Robert W. Baird Reiterates “Hold” Rating for Axovant Sciences Ltd (AXON)

Axovant Sciences Ltd (NYSE:AXON)‘s stock had its “hold” rating reiterated by stock analysts at Robert W. Baird in a research report issued to clients and investors on Wednesday. They presently have a $6.00 target price on the biotechnology company’s stock.

Several other research analysts also recently weighed in on the company. BidaskClub downgraded Axovant Sciences from a “sell” rating to a “strong sell” rating in a research note on Friday, September 15th. Evercore ISI started coverage on Axovant Sciences in a report on Friday, September 8th. They set an “outperform” rating and a $30.00 price objective on the stock. Zacks Investment Research raised Axovant Sciences from a “hold” rating to a “strong-buy” rating and set a $8.00 price objective on the stock in a report on Monday, October 9th. Chardan Capital reaffirmed a “sell” rating and set a $3.00 price objective on shares of Axovant Sciences in a report on Saturday, September 23rd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $30.00 price objective on shares of Axovant Sciences in a report on Monday, September 25th. Four analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.13.

Axovant Sciences (NYSE:AXON) last posted its quarterly earnings results on Monday, August 7th. The biotechnology company reported ($0.65) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by ($0.12).

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A number of large investors have recently added to or reduced their stakes in AXON. Bank of America Corp DE raised its holdings in Axovant Sciences by 38.9% during the 1st quarter. Bank of America Corp DE now owns 7,396 shares of the biotechnology company’s stock valued at $111,000 after buying an additional 2,072 shares during the period. Legal & General Group Plc raised its holdings in Axovant Sciences by 20.2% during the 2nd quarter. Legal & General Group Plc now owns 6,955 shares of the biotechnology company’s stock valued at $162,000 after buying an additional 1,168 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Axovant Sciences during the 1st quarter valued at $219,000. American International Group Inc. raised its holdings in Axovant Sciences by 7.1% during the 1st quarter. American International Group Inc. now owns 15,052 shares of the biotechnology company’s stock valued at $225,000 after buying an additional 998 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Axovant Sciences by 38.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 10,041 shares of the biotechnology company’s stock valued at $233,000 after buying an additional 2,789 shares during the period.

About Axovant Sciences

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.

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