AnaptysBio (ANAB) Sets New 1-Year High at $88.37

AnaptysBio Inc (NASDAQ:ANAB)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $88.37 and last traded at $81.95, with a volume of 185000 shares traded. The stock had previously closed at $84.72.

A number of equities analysts have commented on ANAB shares. Zacks Investment Research raised shares of AnaptysBio from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Tuesday, August 15th. Credit Suisse Group lifted their price objective on shares of AnaptysBio from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $35.00 target price on shares of AnaptysBio in a research note on Tuesday, September 12th. Royal Bank Of Canada started coverage on AnaptysBio in a research note on Thursday, September 14th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, JMP Securities raised their target price on AnaptysBio from $45.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, October 10th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. AnaptysBio currently has a consensus rating of “Buy” and a consensus target price of $84.78.

The company has a debt-to-equity ratio of 0.09, a quick ratio of 10.77 and a current ratio of 10.77.

AnaptysBio (NASDAQ:ANAB) last posted its earnings results on Tuesday, November 7th. The biotechnology company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.02. equities research analysts anticipate that AnaptysBio Inc will post -1.72 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Evercore Wealth Management LLC bought a new stake in AnaptysBio in the third quarter worth about $100,000. Legal & General Group Plc raised its position in AnaptysBio by 160.8% in the third quarter. Legal & General Group Plc now owns 3,164 shares of the biotechnology company’s stock worth $110,000 after acquiring an additional 1,951 shares in the last quarter. Bank of America Corp DE bought a new stake in AnaptysBio in the first quarter worth about $123,000. DAFNA Capital Management LLC raised its position in AnaptysBio by 22.2% in the second quarter. DAFNA Capital Management LLC now owns 5,500 shares of the biotechnology company’s stock worth $132,000 after acquiring an additional 1,000 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in AnaptysBio in the 2nd quarter worth about $168,000. Institutional investors and hedge funds own 75.48% of the company’s stock.

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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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