AVEO Pharmaceuticals’ (AVEO) Buy Rating Reiterated at B. Riley

B. Riley reaffirmed their buy rating on shares of AVEO Pharmaceuticals (NASDAQ:AVEO) in a report released on Tuesday morning. The brokerage currently has a $5.00 price objective on the biopharmaceutical company’s stock.

A number of other analysts have also weighed in on the company. Seaport Global Securities reaffirmed a buy rating on shares of AVEO Pharmaceuticals in a research report on Friday, October 6th. Zacks Investment Research lowered AVEO Pharmaceuticals from a hold rating to a sell rating in a research report on Wednesday, December 6th. assumed coverage on shares of AVEO Pharmaceuticals in a research note on Wednesday, November 15th. They set a buy rating and a $5.00 target price for the company. Finally, BidaskClub downgraded shares of AVEO Pharmaceuticals from a sell rating to a strong sell rating in a research note on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. AVEO Pharmaceuticals currently has an average rating of Hold and an average target price of $4.05.

AVEO Pharmaceuticals (NASDAQ AVEO) traded down $0.02 during trading on Tuesday, hitting $2.82. The stock had a trading volume of 1,372,880 shares, compared to its average volume of 1,540,000. AVEO Pharmaceuticals has a 1-year low of $0.50 and a 1-year high of $4.24. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of -0.32. The stock has a market capitalization of $333.63, a price-to-earnings ratio of -3.97 and a beta of 1.14.

AVEO Pharmaceuticals (NASDAQ:AVEO) last posted its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. equities research analysts expect that AVEO Pharmaceuticals will post -0.66 EPS for the current year.

Several hedge funds have recently modified their holdings of AVEO. Vanguard Group Inc. grew its stake in shares of AVEO Pharmaceuticals by 48.6% during the second quarter. Vanguard Group Inc. now owns 3,551,360 shares of the biopharmaceutical company’s stock worth $7,884,000 after purchasing an additional 1,162,232 shares in the last quarter. EAM Investors LLC acquired a new position in shares of AVEO Pharmaceuticals during the second quarter worth $1,979,000. Fore Research & Management LP acquired a new position in shares of AVEO Pharmaceuticals during the second quarter worth $111,000. RA Capital Management LLC acquired a new position in shares of AVEO Pharmaceuticals during the second quarter worth $18,727,000. Finally, Rehmann Capital Advisory Group acquired a new position in AVEO Pharmaceuticals in the third quarter valued at $193,000. Hedge funds and other institutional investors own 50.91% of the company’s stock.

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AVEO Pharmaceuticals Company Profile

AVEO Pharmaceuticals, Inc is a biopharmaceutical company. The Company’s platform delivers insights into cancer and related disease. The Company’s product candidates include Tivozanib, Ficlatuzumab, AV-203 and AV-380. Tivozanib is a selective long half-life vascular endothelial growth factor tyrosine kinase inhibitor (VEGF TKI) that inhibits over three VEGF receptors.

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