AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $1.96.
A number of analysts recently issued reports on AVEO shares. Piper Jaffray Companies reiterated an “overweight” rating and set a $3.00 price objective (down from $5.00) on shares of AVEO Pharmaceuticals in a research note on Thursday, January 31st. Zacks Investment Research upgraded AVEO Pharmaceuticals from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research note on Tuesday, March 19th. B. Riley reiterated a “neutral” rating and set a $1.00 price objective (down from $5.00) on shares of AVEO Pharmaceuticals in a research note on Monday, February 4th. BidaskClub upgraded AVEO Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, National Securities started coverage on AVEO Pharmaceuticals in a research report on Thursday, March 28th. They set a “sell” rating for the company.
In other AVEO Pharmaceuticals news, major shareholder Equity Opportunities Fu Growth bought 4,347,827 shares of AVEO Pharmaceuticals stock in a transaction that occurred on Monday, April 8th. The stock was acquired at an average cost of $1.14 per share, for a total transaction of $4,956,522.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is owned by insiders.
Shares of AVEO traded down $0.01 during mid-day trading on Friday, hitting $0.90. The stock had a trading volume of 42,876 shares, compared to its average volume of 6,424,472. The firm has a market cap of $149.52 million, a PE ratio of -4.74 and a beta of 1.21. AVEO Pharmaceuticals has a 52 week low of $0.49 and a 52 week high of $3.59.
AVEO Pharmaceuticals (NASDAQ:AVEO) last released its quarterly earnings data on Thursday, March 14th. The biopharmaceutical company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $1.48 million for the quarter, compared to the consensus estimate of $2.48 million. On average, equities analysts forecast that AVEO Pharmaceuticals will post -0.16 EPS for the current year.
About AVEO Pharmaceuticals
AVEO Pharmaceuticals, Inc, a biopharmaceutical company, develops and commercializes a portfolio of targeted medicines for oncology and other areas of unmet medical need. It markets its lead candidate, tivozanib, an oral, once-daily, vascular endothelial growth factor receptor tyrosine kinase inhibitor, which is used for the treatment of renal cell carcinoma (RCC).
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