Arbutus Biopharma (ABUS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Arbutus Biopharma (NASDAQ:ABUS) have received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.38.

A number of analysts recently issued reports on ABUS shares. ValuEngine raised Arbutus Biopharma from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research downgraded Arbutus Biopharma from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. BidaskClub raised Arbutus Biopharma from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Wedbush downgraded Arbutus Biopharma from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $9.00 to $6.00 in a research report on Monday, March 19th. Finally, Chardan Capital reaffirmed a “buy” rating on shares of Arbutus Biopharma in a research report on Tuesday, January 16th.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Spark Investment Management LLC boosted its stake in shares of Arbutus Biopharma by 98.3% in the fourth quarter. Spark Investment Management LLC now owns 23,000 shares of the biopharmaceutical company’s stock valued at $116,000 after buying an additional 11,400 shares during the period. Citadel Advisors LLC bought a new stake in Arbutus Biopharma during the fourth quarter worth $146,000. Two Sigma Investments LP bought a new stake in Arbutus Biopharma during the fourth quarter worth $215,000. Goldman Sachs Group Inc. bought a new stake in Arbutus Biopharma during the fourth quarter worth $275,000. Finally, Vanguard Group Inc. lifted its stake in Arbutus Biopharma by 2.7% during the second quarter. Vanguard Group Inc. now owns 77,413 shares of the biopharmaceutical company’s stock worth $279,000 after purchasing an additional 2,035 shares during the last quarter. 62.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:ABUS traded down $0.10 during midday trading on Thursday, reaching $5.05. The company had a trading volume of 137,795 shares, compared to its average volume of 179,873. The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.85 and a current ratio of 8.85. The company has a market cap of $278.10, a P/E ratio of -2.82 and a beta of 1.06. Arbutus Biopharma has a 1-year low of $3.20 and a 1-year high of $8.25.

Arbutus Biopharma (NASDAQ:ABUS) last released its earnings results on Wednesday, March 14th. The biopharmaceutical company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.51). The company had revenue of $2.50 million during the quarter, compared to analyst estimates of $0.70 million. Arbutus Biopharma had a negative net margin of 796.23% and a negative return on equity of 55.28%. equities analysts predict that Arbutus Biopharma will post -1.7 earnings per share for the current fiscal year.

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Arbutus Biopharma Company Profile

Arbutus Biopharma Corporation, formerly Tekmira Pharmaceuticals Corporation, is a therapeutic solutions company. The Company is engaged in discovering, developing and commercializing a cure for patients suffering from chronic hepatitis B infection (HBV), a disease of the liver caused by the hepatitis B virus (HBV).

Analyst Recommendations for Arbutus Biopharma (NASDAQ:ABUS)

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