BMO Capital Markets restated their outperform rating on shares of AveXis Inc. (NASDAQ:AVXS) in a report published on Monday. They currently have a $52.00 price target on the stock.
Several other research analysts have also weighed in on AVXS. Zacks Investment Research upgraded shares of AveXis from a sell rating to a hold rating in a report on Wednesday, June 15th. Jefferies Group lowered shares of AveXis from a buy rating to a hold rating and increased their price objective for the stock from $39.00 to $42.00 in a report on Wednesday, June 22nd. They noted that the move was a valuation call. Wells Fargo & Co. started coverage on shares of AveXis in a report on Friday, July 15th. They set a market perform rating on the stock. Finally, Chardan Capital reiterated a buy rating and set a $60.00 price objective on shares of AveXis in a report on Friday, August 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $52.80.
AveXis (NASDAQ:AVXS) opened at 47.04 on Monday. The firm’s market cap is $1.08 billion. AveXis has a 12-month low of $16.11 and a 12-month high of $50.19. The firm’s 50-day moving average is $40.53 and its 200 day moving average is $36.31.
AveXis (NASDAQ:AVXS) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.68) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.77) by $0.09. Equities research analysts predict that AveXis will post ($3.30) EPS for the current year.
In other AveXis news, insider Paul B. Manning sold 289,855 shares of AveXis stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $34.50, for a total transaction of $9,999,997.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Deerfield Management Co. acquired a new position in shares of AveXis during the first quarter worth $60,928,000. BlackRock Group LTD purchased a new position in AveXis during the first quarter worth approximately $2,223,000. VHCP Management II LLC purchased a new position in AveXis during the first quarter worth approximately $24,501,000. Pictet Asset Management Ltd. purchased a new position in AveXis during the first quarter worth approximately $536,000. Finally, BlackRock Institutional Trust Company N.A. purchased a new position in AveXis during the first quarter worth approximately $1,024,000. 54.46% of the stock is currently owned by hedge funds and other institutional investors.
AveXis Company Profile