Shares of AnaptysBio, Inc. (NASDAQ:ANAB - Get Free Report) dropped 5.7% on Tuesday . The stock traded as low as $19.80 and last traded at $20.02. Approximately 174,378 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,165,128 shares. The stock had previously closed at $21.22.
Several equities research analysts have recently commented on the company. Wedbush restated an "outperform" rating and set a $40.00 price target on shares of AnaptysBio in a research note on Wednesday, February 12th. JPMorgan Chase & Co. reduced their target price on shares of AnaptysBio from $66.00 to $36.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. BTIG Research downgraded shares of AnaptysBio from a "buy" rating to a "neutral" rating in a report on Monday, December 2nd. Wells Fargo & Company increased their price target on shares of AnaptysBio from $40.00 to $51.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, Guggenheim cut their target price on AnaptysBio from $90.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.45.
Read Our Latest Analysis on AnaptysBio
The company has a market cap of $601.91 million and a price-to-earnings ratio of -3.25. The company has a fifty day simple moving average of $15.71 and a two-hundred day simple moving average of $25.54.
In other AnaptysBio news, Director Ecor1 Capital, Llc bought 65,184 shares of the business's stock in a transaction on Monday, December 30th. The stock was bought at an average price of $12.92 per share, for a total transaction of $842,177.28. Following the completion of the transaction, the director now owns 7,860,180 shares in the company, valued at approximately $101,553,525.60. The trade was a 0.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 33.70% of the company's stock.
Several large investors have recently modified their holdings of the business. China Universal Asset Management Co. Ltd. lifted its stake in AnaptysBio by 11.1% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 6,452 shares of the biotechnology company's stock valued at $85,000 after buying an additional 644 shares in the last quarter. Virtus ETF Advisers LLC lifted its position in shares of AnaptysBio by 24.7% in the fourth quarter. Virtus ETF Advisers LLC now owns 4,733 shares of the biotechnology company's stock valued at $63,000 after acquiring an additional 936 shares in the last quarter. Rhumbline Advisers lifted its position in shares of AnaptysBio by 3.8% in the fourth quarter. Rhumbline Advisers now owns 30,077 shares of the biotechnology company's stock valued at $398,000 after acquiring an additional 1,111 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of AnaptysBio by 700.0% during the third quarter. nVerses Capital LLC now owns 1,600 shares of the biotechnology company's stock valued at $54,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Values First Advisors Inc. purchased a new stake in AnaptysBio during the 3rd quarter worth about $49,000.
AnaptysBio, Inc, a clinical-stage biotechnology company, focuses in delivering immunology therapeutics. Its products include Rosnilimab, an IgG1 antibody that targets PD-1+ T cells, resulting in their agonism or depletion, broadly impacting pathogenic drivers of autoimmune and inflammatory diseases; and ANB032, a non-depleting antibody that binds to the BTLA checkpoint receptor and inhibits activated T cell proliferation; ANB033, a novel anti-CD122 antagonist antibody that targets the shared common beta subunit of the receptors for IL-15 and IL-2; ANB101, a BDCA2 modulator antibody that specifically targets plasmacytoid dendritic cells (pDCs); and Imsidolimab, an antibody that inhibits the interleukin-36 receptor, which is in the Phase 3 development for the treatment of generalized pustular psoriasis.
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