BidaskClub Upgrades Antares Pharma (ATRS) to “Buy”

Antares Pharma (NASDAQ:ATRS) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other analysts have also recently issued reports on ATRS. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Antares Pharma in a research report on Friday, September 8th. HC Wainwright reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Antares Pharma in a research report on Sunday, September 10th. Finally, ValuEngine cut Antares Pharma from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $3.84.

Shares of Antares Pharma (NASDAQ:ATRS) opened at $2.05 on Friday. Antares Pharma has a 52-week low of $1.58 and a 52-week high of $4.09. The stock has a market capitalization of $316.48, a P/E ratio of -18.64 and a beta of 0.26. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.34 and a quick ratio of 2.89.

Antares Pharma (NASDAQ:ATRS) last released its quarterly earnings data on Tuesday, November 7th. The specialty pharmaceutical company reported ($0.03) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.03). Antares Pharma had a negative return on equity of 43.05% and a negative net margin of 32.06%. The company had revenue of $15.10 million during the quarter, compared to analysts’ expectations of $14.01 million. Antares Pharma’s revenue was up 11.9% on a year-over-year basis. sell-side analysts anticipate that Antares Pharma will post -0.11 EPS for the current year.

In other news, Director Thomas J. Garrity sold 30,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $3.50, for a total transaction of $105,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leonard S. Jacob sold 230,000 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $4.05, for a total value of $931,500.00. The disclosure for this sale can be found here. Company insiders own 11.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Advantage Inc. bought a new position in shares of Antares Pharma during the third quarter worth approximately $110,000. Alliancebernstein L.P. bought a new position in shares of Antares Pharma during the second quarter worth approximately $119,000. Legal & General Group Plc bought a new position in shares of Antares Pharma during the second quarter worth approximately $120,000. MML Investors Services LLC increased its stake in shares of Antares Pharma by 228.2% during the second quarter. MML Investors Services LLC now owns 43,147 shares of the specialty pharmaceutical company’s stock worth $139,000 after purchasing an additional 30,000 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Antares Pharma by 150.0% during the third quarter. First Eagle Investment Management LLC now owns 50,000 shares of the specialty pharmaceutical company’s stock worth $162,000 after purchasing an additional 30,000 shares during the period. Institutional investors own 34.63% of the company’s stock.

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Antares Pharma Company Profile

Antares Pharma, Inc (Antares) is a specialty pharmaceutical company that focuses on developing and commercializing self-administered parenteral pharmaceutical products and technologies. The Company develops and manufactures pressure-assisted injector devices, with and without needles, which allow patients to self-inject drugs.

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