AnaptysBio, Inc. (ANAB) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of AnaptysBio, Inc. (NASDAQ:ANAB) from a sell rating to a hold rating in a report published on Monday, July 17th.

According to Zacks, “AnaptysBio, Inc. is a biotechnology company. It involved in the discovery and development of therapeutic antibodies for inflammation and immuno-oncology primarily in the Unites states. AnaptysBio, Inc. is based in San Diego, California. “

A number of other equities research analysts have also recently commented on ANAB. JMP Securities reaffirmed an outperform rating and set a $45.00 price objective on shares of AnaptysBio in a research note on Friday, March 31st. Robert W. Baird assumed coverage on shares of AnaptysBio in a research note on Monday, July 10th. They set an outperform rating and a $36.00 price objective on the stock. Credit Suisse Group reaffirmed an outperform rating and set a $34.00 price objective on shares of AnaptysBio in a research note on Tuesday, April 18th. Stifel Nicolaus raised their price objective on shares of AnaptysBio from $30.00 to $35.00 and gave the stock a buy rating in a research note on Tuesday, May 2nd. Finally, Wedbush dropped their price objective on shares of AnaptysBio from $33.00 to $28.00 and set an outperform rating on the stock in a research note on Wednesday, March 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $35.60.

AnaptysBio (NASDAQ ANAB) traded up 2.37% during trading on Monday, hitting $21.99. 290,444 shares of the company’s stock were exchanged. AnaptysBio has a 12-month low of $15.17 and a 12-month high of $30.71. The firm’s market cap is $445.72 million. The company’s 50-day moving average price is $24.81 and its 200 day moving average price is $24.47.

AnaptysBio (NASDAQ:ANAB) last posted its quarterly earnings results on Thursday, August 10th. The biotechnology company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.29. The business had revenue of $7 million for the quarter, compared to analysts’ expectations of $3.45 million. Equities analysts forecast that AnaptysBio will post ($2.48) earnings per share for the current fiscal year.

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In related news, major shareholder Ventures Vii L. P. Avalon sold 37,040 shares of AnaptysBio stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $24.35, for a total value of $901,924.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Holdings A/S Novo sold 491,294 shares of AnaptysBio stock in a transaction on Monday, August 7th. The shares were sold at an average price of $21.12, for a total transaction of $10,376,129.28. Following the completion of the sale, the insider now directly owns 2,952,527 shares in the company, valued at approximately $62,357,370.24. The disclosure for this sale can be found here. Insiders sold a total of 599,040 shares of company stock worth $12,926,210 in the last three months.

Large investors have recently added to or reduced their stakes in the stock. Frazier Management LLC bought a new stake in AnaptysBio during the first quarter worth about $102,354,000. Perceptive Advisors LLC bought a new stake in AnaptysBio during the first quarter worth about $24,474,000. Hamilton Lane Advisors LLC bought a new stake in AnaptysBio during the first quarter worth about $11,213,000. Artal Group S.A. boosted its stake in AnaptysBio by 459.4% in the second quarter. Artal Group S.A. now owns 250,000 shares of the biotechnology company’s stock worth $5,983,000 after buying an additional 205,310 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in AnaptysBio during the first quarter worth about $6,924,000. 72.79% of the stock is currently owned by hedge funds and other institutional investors.

About AnaptysBio

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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