Avedro Inc (NASDAQ:AVDR) Given Consensus Rating of “Hold” by Analysts

Shares of Avedro Inc (NASDAQ:AVDR) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $24.00.

Several equities research analysts have recently issued reports on AVDR shares. Zacks Investment Research upgraded shares of Avedro from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Monday. Svb Leerink restated a “market perform” rating and set a $22.00 price target (down previously from $25.00) on shares of Avedro in a research note on Tuesday. Leerink Swann lowered shares of Avedro from an “outperform” rating to a “market perform” rating and set a $22.00 price target for the company. in a research note on Monday. JPMorgan Chase & Co. lowered shares of Avedro from an “overweight” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Wednesday. Finally, Cowen lowered shares of Avedro from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $25.00 to $27.00 in a research note on Thursday, August 8th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new stake in shares of Avedro during the first quarter worth approximately $91,000. Dean Capital Investments Management LLC bought a new stake in shares of Avedro during the first quarter worth approximately $599,000. Spark Investment Management LLC bought a new stake in shares of Avedro during the first quarter worth approximately $192,000. Falcon Point Capital LLC bought a new stake in shares of Avedro during the first quarter worth approximately $261,000. Finally, Laurion Capital Management LP bought a new stake in shares of Avedro during the first quarter worth approximately $920,000. 60.35% of the stock is owned by institutional investors.

Shares of AVDR stock traded up $0.07 during trading hours on Thursday, hitting $21.95. 8,311 shares of the company were exchanged, compared to its average volume of 209,711. The company’s fifty day moving average price is $19.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 9.60 and a quick ratio of 9.09. Avedro has a 52-week low of $10.75 and a 52-week high of $24.74. The firm has a market cap of $373.72 million and a PE ratio of -1.22.

Avedro Company Profile

Avedro, Inc, an ophthalmic pharmaceutical and medical device company, develops and commercializes products to treat ophthalmic disorders and conditions, primarily associated with corneal weakness. The company's Avedro Corneal Remodeling platform comprises KXL and Mosaic systems, which deliver ultraviolet A or UVA light, and a suite of single-use riboflavin drug formulations.

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Analyst Recommendations for Avedro (NASDAQ:AVDR)

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