A number of other equities research analysts also recently commented on AVRO. Cowen reaffirmed a buy rating on shares of Avrobio in a research report on Monday, July 15th. Zacks Investment Research raised shares of Avrobio from a sell rating to a hold rating and set a $25.00 target price for the company in a research report on Tuesday, July 23rd. HC Wainwright set a $40.00 target price on shares of Avrobio and gave the stock a buy rating in a research report on Tuesday, May 14th. Janney Montgomery Scott initiated coverage on shares of Avrobio in a research report on Friday, April 5th. They issued a buy rating and a $24.42 target price for the company. Finally, Mizuho initiated coverage on shares of Avrobio in a research report on Wednesday, June 26th. They set a buy rating and a $28.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $29.40.
NASDAQ:AVRO traded down $1.07 during trading hours on Thursday, reaching $19.38. The company had a trading volume of 291,310 shares, compared to its average volume of 682,630. Avrobio has a 52 week low of $11.85 and a 52 week high of $53.70. The stock has a market cap of $512.40 million, a price-to-earnings ratio of -5.35 and a beta of 2.69. The company’s 50 day simple moving average is $17.56.
In other Avrobio news, Director Bruce Booth acquired 810,811 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was purchased at an average price of $18.50 per share, with a total value of $15,000,003.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.70% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Pictet Asset Management Ltd. grew its position in shares of Avrobio by 0.9% during the 1st quarter. Pictet Asset Management Ltd. now owns 168,574 shares of the company’s stock valued at $3,717,000 after acquiring an additional 1,543 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of Avrobio during the 4th quarter valued at $34,000. Northern Trust Corp lifted its stake in shares of Avrobio by 2.8% during the 4th quarter. Northern Trust Corp now owns 79,211 shares of the company’s stock valued at $1,319,000 after buying an additional 2,170 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new position in shares of Avrobio during the 1st quarter valued at $59,000. Finally, Strs Ohio lifted its stake in shares of Avrobio by 394.1% during the 1st quarter. Strs Ohio now owns 8,400 shares of the company’s stock valued at $185,000 after buying an additional 6,700 shares in the last quarter. 71.22% of the stock is owned by hedge funds and other institutional investors.
AVROBIO, Inc, a clinical-stage gene therapy company, focuses on developing ex vivo lentiviral-based gene therapies to treat rare diseases following a single dose in the United States. Its gene therapies employ hematopoietic stem cells that are collected from patients and modified with a lentiviral vector to insert functional copies of the gene, which is defective in the target disease.
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