Axovant Sciences Ltd. (AXON) Posts Earnings Results, Misses Estimates By $0.12 EPS

Axovant Sciences Ltd. (NYSE:AXON) released its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.65) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.53) by $0.12, Bloomberg Earnings reports.

Shares of Axovant Sciences (NYSE:AXON) traded down 0.499% during trading on Friday, hitting $20.945. 231,532 shares of the stock traded hands. The company has a 50 day moving average of $22.75 and a 200-day moving average of $19.39. The company’s market cap is $2.25 billion. Axovant Sciences has a 1-year low of $11.01 and a 1-year high of $26.49. Axovant Sciences also saw unusually large options trading on Wednesday. Stock traders acquired 11,388 put options on the stock. This represents an increase of 1,108% compared to the average volume of 943 put options.

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A number of equities research analysts recently weighed in on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $30.00 price target on shares of Axovant Sciences in a report on Wednesday, June 21st. BidaskClub raised shares of Axovant Sciences from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Jefferies Group LLC assumed coverage on shares of Axovant Sciences in a research report on Monday, July 10th. They issued a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research downgraded shares of Axovant Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Finally, CIBC raised their price target on shares of Axovant Sciences from $26.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $27.75.

Axovant Sciences Company Profile

Axovant Sciences Ltd. is a clinical-stage biopharmaceutical company. The Company is focused on acquiring, developing and commercializing therapeutics for the treatment of dementia, including Alzheimer’s disease and Lewy body dementia. The Company intends to develop a pipeline of product candidates to address the cognitive, functional and behavioral aspects of dementia and related neurological disorders.

Earnings History for Axovant Sciences (NYSE:AXON)

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