AveXis Inc. (NASDAQ:AVXS) had its price target upped by Jefferies Group from $50.00 to $58.00 in a research report released on Wednesday. They currently have a buy rating on the stock.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded AveXis from a sell rating to a hold rating in a research note on Wednesday, July 13th. Chardan Capital restated a buy rating and issued a $60.00 price target on shares of AveXis in a research note on Friday, August 12th. Wells Fargo & Co. initiated coverage on AveXis in a research report on Friday, July 15th. They set a market perform rating on the stock. Finally, BMO Capital Markets reiterated an outperform rating and set a $52.00 target price on shares of AveXis in a research report on Monday, October 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $52.80.
AveXis (NASDAQ:AVXS) opened at 47.03 on Wednesday. The firm’s 50-day moving average is $40.84 and its 200 day moving average is $36.44. AveXis has a 1-year low of $17.40 and a 1-year high of $50.19. The stock’s market capitalization is $1.08 billion.
AveXis (NASDAQ:AVXS) last posted its quarterly earnings results on Thursday, August 11th. The company reported ($0.68) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.77) by $0.09. Equities analysts anticipate that AveXis will post ($3.30) EPS for the current fiscal year.
In other news, insider Paul B. Manning sold 289,855 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $34.50, for a total value of $9,999,997.50. The sale was disclosed in a filing with the SEC, which is available through this link.
Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its position in AveXis by 2.4% in the second quarter. California State Teachers Retirement System now owns 10,138 shares of the company’s stock valued at $385,000 after buying an additional 238 shares during the last quarter. BlackRock Investment Management LLC raised its position in AveXis by 8.3% in the second quarter. BlackRock Investment Management LLC now owns 33,303 shares of the company’s stock valued at $1,266,000 after buying an additional 2,553 shares during the last quarter. American International Group Inc. acquired a new position in AveXis during the second quarter valued at approximately $106,000. RTW Investments LLC raised its position in AveXis by 0.6% in the second quarter. RTW Investments LLC now owns 476,367 shares of the company’s stock valued at $18,111,000 after buying an additional 2,993 shares during the last quarter. Finally, Nationwide Fund Advisors acquired a new position in AveXis during the second quarter valued at approximately $120,000. Institutional investors and hedge funds own 54.46% of the company’s stock.
AveXis Company Profile