Annexon, Inc. (NASDAQ:ANNX – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 8,690,000 shares, a growth of 26.1% from the September 15th total of 6,890,000 shares. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is currently 6.6 days.
Wall Street Analyst Weigh In
ANNX has been the topic of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating on shares of Annexon in a report on Monday, September 9th. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of Annexon in a research note on Tuesday, August 13th. Finally, HC Wainwright reissued a “buy” rating and issued a $30.00 price target on shares of Annexon in a report on Tuesday, August 13th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $15.80.
Get Our Latest Research Report on Annexon
Insider Transactions at Annexon
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of ANNX. Bain Capital Life Sciences Investors LLC lifted its holdings in Annexon by 8.0% in the first quarter. Bain Capital Life Sciences Investors LLC now owns 8,703,268 shares of the company’s stock worth $62,402,000 after purchasing an additional 641,549 shares during the period. Point72 Asset Management L.P. raised its position in shares of Annexon by 16.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,989,017 shares of the company’s stock worth $29,346,000 after buying an additional 832,617 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Annexon by 96.4% in the 1st quarter. Vanguard Group Inc. now owns 3,747,655 shares of the company’s stock worth $26,871,000 after acquiring an additional 1,839,329 shares during the period. Bellevue Group AG bought a new position in shares of Annexon in the first quarter valued at approximately $15,647,000. Finally, Candriam S.C.A. acquired a new position in shares of Annexon during the second quarter valued at approximately $10,061,000.
Annexon Stock Up 5.1 %
Annexon stock opened at $7.38 on Friday. The firm has a 50-day moving average price of $6.17 and a two-hundred day moving average price of $5.65. Annexon has a 52-week low of $1.57 and a 52-week high of $8.40. The firm has a market capitalization of $779.70 million, a price-to-earnings ratio of -6.00 and a beta of 1.28.
Annexon (NASDAQ:ANNX – Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.23). Research analysts expect that Annexon will post -0.97 earnings per share for the current year.
Annexon Company Profile
Annexon, Inc, a clinical-stage biopharmaceutical company, discovers and develops medicines for treating inflammatory-related diseases. Its lead candidate is ANX005, an investigational full-length monoclonal antibody, which is in Phase 3 clinical trial for the treatment of patients with guillain-barré syndrome; completed Phase II clinical trial for treating Huntington's disease; and in Phase II clinical trial for the treatment of amyotrophic lateral sclerosis.
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