Aptose Biosciences Inc. (APTO) Receives $6.40 Average Price Target from Brokerages

Shares of Aptose Biosciences Inc. (NASDAQ:APTO) (TSE:APS) have been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $6.40.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Aptose Biosciences from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. HC Wainwright set a $9.00 price target on Aptose Biosciences and gave the company a “buy” rating in a research report on Thursday, December 13th. Citigroup assumed coverage on Aptose Biosciences in a research report on Friday, January 25th. They set an “outperform” rating and a $6.00 price target on the stock. Oppenheimer assumed coverage on Aptose Biosciences in a research report on Thursday, January 24th. They set an “outperform” rating and a $6.00 price target on the stock. Finally, Royal Bank of Canada assumed coverage on Aptose Biosciences in a research report on Friday, March 1st. They set an “outperform” rating and a $6.00 price target on the stock.

In other news, Director Erich Platzer sold 20,000 shares of Aptose Biosciences stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $2.19, for a total value of $43,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gregory K. Chow acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average price of $1.75 per share, for a total transaction of $26,250.00. Following the acquisition, the chief financial officer now owns 122,014 shares of the company’s stock, valued at approximately $213,524.50. The disclosure for this purchase can be found here.

Several institutional investors and hedge funds have recently added to or reduced their stakes in APTO. Citadel Advisors LLC purchased a new position in shares of Aptose Biosciences in the third quarter worth about $125,000. Renaissance Technologies LLC increased its holdings in Aptose Biosciences by 1,130.9% during the 3rd quarter. Renaissance Technologies LLC now owns 183,401 shares of the biotechnology company’s stock valued at $477,000 after purchasing an additional 168,501 shares during the period. Patriot Financial Group Insurance Agency LLC increased its holdings in Aptose Biosciences by 11.4% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 57,429 shares of the biotechnology company’s stock valued at $110,000 after purchasing an additional 5,890 shares during the period. Noven Financial Group Inc. purchased a new position in Aptose Biosciences during the 4th quarter valued at about $27,000. Finally, Geode Capital Management LLC purchased a new position in Aptose Biosciences during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 7.68% of the company’s stock.

NASDAQ:APTO opened at $1.85 on Tuesday. Aptose Biosciences has a 52-week low of $1.57 and a 52-week high of $4.55.

Aptose Biosciences (NASDAQ:APTO) (TSE:APS) last posted its quarterly earnings data on Tuesday, March 12th. The biotechnology company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.01). Sell-side analysts predict that Aptose Biosciences will post -0.72 earnings per share for the current fiscal year.

Aptose Biosciences Company Profile

Aptose Biosciences Inc, a clinical-stage biotechnology company, discovers and develops personalized therapies addressing unmet medical needs in oncology in Canada. Its lead clinical program is APTO-253, which is a Phase I clinical trial for the treatment of patients with relapsed or refractory hematologic malignancies.

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Analyst Recommendations for Aptose Biosciences (NASDAQ:APTO)

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