AnaptysBio (NASDAQ:ANAB) had its price objective raised by SunTrust Banks from $115.00 to $162.00 in a research report released on Thursday. The brokerage currently has a buy rating on the biotechnology company’s stock.
Several other brokerages also recently weighed in on ANAB. Credit Suisse Group set a $135.00 target price on AnaptysBio and gave the company an outperform rating in a research note on Tuesday, January 23rd. Robert W. Baird restated a buy rating and set a $144.00 target price (up previously from $81.00) on shares of AnaptysBio in a research note on Friday, January 19th. ValuEngine upgraded AnaptysBio from a sell rating to a hold rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded AnaptysBio from a buy rating to a hold rating in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada increased their target price on AnaptysBio to $108.00 and gave the company an outperform rating in a research note on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $107.11.
Shares of AnaptysBio (ANAB) traded down $4.91 during midday trading on Thursday, hitting $119.86. The stock had a trading volume of 274,800 shares, compared to its average volume of 311,324. The company has a current ratio of 10.77, a quick ratio of 10.77 and a debt-to-equity ratio of 0.09. AnaptysBio has a fifty-two week low of $18.15 and a fifty-two week high of $132.46.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in AnaptysBio by 104.1% during the 4th quarter. BlackRock Inc. now owns 1,393,305 shares of the biotechnology company’s stock valued at $140,334,000 after purchasing an additional 710,574 shares during the period. OppenheimerFunds Inc. bought a new stake in shares of AnaptysBio in the 4th quarter worth approximately $106,701,000. Perceptive Advisors LLC lifted its position in shares of AnaptysBio by 3.2% in the 3rd quarter. Perceptive Advisors LLC now owns 982,269 shares of the biotechnology company’s stock worth $34,330,000 after acquiring an additional 30,000 shares during the period. Citadel Advisors LLC bought a new stake in shares of AnaptysBio in the 3rd quarter worth approximately $20,406,000. Finally, Farallon Capital Management LLC lifted its position in shares of AnaptysBio by 128.0% in the 4th quarter. Farallon Capital Management LLC now owns 561,000 shares of the biotechnology company’s stock worth $56,504,000 after acquiring an additional 315,000 shares during the period. Hedge funds and other institutional investors own 76.23% of the company’s stock.
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AnaptysBio Company Profile
AnaptysBio, Inc is a United States-based biotechnology company. The Company is engaged in developing antibody product candidates focused on unmet medical needs in inflammation and immuno-oncology. The Company develops its product candidates using its antibody discovery technology platform, which is designed to replicate, in vitro, the natural process of antibody generation.
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