Perceptive Advisors LLC lowered its stake in shares of Abeona Therapeutics Inc (NASDAQ:ABEO) by 72.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,900 shares of the biopharmaceutical company’s stock after selling 305,973 shares during the period. Perceptive Advisors LLC owned about 0.25% of Abeona Therapeutics worth $1,993,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board acquired a new position in Abeona Therapeutics during the second quarter worth about $122,000. Rhumbline Advisers acquired a new position in Abeona Therapeutics during the second quarter worth about $190,000. Schwab Charles Investment Management Inc. acquired a new position in Abeona Therapeutics during the second quarter worth about $264,000. California State Teachers Retirement System acquired a new position in Abeona Therapeutics during the second quarter worth about $275,000. Finally, Teachers Advisors LLC acquired a new position in Abeona Therapeutics during the second quarter worth about $284,000. 41.95% of the stock is owned by institutional investors and hedge funds.
Abeona Therapeutics Inc (NASDAQ ABEO) opened at $16.20 on Monday. Abeona Therapeutics Inc has a fifty-two week low of $4.05 and a fifty-two week high of $22.75.
Abeona Therapeutics (NASDAQ:ABEO) last posted its earnings results on Wednesday, November 15th. The biopharmaceutical company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.05. The company had revenue of $0.22 million for the quarter, compared to analyst estimates of $0.22 million. Abeona Therapeutics had a negative net margin of 2,946.58% and a negative return on equity of 27.69%. equities research analysts expect that Abeona Therapeutics Inc will post -0.6 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on ABEO shares. Maxim Group set a $17.00 price target on shares of Abeona Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Zacks Investment Research lowered shares of Abeona Therapeutics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. HC Wainwright restated a “buy” rating and set a $20.00 price target on shares of Abeona Therapeutics in a research report on Thursday, August 24th. Royal Bank Of Canada started coverage on shares of Abeona Therapeutics in a research report on Thursday, September 14th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, Cantor Fitzgerald restated a “buy” rating and set a $21.00 price target on shares of Abeona Therapeutics in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $26.10.
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Abeona Therapeutics Company Profile
Abeona Therapeutics Inc is a clinical-stage biopharmaceutical company developing novel gene therapies for life-threatening rare genetic diseases. The Company’s lead programs include ABO-102 (AAV-SGSH), an adeno-associated virus (AAV) based gene therapy for Sanfilippo syndrome type A (MPS IIIA) and EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB).
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