AnaptysBio Inc (NASDAQ:ANAB) – Jefferies Group reduced their FY2021 earnings per share estimates for AnaptysBio in a research note issued on Monday. Jefferies Group analyst B. Amin now expects that the biotechnology company will post earnings of ($5.67) per share for the year, down from their prior estimate of ($5.14). Jefferies Group currently has a “Buy” rating and a $145.00 target price on the stock.
Other equities research analysts also recently issued reports about the company. SunTrust Banks lifted their price objective on AnaptysBio from $115.00 to $162.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Robert W. Baird restated a “buy” rating and set a $144.00 price objective (up from $81.00) on shares of AnaptysBio in a report on Friday, January 19th. Zacks Investment Research upgraded AnaptysBio from a “sell” rating to a “hold” rating and set a $74.00 price objective on the stock in a report on Friday, November 10th. ValuEngine upgraded AnaptysBio from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Wedbush restated an “outperform” rating and set a $142.00 price objective on shares of AnaptysBio in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. AnaptysBio has an average rating of “Buy” and an average price target of $118.67.
AnaptysBio (NASDAQ ANAB) traded up $0.02 during mid-day trading on Thursday, reaching $121.05. The company’s stock had a trading volume of 105,500 shares, compared to its average volume of 299,331. The company has a quick ratio of 10.77, a current ratio of 10.77 and a debt-to-equity ratio of 0.09. AnaptysBio has a 52 week low of $18.15 and a 52 week high of $134.00. The stock has a market cap of $2,880.00 and a P/E ratio of -81.95.
Several institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Advisors LLC acquired a new position in shares of AnaptysBio in the 4th quarter worth approximately $830,000. Redmile Group LLC acquired a new position in shares of AnaptysBio in the 4th quarter worth approximately $23,150,000. Jane Street Group LLC acquired a new position in shares of AnaptysBio in the 4th quarter worth approximately $382,000. TIAA CREF Investment Management LLC grew its position in shares of AnaptysBio by 144.7% in the 4th quarter. TIAA CREF Investment Management LLC now owns 103,430 shares of the biotechnology company’s stock worth $10,417,000 after acquiring an additional 61,166 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of AnaptysBio by 54.0% in the 4th quarter. Teachers Advisors LLC now owns 32,666 shares of the biotechnology company’s stock worth $3,290,000 after acquiring an additional 11,456 shares in the last quarter. Institutional investors own 95.56% of the company’s stock.
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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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