Economy

HC Wainwright Cuts Antares Pharma, Inc. (ATRS) Price Target to $3.50

An investor in NASDAQ:ATRS shares filed a lawsuit over alleged violations of Federal Securities Laws by Antares Pharma Inc. It now has negative earnings. The regular trading started at $1.94 but as the trading continued, the stock receded, settling the day with a fall of -5.29%. The stock decreased 0.52% or $0.98 on November 7, reaching $186.24.

Antares Pharma Cmn (NASDAQ:ATRS) as of recent trade, has shown weekly downbeat performance of -1.65% which was maintained at -52.27% in 1-month period. The stock exchanged hands with 1,628,771 numbers of shares compared to its average daily volume of 2.21M shares. Also, a 9.82% expansion in Antares Pharma, Inc. Antares Pharma has a 52 week low of $1.50 and a 52 week high of $4.09. Antares Pharma Cmn (NASDAQ:ATRS) has trailing twelve month Return on Assets of -25.7%, which is key indicator of how profitable a company is relative to its total assets. The firm earned "Buy" rating on Monday, August 7 by Jefferies. The rating was initiated by H.C. Wainwright on Friday, June 23 with "Buy". The stock closing price is now trading downward to its 50 day moving average with change of -36.48%, tumbled to its 20 day moving average with figure of -21.62% and behind its 200 day moving average with value -35.97%. The share price volatility of the stock remained at 7.09% for the month and by reducing the timeframe to just a week, the volatility stood at 7.67%. The mean rating score for this stock is at 2.50.

On October 20, 2017, Antares Pharma Inc announced receipt of a Complete Response Letter ("CRL") from the FDA regarding the NDA for Xyosted, "indicat [ing] that the FDA can not approve the NDA in its present form". After $-0.02 actual earnings per share reported by Antares Pharma Inc for the previous quarter, Wall Street now forecasts 50.00% negative EPS growth.

Several hedge funds have recently made changes to their positions in the company. 130,000 were reported by M&T Bancorporation. Benjamin F Edwards & Inc owns 6,000 shares. Prelude Mngmt Ltd accumulated 0.03% or 100,330 shares. Moreover, Gsa Capital Prtnrs Llp has 0.04% invested in Antares Pharma Inc (NASDAQ:ATRS). Schwab Charles Investment Management Inc. now owns 289,093 shares of the specialty pharmaceutical company's stock valued at $822,000 after acquiring an additional 26,847 shares during the last quarter. Prudential Fin holds 14,590 shares or 0% of its portfolio. California-based Fuller And Thaler Asset has invested 0.03% in Antares Pharma Inc (NASDAQ:ATRS). HC Wainwright reissued a "buy" rating and set a $5.00 target price on shares of Antares Pharma in a research report on Sunday, September 10th. Bnp Paribas Arbitrage Sa has 15,090 shares. However, the institutional investors are observed to own 37.20% of the total shares. In current trading day Editas Medicine, Inc. California State Teachers Retirement Sys, California-based fund reported 254,600 shares. After a recent check, it is observed that the insiders for the firm now own 1.30% shares.

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