Arsanis (ASNS) Given Average Recommendation of “Buy” by Brokerages

Arsanis (NASDAQ:ASNS) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $25.33.

A number of equities research analysts recently commented on ASNS shares. Zacks Investment Research raised shares of Arsanis from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, March 15th. Cantor Fitzgerald set a $26.00 price objective on shares of Arsanis and gave the company a “buy” rating in a research note on Thursday, March 15th. Finally, ValuEngine raised shares of Arsanis from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd.

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A number of hedge funds and other institutional investors have recently modified their holdings of ASNS. Monashee Investment Management LLC acquired a new stake in Arsanis in the 4th quarter valued at about $191,000. Millennium Management LLC acquired a new stake in Arsanis in the 4th quarter valued at about $299,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Arsanis during the 4th quarter worth about $504,000. Finally, Sphera Funds Management LTD. acquired a new stake in shares of Arsanis during the 4th quarter worth about $3,436,000. 69.45% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ ASNS traded down $0.80 during trading hours on Monday, reaching $20.25. The company’s stock had a trading volume of 10,519 shares, compared to its average volume of 60,612. The stock has a market cap of $300.90 and a price-to-earnings ratio of -1.25. Arsanis has a fifty-two week low of $10.40 and a fifty-two week high of $28.69. The company has a current ratio of 7.45, a quick ratio of 7.45 and a debt-to-equity ratio of 0.17.

Arsanis (NASDAQ:ASNS) last issued its quarterly earnings data on Friday, March 9th. The company reported ($1.68) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.86) by ($0.82). research analysts expect that Arsanis will post -4.57 earnings per share for the current year.

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Arsanis Company Profile

Arsanis, Inc, a clinical-stage biopharmaceutical company, focuses on applying monoclonal antibody (mAb) immunotherapies to address serious infectious diseases. Its lead product candidate is ASN100, a first-in-class mAb therapeutic in Phase II clinical development for the prevention of staphylococcus aureus pneumonia.

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