. Finally, Zacks Investment Research cut AVEO Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Monday, March 27th.

AVEO Pharmaceuticals (AVEO) traded up 71.75% during mid-day trading on Friday, hitting $1.25. The stock had a trading volume of 54,894,350 shares. The stock has a 50-day moving average price of $0.70 and a 200 day moving average price of $0.68. The firm’s market cap is $137.95 million. AVEO Pharmaceuticals has a 12-month low of $0.50 and a 12-month high of $1.38.

AVEO Pharmaceuticals (NASDAQ:AVEO) last posted its quarterly earnings results on Thursday, May 4th. The biopharmaceutical company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The business had revenue of $2.53 million during the quarter. AVEO Pharmaceuticals had a negative return on equity of 836.92% and a negative net margin of 728.85%. Equities analysts anticipate that AVEO Pharmaceuticals will post ($0.44) EPS for the current fiscal year.

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In other news, major shareholder Equity Opportunities Iv Growth acquired 6,000,000 shares of AVEO Pharmaceuticals stock in a transaction that occurred on Tuesday, March 28th. The stock was purchased at an average cost of $0.50 per share, with a total value of $3,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.70% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Paloma Partners Management Co purchased a new position in shares of AVEO Pharmaceuticals during the first quarter valued at about $184,000. Geode Capital Management LLC boosted its position in shares of AVEO Pharmaceuticals by 3.9% in the first quarter. Geode Capital Management LLC now owns 315,153 shares of the biopharmaceutical company’s stock valued at $185,000 after buying an additional 11,870 shares in the last quarter. UBS Oconnor LLC purchased a new position in shares of AVEO Pharmaceuticals during the first quarter valued at about $291,000. Sabby Management LLC purchased a new position in shares of AVEO Pharmaceuticals during the first quarter valued at about $513,000. Finally, Renaissance Technologies LLC boosted its position in shares of AVEO Pharmaceuticals by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,743,900 shares of the biopharmaceutical company’s stock valued at $1,482,000 after buying an additional 148,500 shares in the last quarter. 50.96% of the stock is owned by hedge funds and other institutional investors.

About AVEO Pharmaceuticals

AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.

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